Sensex Today Trades Lower; Bharti Airtel & Kotak Mahindra Top Losers

Asian markets traded higher on Wednesday as investors assessed the development over the ongoing US-Iran war.

US stock market ended lower on Tuesday, as investors weighed fading hopes for an earlier-than-expected end to the US-Iran war against a backdrop of renewed military threats and ongoing worries of economic stagflation.

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

Source: Equitymaster

At present, the BSE Sensex is trading 201 points lower, and the NSE Nifty is trading 61 points lower.

Adani Ports, Tata Steels, and NTPC are among the top gainers today.

ICICI Bank, Bharti Airtel, and Kotak Mahindra, on the other hand, are among the top losers today.

The Nifty Midcap 100 index is trading 0.% higher, and the Nifty Smallcap 250 index is trading 0.8% higher.

Sectoral indices are trading mixed today, with stocks in the IT sector and the banking sector witnessing selling pressure. Meanwhile, stocks in the power sector and the metal sector witnessed buying.

The rupee is trading at Rs 91.9 against the US dollar.

Waaree Subsidiary Expands into US Solar

Waaree Energies Ltd said its wholly owned subsidiary, Waaree Solar Americas Inc., has entered into a share subscription agreement with United Solar Holdings Inc. to subscribe to around 5.37 million Series B preferred shares.

The investment is valued at about $30 million (approximately Rs 2.5 billion).

Separately, the solar module manufacturer said it has secured an order to supply 500 MW of solar modules from a domestic solar power developer and independent power producer.

The one-time contract is scheduled for FY27, with the entire module supply to be executed within the timeline specified in the agreement.

Aditya Birla Capital Boosts Housing Finance Unit

Aditya Birla Capital (ABCL) has invested Rs 7.5 bn in its wholly owned subsidiary, Aditya Birla Housing Finance (ABHFL), through a rights issue of equity shares.

The investment was made in cash on 10 March 2026, and the shares were allotted on the same day. After the transaction, Aditya Birla Capital's shareholding in ABHFL remains unchanged at 100%, meaning the company continues to be a wholly owned subsidiary.

Aditya Birla Housing Finance operates in the housing finance sector, providing home loans and related financial services.

Hindustan Zinc Expands Rajasthan Zinc Park

Hindustan Zinc Ltd has signed a Memorandum of Understanding (MoU) with CMR Green Technologies, India's largest non-ferrous metal recycling company, to set up a manufacturing facility at Zinc Park in Rajasthan.

Under the agreement, CMR Green Technologies will establish a plant to produce low-emission zinc alloys used in industries such as automotive, infrastructure, die-casting, and consumer goods. The project aims to boost value addition in zinc while promoting sustainable metal processing and recycling.

Zinc Park, developed jointly by Hindustan Zinc and RIICO, is being positioned as India's first integrated hub for zinc-based industries. Located near Hindustan Zinc's Chanderiya, Dariba, and Debari operations, the park will ensure easy raw material supply and efficient logistics.

The initiative is expected to attract MSMEs and large companies involved in galvanizing, die-casting, and zinc-based products, while supporting industrial growth, employment generation, and sustainable manufacturing in Rajasthan.