Asian markets traded mixed following overnight gains on Wall Street.Japan’s Nikkei 225 was flat, while the Topix rose 0.34%.The US stock market ended higher on Wednesday led by financial stocks, with the Dow Jones Industrial Average closing at a record high.The Dow Jones rallied 337.3 points, or 0.8%, to 43,077.7, while the S&P 500 gained 27.2 points, or 0.5%, to 5,842.5.Here’s a table showing how US stocks performed on Wednesday:

Data Source: EquitymasterAt present, the BSE Sensex is trading 29 points lower and NSE Nifty is trading 43 points lower.SBI, Hindalco, and L&T are among the top gainers today.Bajaj Auto, M&M, and Maruti Suzuki the other hand are among the top losers today.Broader markets are trading on mixed. The BSE Midcap index and the BSE Smallcap index are trading flat.Sectoral indices are trading mixed today with stocks in IT sector and metal sector witnessing the most buying. Meanwhile, stocks in the realty sector and auto sector witnessing selling pressure.The rupee is trading at Rs 84.03 against the US dollar.In commodity markets, gold prices are trading flat at Rs 76,676 per 10 grams today.
 Bajaj Auto Q2 ResultsPune-based two-wheeler major Bajaj Auto on Wednesday reported a 31.4% fall in consolidated net profit after tax (PAT) to Rs 13.9 bn for the second quarter of the financial year 2024-25 (Q2FY25).Its revenue from operations grew 22.2% to Rs 132.5 bn during the period.The decline in PAT can be attributed to the payment of Rs 2.1 bn by the company to cover a one-time impact on Deferred Tax for Investment Income, caused by the removal of indexation and tax rate changes in the Finance Act 2024.The revenue from operations grew on the back of strong vehicle sales and spares with a steady export recovery supported by a favourable sales mix.Both, revenue and profit missed consensus estimates.The domestic business saw revenue growing in double digits for the tenth consecutive quarter driven by growth across motorcycles, commercial vehicles, and electric scooters.The domestic sales rose from 1,800-1,900 units per month to 3,500.Two-wheelers, three-wheelers, and the green portfolio (electric and CNG vehicles) account for 44% of the domestic revenues.
 RVNL Wins Metro ContractState-run Rail Vikas Nigam Ltd (RVNL) emerged as the lowest bidder (L1) on Wednesday for a contract awarded by Maharashtra Metro Rail Corporation.The project, valued at approximately Rs 2.7 bn (including GST), involves the construction of ten elevated metro stations under Nagpur Metro Rail Project (NMRP) Phase 2.The awarded contract comprises the development of seven elevated metro stations in Reach 3A, located at Hingna Mount View, Rajiv Nagar, Wanadongri, APMC, Raipur, Hingna Bus Station, and Hingna.Additionally, three elevated stations will be constructed in Reach 4A at Pardi, Kapsi Khurd, and Transport Nagar. RVNL is expected to execute this infrastructure project within a 30-month timeline.In October first week, RVNL emerged as the lowest bidder for an East Coast Railway project.The company has emerged as the lowest bidder for the third and fourth line between Jarapada & Talcher Road and the construction of a new line between Angul-Balram, which is part of the MCRL Internal Corridor Phase-I doubling project.Rail Vikas Nigam Ltd, incorporated by the Government of India, is engaged in the business of implementing various types of rail infrastructure projects assigned by the Ministry of Railways.It undertakes and executes the project development, financing, and implementation of projects related to rail infrastructure.

Bikaji Foods Acquires Stake in Hazelnut Factory
Bikaji Foods International (Bikaji), one of India’s largest ethnic snacks brands, announced on Wednesday that its wholly owned subsidiary, Bikaji Foods Retail, will make a strategic investment of Rs 1.3 bn for a 53% stake in Hazelnut Factory Food Products, a cafe-cum-artisanal sweets brand based in Lucknow.This investment will be made in tranches and is expected to be completed over the next two years.Through this acquisition, Bikaji aims to establish a House of Brands to cater to diverse customer tastes and preferences and position itself as a key player in the quick service restaurant (QSR) domain.Hazelnut Factory Food Products offers specialty coffee, artisanal sweets, bakery and patisserie items, and a range of cafe menu options.The acquisition of The Hazelnut Factory will enhance Bikaji’s House of Brands by providing cross-selling opportunities, flexible menu offerings, a diverse customer base, a diversified brand portfolio, shared facilities and resources, and increased market presence.More By This Author:Sensex Today Ends 319 Points Lowe; Nifty Below 25,000Sensex Today Trades Lower; Nifty Below 25,100Sensex Today Ends 152 Points Lower; Nifty Below 25,100