Asian markets traded lower on Wednesday following a disruptive political crisis in South Korea.President Yoon Suk Yeol’s sudden imposition of emergency martial law, which was later revoked within hours, unsettled global markets and heightened uncertainty in the region.US stocks closed mixed on Tuesday as investors digested fresh jobs data and new Fedspeak regarding the path forward for interest rates.Here’s a table showing how US stocks performed on Tuesday:

Stock/Index LTP Change ($) Change (%) Day High Day Low 52-Week High 52-Week Low Alphabet 173.02 0.04 0.02% 174.32 172.51 193.30 129.40 Apple 242.65 3.06 1.28% 242.76 238.90 242.76 164.08 Meta 613.65 20.82 3.51% 614.20 591.25 614.20 313.66 Tesla 351.42 -5.67 -1.59% 355.69 348.20 361.92 138.80 Netflix 902.17 4.43 0.49% 902.69 888.03 908.00 445.73 Amazon 213.44 2.73 1.30% 214.02 209.65 215.90 142.81 Microsoft 431.20 0.22 0.05% 432.47 427.74 468.35 362.90 Dow Jones 44705.53 -76.47 -0.17% 44914.68 44574.78 45071.29 36010.85 Nasdaq 21229.32 64.72 0.31% 21235.79 21081.81 21235.79 15695.58

Source: EquitymasterAt present, the BSE Sensex is trading 269 points higher and NSE Nifty is trading 83 points higher.NTPC, Britannia, and HDFC Life are among the top gainers today.Bharti Airtel, Cipla, and ICICI Bank other hand are among the top losers today.The BSE Midcap index is trading 0.5% higher and the BSE Smallcap index is trading 0.8% higher.Barring Telecom sector, all other sectoral indices are trading higher today with stocks in power sector, capital goods sector and auto sector witnessing most buying.The rupee is trading at Rs 84.68 against the US dollar.In commodity markets, gold prices are trading 0.1% lower at Rs 76,855 per 10 grams today.
 ONGC Hikes Stake in OPaLState-owned Oil and Natural Gas Corporation (ONGC) on Tuesday raised its equity stake in its subsidiary, ONGC Petro Additions Ltd (OPaL), from 94.6% to 95.7% through the subscription of 4.9 bn equity shares at Rs 10 each via a rights issue. The investment amounted to Rs 49.1 bn.OPaL operates a state-of-the-art petrochemical complex spanning five square km, with a production capacity of 1.1 million tonnes per annum (MTPA) of polyethylene, alongside 1,100 KTPA of ethylene and 400 KTPA of propylene.The complex also houses advanced units for pyrolysis gasoline hydrogenation, butadiene extraction, and benzene extraction.For FY24, OPaL reported a turnover of Rs 143.2 bn. The additional investment was approved by ONGC’s board on 25 September 2024 and aligns with the Government of India’s directive to strengthen the company’s downstream integration.The rights issue was offered on equal terms to all existing shareholders, ensuring compliance with governance norms.
 RVNL Shares in FocusState-owned Rail Vikas Nigam Ltd (RVNL) shares will be focused on Wednesday after the company announces receipt of a letter of acceptance (LoA) from East Central Railway.The Rs 1.9 bn contract involves the design, supply, erection, testing, and commissioning of traction substations and associated switching posts to upgrade the electric traction system in the Gomoh-Patratu section of the Dhanbad division.The project aims to enhance the existing traction system from 1X25 kV to a 2X25 kV AT feeding system.The contract, including applicable taxes, is expected to be completed within 540 days, contributing to ongoing efforts to modernize railway infrastructure and improve operational efficiency.Earlier on 29 November, the state-owned company announced that it had emerged as the lowest bidder for a Rs 6.4 bn power infrastructure project of Punjab State Power Corporation Ltd.

Indigo Sues M&M
IndiGo has taken Mahindra Electric Automobile to the Delhi High Court (HC) for infringement of its trademark ‘6e’ in Mahindra’s new electric car, the Mahindra BE 6e, which is expected to hit Indian roads in February 2025.India’s largest airline informed the court that Mahindra had contacted it on Monday evening to discuss the issue.The case came up before Justice Amit Bansal on Tuesday, but the judge recused himself from hearing the matter. It is now expected to be heard on 9 December.The dispute arose when the registrar of trademarks on 25 November accepted Mahindra Electric’s request to register the ‘BE 6e’ mark in Class 12.Under trademark laws, there are a total of 45 classes of trademarks, with Classes 1-34 about products and Classes 35-45 about services
 Swiggy Q2 ResultsFood Delivery aggregator Swiggy Ltd. reported a net loss of Rs 6.3 bn during the September quarter, in what has been the first quarterly report of the company since it became a public company last month.The company had reported a net loss of Rs 6.6 bn during the same quarter last year and a loss of Rs 6.1 bn during the June quarter.Swiggy reported revenue of Rs 36 bn for the September quarter, compared to Rs 27.6 bn last year and Rs 32.2 bn during the June quarter.Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter remained at a loss of Rs 5.6 bn, which is nearly the same as the EBITDA loss of Rs 5.4 bn during the June quarter, and slightly lower than the loss of Rs 6.2 bn which was seen during the same quarter last year.For Swiggy’s various businesses, the Food Delivery business reported a revenue growth of 22% from last year and 4% sequentially to Rs 15.8 bn.EBIT for the Food business was at a profitable Rs 1.2 bn compared to an EBIT loss of Rs 440 m last year and a profitable Rs 670 m in the June quarter.More By This Author:Sensex Today Rallies 597 Points; Nifty Above 24,400Sensex Today Trades Marginally Higher; Nifty Above 24,250Sensex Today Ends 445 Points Higher; Nifty Above 24,250

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