Dalal Street went bullish; Benchmark indices and Nifty bank index touched record highs; Most sectors closed green except IT and Media indices


The benchmark indices Nifty 50 and Sensex opened higher and sustained gains to scale fresh record highs on April 8.

At close, the Sensex was up 494.28 points or 0.67 percent at 74,742.50, and the Nifty 50 was up 152.60 points or 0.68 percent at 22,666.30.

Top Nifty gainers were Mahindra & Mahindra, Eicher Motors, Maruti Suzuki, and Reliance Industries, while losers were Wipro, LTIMindtree, Adani Ports, Nestle India, and Apollo Hospitals.

Among the sectors, the Nifty Bank index rose to a record high, surpassing the 48,700 mark for the first time while Auto, Energy, Infra, metal, and realty were the top gainers, up 1-2 percent, while the PSU bank, information technology, and media indices were down 0.5-1 percent.

Considering broader market indices, the BSE midcap and smallcap indices ended the day with marginal gains.


Godrej Properties: Shares of Godrej Properties surged 3 percent after the company announced it sold homes worth over Rs 3000 crore in Gurugram. The company sold over 1,050 units, worth more than Rs 3,000 crore, in three days in the Godrej Zenith project in Gurugram.

Som Distilleries: The Som Distilleries stock gained 3 percent after the company announced starting commercial production from additional capacity at its Karnataka plant. “After the increase, our capacity stands at 140 lakh cases of beer per annum from 90 lakh installed earlier,” the company said in a regulatory filing.

Nykaa: Nykaa parent FSN E- E-Commerce’s stock zoomed over 6 percent after the company stated that it anticipates a “high twenties” on-year growth in revenue during the March quarter. Nykaa also clocked in an “early 30s” growth in Gross Merchandise Value (GMV), which represents the total value of goods sold through its e-commerce platforms before any deductions.

Gland Pharma: Shares of Gland Pharma soared nearly 6 percent after the company received USFDA approval for Eribulin Mesylate injection. The product is expected to be the first generic approval on the market, and the company expects to launch it in the near term through its marketing partner.

Voltas: Shares of Voltas advanced nearly 6 percent after the company announced it sold 2 million units in FY24. This is the highest-ever sale of ACs by any brand in a financial year in India. The sales indicated a volume growth of 35 percent in the AC segment, the company said in a business update.

Adani Ports: The Adani Ports stock declined more than a percent after a large Rs 913-crore deal took place on the exchanges on April 8. Around 67 lakh shares, making up 0.3 percent equity in the company changed hands at an average of Rs 1,361 a share.

Exide Industries: Shares of Exide Industries rallied nearly 17 percent after Hyundai Motor Company and Kia Corporation announced a partnership with a homegrown battery maker for electric vehicle battery localization in India.