HG Infra, Zee Ent, Rajesh Exports among buzzing stocks as SENSEX falls over 400 pts, NIFTY below 23,300

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the red zone during the afternoon session on Monday, June 8, amid a sell-off in the Asian stock markets, particularly a crash in the Korean market. Furthermore, investor sentiment was also impacted by the latest attacks between Israel and Iran and continued foreign investment outflow.

The SENSEX crashed as much as 1.25% to touch an intraday low of 73,318.94. Meanwhile, the NIFTY50 touched the session’s low of 23,070.15.

While the indices were off their day’s low, they continued to trade in the negative territory. At 12:46 PM, the S&P BSE SENSEX dropped by 406.55 points, or 0.55%, to trade at 73,836.79, while NSE’s NIFTY50 stood at 23,243.10, marking a 123.60 points, or 0.53% decline.

The Korean stock market was in focus after the benchmark index, KOSPI, triggered a circuit breaker level for the third time in the past one year, dropping over 8% in the morning market hours. After dropping to its low, the trading was suspended for a brief window in an effort to contain profit booking and outflows as the sharp drop in technology stocks weighed down investor sentiment among Asian equities.

On Friday, the foreign institutional investors (FIIs) sold stocks worth ₹8,776.25 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹9,133.57 crore on a net basis, according to exchange data.

Buzzing stocks on June 8: Check list

Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) were trading in the red, despite an increase in the price of domestic cooking gas LPG.

The price has been raised by ₹29 per cylinder, marking the second increase in three months as state-owned fuel retailers continue to grapple with elevated global energy costs. The price of a 14.2-kg LPG cylinder in Delhi will rise to ₹942 from ₹913, effective June 7.

The increase follows a ₹60-per-cylinder hike on March 7 after the conflict in West Asia disrupted global energy supplies and drove up international fuel prices. News agency PTI, quoting industry sources, said the increase had only partially offset losses incurred from domestic LPG sales.

The stock of Zee Entertainment advanced as much as 4.39% to hit an intraday high of ₹117.20 apiece on the National Stock Exchange (NSE) on Monday, June 8, after the company said its board will meet on June 10 to consider fundraising.

"...we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, June 10, 2026, inter alia, to consider raising of funds by issue of equity shares and/or other securities convertible into equity shares, in one or more tranches, through permissible modes, including but not limited to private placement / preferential issue, or any other method or combination of methods,” Zee Entertainment said in a regulatory filing on June 6.

Further, the proposed fundraiser will be undertaken on terms and conditions as may be decided by the company’s board. The plan will be subject to necessary approvals, including those from shareholders and relevant regulatory and statutory authorities.

Tata Steel shares declined over 2% in the early trade on Monday, June 8, 2026, as the steel major may have to defer the timeline of its 1.25-billion-pound UK project for transitioning to a low-carbon steel-making process by six to eight months, as the company is facing delays in "securing access to electricity".

As part of its decarbonisation plan, Tata Steel is setting up the UK's largest low-carbon EAF (electric arc furnace) project of 3.2 million tonnes capacity at Port Talbot with 1.25 billion pounds of investment to replace its now-shut blast furnace plant of similar capacity.

Before experiencing delays in securing power access, the company was looking to begin operations of the EAF project by late 2027 or early 2028.

Sigma Advanced Systems' stock dropped 4.9% on Monday, June 8, amid a broader market sell-off, despite the defence company securing a ₹208 crore export order from a client in North America, according to an exchange filing.

As per the NSE filing, the defence company will manufacture and supply 40,000 units of artillery shell bodies to its North American client as part of the ₹208 crore export contract.

“Sigma Advanced Systems has been awarded an export contract valued at $21.97 Mn (nearly ₹208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a customer in North America,” the company informed the stock exchanges.

The contract is scheduled to be executed over six months as the company aims to carry out production and delivery in the same window.

Shares of Rajesh Exports fell nearly 5% on the NSE on Monday, June 8. This comes after the company Rajesh Exports on Sunday said it had already submitted 300-400 gigabytes of documents to markets regulator SEBI but believed the watchdog had been unable to locate the correct files, adding that the company would resubmit all sought documents within 15 days to resolve the matter.

Mehta explained the alleged error using a jewellery shop analogy. In a high-volume, low-margin gold bullion business such as Rajesh Exports, a customer buying 2 grams of gold at a showroom would receive a bill of ₹30,000, which constitutes the revenue.

The stock of Reliance Infrastructure hit 5% upper circuit at ₹85.84 per unit on the NSE on Monday, June 8, after it said that, through its subsidiaries, undertaken certain enabling steps to incorporate AI and related technology-driven activities within its business framework.

It added that pursuant to the incorporation of AI, relevant objects covering Artificial Intelligence and technology-enabled services have been incorporated, including the adoption of the new names of the subsidiaries, such as Reliance AI World Private Limited, Reliance AI Apex Private Limited, and Reliance AI One Private Limited.

Besides this, the company said it submitted a formal request to the market regulator and exchanges, seeking a review of the surveillance framework linked to the Insolvency and Bankruptcy Code (IBC).

Reliance Infrastructure has sought a review of the Additional Surveillance Measure (ASM) framework and the related trading restrictions on its shares, citing their adverse impact on its more than 7 lakh public shareholders. The company further emphasized the need to ensure that market mechanisms continue to facilitate fair price discovery and maintain investor confidence.

Shares of H.G. Infra Engineering rallied 10% on Monday, June 8, after it received the provisional completion certificate for executing the ₹4,970.99 crore Ganga Expressway project in Uttar Pradesh.

“The Provisional Completion Certificate, received on June 05, 2026, was issued by Adani Road Transport Limited vide its letter dated May 30, 2026, declaring the project fit for commencement of commercial operations,” according to a regulatory filing dated June 6.

The stock of Adani Ports was trading in the negative territory despite securing a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export, marking its entry into South America and expanding its international marine services footprint.

The contract has been awarded to APSEZ's step-down subsidiary, The Adani Harbour International FZCO, through a consortium with Argentina-based Meridian Group following a global competitive tender process conducted by Southern Energy S.A. (SESA).

"The award strengthens APSEZ’s presence across international energy logistics value chains and underscores its growing capabilities in specialised marine services," the company said in its press release.