Stock market today: The bulls made a remarkable comeback on Tuesday, April 8, a day after the financial markets across the globe tumbled like a pack of cards.
Indian markets, too, were seeing a stellar rally.
At 01:33 PM, the S&P BSE SENSEX was trading at 74,780.27, up 1,642 points, or 2.25%, while the NSE's NIFTY50 index was trading at 22,665.80, up 504.20 points, or 2.28%.
Here is a list of stocks that are buzzing in today's trade.
Pharma stocks: Shares of pharma companies rallied in trade. The NIFTY PHARMA index was trading 2.27% higher at 20,449.40 levels.
Out of 20 components, 19 were trading in the green. The sentiment got a boost after, according to news reports, global broking firm Goldman Sachs has initiated coverage on two pharma stocks —
Suven Pharma Ltd and Piramal Pharma Ltd.
For Suven Pharma, the broking firm said it expects a strong rebound and structural growth in the current financial year, thanks to continued traction in its three to five drugs, including Empagliflozin, Finerenone and Antibody Drug Conjugates (ADCs), and potential approval of new drugs or indications, such as Zeongertinib, Nerandomilast, etc., among others.
Piramal Pharma is well-placed within its coverage to deliver top-quartile profit growth driven by very high operating financial leverage, said a report by
CNBC-TV18.
IT stocks: IT stocks were trading with impressive gains. The NIFTY IT index was trading 3.18% higher. The rally came after nearly an 8% plunge in the past five sessions.
Mphasis was trading 5.13% higher at ₹2,209.95, followed by Infosys, up 4.05%, and LTIMindtree, up 4%.
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Titan Company: Shares of Titan Company, one of the constituents of the NIFTY50 index, surged as much as 6.78% to ₹3,227.25 apiece on the NSE on Tuesday, April 8, as the company shared its Q4 business update last evening.
Titan Company registered around 25% year-on-year (YoY) growth in standalone revenue for the quarter and around 21% for the financial year. Titan's (consolidated) retail network grew by 72 stores (net) in the quarter to reach 3,312 stores.
READ MOREIOC, HPCL, BPCL: Shares of oil marketing companies (OMC) advanced on Tuesday, April 8, after the government increased the cooking gas (LPG) price by a steep ₹50 per cylinder.
This increase in the ₹50 hike in LPG, according to news reports, is likely to aid OMCs as they are expected to recover around ₹9,000 crore in FY26. This will offset the ongoing losses the companies are suffering.
Last seen, IOC was trading 1.88% higher at ₹130.50 apiece on the NSE, while Hindustan Petroleum Corp was trading 3.67% higher at ₹365.75. Bharat Petroleum Corporation shares were trading 3.4% higher at ₹283.
READ MOREJewellery stocks: Jewellery stocks rose on Tuesday after gold prices decreased by ₹280 to ₹90,543 per 10 grams in the national capital.
The precious metal of 24 karat had closed at ₹90,823 per 10 grams on Monday.
Shares of PC Jeweller rose 8.77% to ₹13.65 apiece on the National Stock Exchange (NSE). Kalyan Jewellers shares were trading 1.1% higher at ₹491.8 on the NSE. Intraday, it rose as much as 3.84% to ₹505 per unit.
READ MOREGodrej Properties: Shares of Godrej Properties were trading 3.13% higher at ₹1,986.40 apiece on the BSE, as the company announced its highest-ever quarterly and full-year bookings.
In an exchange filing, the company said its booking value grew 87% quarter-on-quarter (QoQ) and 7% year-on-year (YoY) to ₹10,163 crore in the fourth quarter of the financial year 2024-25 by selling 3,703 homes.
Sales in the January- March quarter were driven by strong demand in key projects such as Godrej Riverine in Noida, Godrej Astra in Gurugram, and Godrej Madison Avenue in Hyderabad.
Delhivery: Shares of Delhivery fell as much as 8% to ₹247.10 apiece on the BSE.
The logistics service provider announced that its board of directors approved the acquisition of Ecom Express Limited for a cash consideration of ₹1,407 crore in a meeting held on Saturday, April 5.
Delhivery will become a majority stakeholder by acquiring 99.4% of Ecom Express’s paid-up share capital of ₹427.33 crore on a fully diluted basis.
Ecom Express Ltd, a logistics solution provider, has a total authorised share capital of ₹2,400 crore.
Vijaya Diagnostic Centre: The stock was trading at ₹979.70, up 9.62% on the BSE. Vijaya Diagnostics Centre Limited is a leading diagnostic Medicare services provider in Southern India and offers comprehensive services.
Indo Count Industries: Shares of the small-cap company were trading nearly 10% higher at ₹273.80 apiece on the BSE.
Bank of Maharashtra: Shares of Bank of Maharashtra (BoM), a public sector lender, rallied as much as 4.88% to ₹45.75 apiece on the BSE on Tuesday, April 8, after the bank said it has registered a credit growth of 17.84% at ₹2.40 lakh crore in the January-March quarter (Q4 FY25).
The bank said its outstanding credit was ₹2.03 lakh crore at the end of March 31, 2024, BoM said in a regulatory filing.
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