Asian markets traded lower on Thursday following overnight losses on Wall Street after US Fed policy. Japan’s Nikkei 225 fell 0.17% and the Topix dropped 0.21%.US stock market ended lower on Wednesday after the US Fed kept interest rates unchanged as expected and Fed Chair Jerome Powell offered soothing comments on the economy.Here’s a table showing how US stocks performed on Wednesday:

Data Source: EquitymasterAt present, the BSE Sensex is trading 14 points higher and NSE Nifty is trading 36 points higher.Hindalco, Cipla, and Bajaj Financeare  among the top gainers today.Tata Motors, Wipro, and Infosys on other hand are among the top losers today.The BSE Midcap index is trading 0.2% higher and the BSE Smallcap index are trading 0.3% higher.Sectoral indices are trading on a mixed note today with stocks in the realty sector, power sector, and telecom sector witnessing buying. Meanwhile, stocks in the auto sector, IT sector and banking sector witnessing selling pressure.The rupee is trading at Rs 86.58 against the US dollar.
 Tata Motors Q3 Profit Drops 22%Tata Motors Ltd reported a 22% year-on-year decline in consolidated net profit to Rs 54.5 bn for Q3 FY25, falling short of analyst expectations. The company faced pressure from weaker margins and subdued Jaguar Land Rover (JLR) volumes, despite showing sequential improvement.Revenue from operations grew 2.7% YoY to Rs 1,135.8 bn, supported by a modest uptick in overall sales.However, EBITDA margins contracted by 60 basis points YoY to 13.7%. Meanwhile, EBIT stood at Rs 100 bn, marking a 60-basis-point improvement.In its outlook, Tata Motors expressed optimism about a gradual recovery in demand, driven by infrastructure investments, new product launches, and stable interest rates.The company expects JLR’s wholesale volumes to improve further in Q4, though it remains cautious about demand trends, particularly in China.

Bajaj Finance Q3 AUM Jumps 28%
Bajaj Finance reported a 23% YoY rise in net interest income (NII) to Rs 93.8 bn in Q3 FY25, up from Rs 76.6 bn in the same quarter last year.This growth was driven by a strong 28% surge in assets under management (AUM), which reached Rs 3.98 trillion (tn) as of 31 December 2024, compared to Rs 3.11 tn a year ago.On the asset quality front, the lender’s gross non-performing assets (GNPA) increased to 1.12% from 0.95% YoY, while net non-performing assets (NNPA) rose to 0.48% from 0.37%.The provisioning coverage ratio on stage 3 assets stood at 57%. Loan loss provisions saw a sharp increase to Rs 20.4 bn in Q3 FY25, up from Rs 12.5 bn a year earlier, accounting for 2.16% of average assets under finance.Bajaj Finance’s capital adequacy ratio (CRAR), including Tier-II capital, stood at 21.57%, with Tier-I capital at 20.79% as of 31 December 2024.Net total income grew 26% YoY to Rs 116.7 bn, while pre-provision operating profit rose 27% to Rs 78.1 bn.
 GR Infraprojects Wins New OrderGR Infraprojects Ltd has been declared the lowest (L-1) bidder for a Rs 2.6 bn railway infrastructure project under Western Railway. The contract involves converting a 38.9 km track from Kosamba to Umarpada in the Vadodara division to broad gauge.The project, awarded under the engineering, procurement, and construction (EPC) mode, encompasses earthwork, blanketing, ballast supply, minor and major bridge construction, station amenities, office buildings, water supply, sanitation, and retaining walls. It also includes the construction of 30 road under bridges (RUBs) and complete track linking, excluding new rail supply. The financial bid was opened on 29 January 2025, and the project is set for completion within 24 months from the appointed date.In December, GR Infraprojects secured a letter of intent (LoI) from PFC Consulting Ltd for a “transmission scheme” aimed at integrating the Bijapur Renewable Energy Zone (REZ).
 Raymond Q3 Revenue Jumps 40%Raymond Ltd reported a 61% year-on-year decline in net profit to Rs 723 million for the third quarter ended 31 December 2024, compared to Rs 1.9 bn in the same period last year.However, the profit figures from the base quarter included the Lifestyle business, which has since been demerged into a separate listed entity.The company’s revenue from operations saw a significant 40.6% jump to Rs 9.5 bn, up from Rs 6.8 bn in the corresponding quarter of the previous fiscal, driven primarily by its real estate segment.At the operating level, EBITDA surged 75.3% to Rs 1.4 bn in Q3 FY25 from Rs 788 m a year earlier. The EBITDA margin improved to 14.5%, compared to 11.6% in the same period last year.EBITDA represents earnings before interest, tax, depreciation, and amortization.More By This Author:Sensex Today Rallies 632 Points; Nifty Above 23,150Sensex Today Trades Higher; Nifty Above 23,000Sensex Today Rallies 535 Points; Nifty Above 22,900