Sensex Today Trades Lower; HCL Tech & Bharti Airtel Top Losers

Asian markets opened mixed on Monday, with Japan's benchmark indices advancing while South Korean and Australian equities declined.

US stock futures initially started the week higher as investors assessed whether the recent recovery in technology shares could continue.

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

Source: Equitymaster

At present, the BSE Sensex is trading 144 points lower, and NSE Nifty is trading 19 points lower.

SBI, ICICI Bank, HDFC Bank are the top gainers today.

HCL Tech, Power Grid Corp, Bharti Airtel on the other hand is among the top losers today.

The BSE 150 Midcap index is trading 0.3% lower and the BSE 250 SmallCap index is trading 0.3% lower.

Sectoral indices are trading on a mixed note today, with stocks in the telecommunication sector and insurance sector witnessed selling pressure. Meanwhile, stocks in healthcare sector and private bank sector witnessed buying interest.

The rupee is trading at Rs 93.8 against the US dollar.

Jubilant Ingrevia Strengthens Strategic Electronics Manufacturing Presence

Jubilant Ingrevia Limited has executed the Share Subscription and Share Purchase Agreement ("SSPA") for the acquisition of the aforesaid 40% strategic equity stake in Zettaone, with an option to increase its shareholding to 51% during the next financial year, subject to the terms and conditions of the SSPA.

The key terms and details of the transaction have already been disclosed to the Stock Exchanges vide the Company's letter dated October 1, 2026.

Through this strategic acquisition, Jubilant Ingrevia Limited, through JAEL, is expanding its presence in the rapidly growing Electronics Design and Manufacturing Services (EDMS) sector, which offers significant growth opportunities. The investment is expected to establish a strong platform to cater to customers across semiconductors, aerospace and defence, automotive and other electronics segments.

The option to increase the shareholding to 51% in FY 2027-28 further enhances the strategic significance of this acquisition and is expected to contribute to the Company's long-term growth objectives.

The acquisition will also enable Jubilant Ingrevia Limited to leverage its established manufacturing expertise, operational excellence and customer-centric capabilities in the CDMO space, alongside the newly acquired EDMS capabilities. The integration of these complementary strengths is expected to create a differentiated and integrated value proposition for customers, while accelerating the growth of the Company's semiconductor and electronics chemicals business and strengthening its presence across the broader electronics value chain.

Marico Expands Global FMCG Presence Through Strategic Acquisition

Marico Limited proposes to acquire 51% of the equity share capital and voting rights of Bonorizon Consumer Ventures Private Limited ("Bonorizon") and its wholly owned subsidiary, Bonorizon Consumer Ventures LLC, for an aggregate cash consideration of up to ?35 Crores.

The proposed acquisition is aligned with the Company's strategy to accelerate its digital growth in international markets and strengthen its position as a diversified Indian multinational FMCG enterprise. The transaction does not constitute a related party transaction, and neither the Promoter nor the Promoter Group has any interest in the target entity.

Bonorizon operates in the FMCG and consumer products sector. The transaction is expected to be completed within 90 days from the execution of definitive agreements, subject to customary closing conditions. No regulatory approvals are required.

The Company shall also have the option to acquire the remaining 49% stake after three years, subject to specified milestones, requisite approvals and agreed terms.

Bonorizon was incorporated on October 22, 2026, under the Companies Act, 2013, and is headquartered in Mumbai, India. Its turnover is not applicable considering its recent incorporation.