POST MARKET
The Indian equity markets came under pressure on April 9, dragging Nifty 50 below the 23,700 mark and snapping its five-day gaining streak, amid selling in financial stocks.
At close,
Sensex ↓ down 931.25 points or 1.20 percent at 76,631.65
Nifty ↓ down 222.25 points or 0.93 percent at 23,775.10.
About 2054 shares advanced, 2046 shares declined, and 126 shares were unchanged.
Top losers – L&T, Interglobe Aviation, Eternal, Shriram Finance, Jio Financial
Top gainers – Dr Reddy’s Labs, Hindalco, Bajaj Auto, Bharat Electronics, Max Healthcare.
On the sectoral front, oil & gas, PSU Bank, Auto, Infra, Consumer Durables, Media, and Private Bank shed between 0.3-2%, while metal, power, pharma added 0.6-1%.
Nifty Midcap index added 0.3% and Smallcap index ended on a flat note.
STOCKS IN NEWS
Ola Electric Mobility
Shares of Ola Electric Mobility surged over 19 percent on Thursday. A key trigger for the surge is the company’s announcement of its in-house developed Lithium Iron Phosphate (LFP) cell. The company has achieved readiness of its indigenous 46100 LFP cell. The 46100 format LFP cell is larger than the current NMC 4680 Bharat Cell and marks a significant improvement in scale, cost efficiency, and applicability across mobility and energy storage solutions
Hindustan Petroleum Corp
Shares of oil marketing company, Hindustan Petroleum Corporation Ltd (HPCL), declined almost 2 percent on Thursday as investors remained cautious amid renewed geopolitical concerns and uncertainty over the resumption of regular flow at the Strait of Hormuz.
Honasa Consumer
Shares of Honasa Consumer, the parent of Mamaearth, rose over 5.68 percent, on the back of strong Q4 business updates. In its Q4 business update released on Thursday, April 9, the company said it expects to deliver a robust performance in Q4 FY26.
L&T
Shares of Larsen & Toubro Ltd fell almost 3 percent on Thursday, partially giving up yesterday’s sharp gains, even as brokerage firm CLSA remained positive on the stock after the company emerged as the preferred bidder for a large NTPC-linked order.
FACT
Fertiliser stock Fertilisers And Chemicals Travancore (FACT) rose almost 5 percent, after the Centre announced a higher subsidy to offset rising input costs linked to the ongoing West Asia crisis.
Source – Moneycontrol
