Hindustan Copper, Shiprocket, PVR Inox among buzzing stocks as SENSEX slumps over 450 pts; NIFTY trades below 23,700

The Indian benchmark indices, SENSEX and NIFTY50, continued their downward trend during the afternoon session on Tuesday, September 8, amid a sell-off in banking stocks and a surge in global crude oil prices.

The SENSEX declined as much as 0.71% to hit an intraday low of 75,594.98. Meanwhile, the NIFTY50 fell as much as 0.6% to touch the session’s low of 23,637.75.

At 12:58 PM, the S&P BSE SENSEX slumped by 467 points, or 0.61%, to stand at 75,665.81, while NSE’s NIFTY50 was trading at 23,659.50, reflecting a 119.65-point, or 0.50%, drop.

The NIFTY50 index was weighed down by ICICI Bank, Axis Bank, UltraTech Cement, Reliance Industries (RIL) and SBI Life Insurance Company, which were among the top losers.

On the flip side, the top gainers included Bharat Electronics Ltd (BEL), Hindustan Unilever (HUL), Nestle India, Apollo Hospitals Enterprises and ITC Ltd.

Buzzing stocks on September 8: Check list

Shares of defence equipment manufacturers such as Hindustan Aeronautics (HAL), Bharat Electronics (BEL), and BEML traded with impressive gains on Tuesday, September 8.

This is because the defence ministry on Monday approved the acquisition of military hardware for the three services, including radars, advanced light helicopters and mechanical mine layers at an estimated cost of ₹1.10 lakh crore to boost the military's overall combat prowess.

The procurement proposals were cleared by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh.

Shares of Hindustan Copper gained as much as 5.5% to hit an intraday high of ₹537 apiece on the National Stock Exchange (NSE) on Tuesday, September 8, as copper prices hit a record high.

Copper prices climbed to a record high as the prospect of additional US tariffs coincided with output disruptions at major mines.

US benchmark three-month copper on the London Metal Exchange (LME) rose as much as 0.8% intraday to $14,533 a tonne on September 7, according to Bloomberg and other outlets. The rise took prices above the previous record of $14,527.50 set in January.

The stock of GE Vernova T&D India rallied as much as 8.9% to touch the session’s peak of ₹4,755 per equity share on September 8, after the company said it has emerged as the L1 bidder for a Power Grid Corporation of India project.

The project involves the design and establishment of a 6,000 MW, ±800 kV HVDC LCC terminal station for evacuating renewable power from Barmer II in Rajasthan to South Kalamb in Maharashtra.

The project involves two 3,000 MW terminal stations and will be executed over multiple years.

Shiprocket shares rallied as much as 6.8% to reach an intraday high of ₹144.50 per unit during Tuesday’s trading session, as investors focused on the company’s shrinking April to June quarter net losses for the fiscal year 2026-27, due to strong support from revenue growth in the period.

Shiprocket’s management attributed the healthy Q1 performance to the company’s two growth engines, namely the performance of its core business and the emerging business in the period under review.

As per the official release, the company launched a new and improved RADAR, which is an AI-powered courier intelligence platform, an AI Ads platform, and an appointment-based delivery system in the June quarter.

Symphony stock climbed as much as 13.9% to hit an intraday high of ₹653 per equity share, as it proposed a plan to expand its India product portfolio through a calibrated and phased entry into room air conditioners, BLDC ceiling fans, and air purifiers segments.

The company said that the proposed expansion is expected to broaden its addressable market in India through adjacent consumer-durable categories with long-term growth potential, according to a regulatory filing.

Shares of Biocon Ltd advanced as much as 2.17% to hit an intraday high of ₹399.90 apiece on the NSE, as the company secured a 10-year supply contract for Pertuzumab in Brazil.

According to a regulatory filing, the company signed a partnership agreement with Bahiafarma and Bionovis for Pertuzumab in Brazil.

As per Biocon, the partnership marks an “important milestone” in advancing production and commercialisation of the HER2-positive breast cancer therapy under Brazil’s Productive Development Partnership (PDP) program.

Pertuzumab is a monoclonal antibody used in the treatment of HER2-positive breast cancer. Currently, Brazil does not manufacture the product locally, and it is a significant expense for the country's Unified Health System (SUS).

The consortium of Biocon, Bahiafarma and Bionovis received a 100% allocation under Brazil's 10-year PDP program for Pertuzumab, the filing read.

PVR INOX shares rose as much as 7.4% to touch an intraday high of ₹1,243 apiece on Tuesday, September 8, after the company shared its updated dates for the upcoming buyback plans.

In a regulatory filing, the multiplex operator said that it has filed its Letter of Offer dated September 7, 2026, in relation to the buyback of securities. The buyback will now open on September 10, 2026, and close on September 17, 2026.

Earlier, the company had fixed September 4 as the record date for the buyback. The company’s board of directors had approved the proposal for a buyback of equity shares up to ₹300 crore, on a proportionate basis, through the tender offer route.

The stock of Sterlite Technologies hit its 5% upper circuit on the NSE on September 8, as the broadband technology company on Monday said it aims to grow its revenue manifold to ₹20,000 crore by FY29.

Sterlite Technologies Ltd (STL) posted its consolidated revenue from operations of ₹4,745 crore in the financial year 2025-26, according to a regulatory filing.

"Today, we are very proud to announce Lakshya, STL's growth ambition for FY29. Under Lakshya, we're targeting 20,000 crore revenue by FY29, while building STL into one of the largest global players for digital connectivity," STL Managing Director Ankit Agarwal said in an investor meet held on September 3.

Shares of Rays of Belief Ltd, which operates under the Mom's Belief brand, debuted at ₹239 apiece on the NSE on Tuesday, September 8. This represents an at-par listing alongside the IPO's issue price of ₹239 per share.

In line with the NSE listing, the company's shares were listed on the BSE at a price of ₹239 per share, at par with the issue price, marking neither a premium nor a discount before the trading session began in the open market, according to the exchange data.

After listing at par with the issue price, NSE data showed that Rays of Belief shares declined around 5% during the morning market hours, to touch an intraday low of ₹227.32 apiece during Tuesday's market, in comparison to the ₹239 per share upper price band of the IPO.

Shares of Deepa Jewellers, a B2B jewellery company, made a strong debut listing at a premium over the fixed IPO issue price on the stock exchanges on Tuesday, September 8, 2026.

The company's stock started trading at ₹221 per share on the NSE, reflecting a premium of nearly 25% over the IPO issue price of ₹177 per share. On the BSE, it is listed at ₹221.05 per unit, up 24.89% from the upper price band of the initial public offering, according to the exchange data.