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India’s benchmark indices, Sensex and Nifty, surged around 1.5 percent, breaking a three-day loss streak. The rebound follows the sharp sell-off on April 7 that wiped out Rs 16 lakh crore in market capitalization.
At close, the Sensex was up 1,089.18 points or 1.49 percent at 74,227.08, and the Nifty was up 374.25 points or 1.69 percent at 22,535.85.
Jio Financial, Shriram Finance, Titan Company, Cipla, and Bharat Electronics were among the major gainers on the Nifty, while the only loser was Power Grid.
All the sectoral indices ended in the green with Capital Goods, Consumer Durables, FMCG, Oil and Gas, PSU, Realty, Telecom, and Media up 2-4 percent.
Broader indices ended higher as, BSE Midcap index rose 1.8 percent and the Smallcap index added 2 percent.
STOCKS TODAY
IGL
Shares of Indraprastha Gas Ltd (IGL) slipped 5 percent on Tuesday on reports of the Delhi government recommending the phasing out of CNG-driven autorickshaws in the national capital. The government is currently in support of EV, which in turn has a negative impact on CNG which is supplied by IGL. All the CNG auto-rickshaws above 10 years old will be mandatorily replaced or retrofitted to be run on batteries during the policy period.
Cyient
A leading global engineering and technology solutions company, on April 8, announced the launch of its fully owned semiconductor subsidiary, Cyient Semiconductors. Cyient Semiconductors will focus on scaling Application-Specific Integrated Circuit (ASIC) turnkey solutions for customers. This strategic move strengthens the company’s commitment to innovation and excellence across the global semiconductor landscape.
Macrotech Developers
Shares of Macrotech Developers, the operator of realty player Lodha, gained in the morning session on April 8, following the company’s positive report for the quarter. In its fourth-quarter update, Macrotech Developers Lodha reported sales worth Rs 4,810 crore, surpassing their estimate of Rs 4,700 crore.
Jio Financial Services
The shares of Jio Financial Services increased by nearly 6 percent on April 8 after the company announced a swoop into the digital loans against securities through one of the consumer-facing subsidiaries, Jio Finance. Now, the customers will be able to leverage their investments like shares and mutual funds to avail loans up to Rs 1 crore in just 10 minutes through the Jio Finance app.
Info Edge
Shares of Info Edge, the parent company of the famous job portal Naukri.com, hiked nearly 5 percent after the company reported a 19 percent rise in standalone billings during the January- March quarter of the financial year 2025. Despite today’s gains, the shares of the company have fallen over 2 percent in the past 5 days.
Source – Money Control
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