Sensex Today Trades Lower; Asian Paints & Axis Bank Top Losers

Asian stocks were mixed on Wednesday, October 7, with investors assessing the latest moves on Wall Street, elevated US Treasury yields and geopolitical risks.

Wall Street's benchmark indices extended their gains on Tuesday, October 6, with the S&P 500 hitting a fresh record for the first time since August, while the Nasdaq continued its record-setting streak.

Here's a table showing how US stocks performed on Monday:

Source: Equitymaster

At present, the BSE Sensex is trading 424 points lower, and NSE Nifty is trading 165 points lower.

Bajaj Finance, Bharti Airtel, Eternal are the top gainers today.

Asian Paints, Bharat Elec, Axis Bank on the other hand is among the top losers today.

The BSE 150 Midcap index is trading 0.2% lower and the BSE 250 SmallCap index is trading 0.1% lower.

Baring telecommunication sector all other sectoral indices are trading negative today with stocks in metal sector and banking sector witnesses selling pressure.

The rupee is trading at Rs 96.4 against the US dollar.

HCLTech Accelerates AI-Native Telecom Network Evolution

HCLTech, a leading global technology company, will showcase its portfolio of future-ready telecom solutions at India Mobile Congress 2026. Its portfolio features AI-powered platforms and engineering accelerators designed to help telecom service providers and OEMs accelerate their transition to AI-native operations.

The solutions address key industry priorities, including autonomous networks, OSS modernization, network monetization and mediation, network cloudification, AI-powered service assurance, Open RAN engineering, intelligent infrastructure and the evolution toward 6G.

Built on reusable platforms and engineering accelerators, HCLTech's offerings enable telecom enterprises to deploy and scale AI-native capabilities faster across complex network environments.

With more than 35 dedicated labs, HCLTech serves over 100 telecom operators globally, including 25 of the world's top 30. The acquisitions of Communications Technology Group and Telecom Solutions from Hewlett Packard Enterprise have further strengthened its capabilities through carrier-grade software, intellectual property and specialist expertise spanning BSS, OSS modernization, network monetization and data intelligence.

JSW Cement Strengthens North India Capacity

JSW Cement, one of India's leading green cement producers and part of the JSW Group, has commissioned an additional 1.00 MTPA cement grinding unit at Nagaur, Rajasthan, marking another milestone in its expansion strategy.

The commissioning takes JSW Cement's total cement grinding capacity to 25.10 MTPA, while its overall clinker manufacturing capacity, including its joint venture JSW Cement FZC, stands at 9.74 MTPA.

The company began operations in North India in March 2026 with its Nagaur Integrated Plant, featuring 3.30 MTPA clinkerisation and 2.50 MTPA cement grinding capacity. Following the latest expansion, the plant's grinding capacity has increased to 3.50 MTPA, strengthening JSW Cement's ability to meet rising demand across Rajasthan, Haryana, Punjab and the NCR.

The expansion has been financed through a strategic combination of equity and long-term debt. During the quarter ended September 30, 2026, JSW Cement also commissioned an Alternate Fuel Handling System and Waste Heat Recovery System (WHRS) at the Nagaur plant, further supporting operational efficiency and sustainability.