NIFTY50 above 22,800, SENSEX rallies over 1,700 pts in noon deals; BEL, IndiGo, Infosys among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the positive territory during the afternoon session of the first trading day of the 2026-27 financial year (FY27), i.e., Wednesday, April 1, after opening with notable gains in the morning.

The market was bolstered by positive global cues, amid signs of a potential de-escalation in the West Asia conflict. Furthermore, Brent crude oil prices declined by over 5% to trade below $100 per barrel (bbl).

The SENSEX rallied by as many as 2,017.03 points to an intraday high of 73,964.58. Meanwhile, the NIFTY50 touched the session’s peak of 22,941.30.

At 1:06 PM, the S&P BSE SENSEX soared by 1,841.92 points, or 2.56%, to 73,789.47. NSE’s NIFTY50 stood at 22,870, marking a 538.60-point, or 2.41% jump.

On Monday, the foreign institutional investors (FIIs) sold shares worth ₹11,163.06 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹14,894.72 crore on a net basis, according to exchange data.

The stock market observed a trading holiday on Tuesday, March 31, on the occasion of Mahavir Jayanti.

Buzzing stocks on April 1: Check list

Escorts Kubota Limited posted a 6.6% growth in its agri machinery business in March 2026, selling 12,119 tractors, compared to 11,374 tractors sold in March 2025.

Mahindra & Mahindra’s auto sales for the month under review stood at 99,969 vehicles, marking a growth of 21%, including exports.

Ola Electric announced that its monthly registration stood at 10,117 units during the month (as per VAHAN), up from 3,973 units in February, reflecting over 150% M-o-M growth.

Hyundai Motor India Ltd achieved total monthly sales of 69,004 units in March 2026, including domestic sales of 55,064 units and exports of 13,940 units, marking its highest-ever tally for domestic sales for March since its inception.

Shares of Maruti Suzuki, Hyundai Motor India, Bajaj Auto, Hero MotoCorp, Tata Motors, Tata Motors PV, and Ashok Leyland, among others, are also in focus ahead of sales data release.

Shares of capital market companies, including BSE, Angel One, Groww and MCX, were in the spotlight after the Reserve Bank of India (RBI) extended the new, increased capital requirement rules to July 1.

The core regulation focuses on the de-leveraging of the relationship between banks and brokers. Under the new regulatory framework, banks can now provide credit facilities on a fully secured basis.

Secondly, the brokers need to provide 50% collateral to the bank for bank guarantees, out of which 25% should be in cash or cash equivalents.

Furthermore, the higher securities transaction tax (STT) on futures and options (F&O) comes into effect today. During the Union Budget, Finance Minister Nirmala Sitharaman had increased the STT on futures to 0.05%, from 0.02% previously. She also hiked the STT on the options premium to 0.15%, from 0.1%.

Aviation stocks, including InterGlobe Aviation (the parent company of IndiGo) and SpiceJet, advanced on Wednesday.

This comes as the price of aviation turbine fuel (ATF), or jet fuel, more than doubled to a record ₹2.07 lakh per kilolitre on Wednesday; however, domestic airlines will not have to pay the steep increase, as a mechanism is in works to shield them, as per a PTI report.

The fuel price has been hiked, it stated, citing the surge in global oil prices linked to the widening West Asia conflict as the reason. The ATF price in Delhi was hiked by ₹110,703.08 per kilolitre, or 114.5%, to Rs 207,341.22 per kl, according to state-owned fuel retailers.

Furthermore, IndiGo on Tuesday announced the appointment of William Walsh, a pilot and current chief of the global airlines' grouping IATA, as its next CEO. The appointment comes less than three weeks after the sudden exit of Pieter Elbers against the backdrop of massive operational disruptions at the airline in December last year.

Shares of defence companies, including Hindustan Aeronautics (HAL) and Garden Reach Shipbuilders (GRSE), advanced on the National Stock Exchange (NSE), following their latest business updates and order wins.

In its press release dated March 31, 2026, HAL said it recorded a revenue of ₹32,250 crore (provisional and unaudited) for the financial year ended March 31, 2026, as against the revenue of ₹30,981 crore during the previous year.

GRSE said that, sustaining its strong growth momentum, the company recorded the highest annual turnover in its history for FY 2025-26, amounting to ₹6,400 crore (Provisional & Unaudited), as against ₹5,076 crore in FY 2024–25. The shipyard has also declared an interim dividend of 129% of paid-up share capital against 89.5% in FY 2024–25.

The stock of Bharat Electronics (BEL) rallied as much as 7.3% to touch an intraday high of ₹430.20 per equity share on Wednesday, April 1, after the defence PSU firm bagged an additional order. The company also reported record turnover of ₹26,750 crore in FY26.

The company on March 31 said it has secured additional orders worth ₹6,795 crore since the last disclosure on March 30, 2026.

In a separate filing on April 1, the Navratna Defence PSU said it has achieved a turnover of around ₹26,750 crore (provisional and unaudited) during the financial year 2025-26 against the previous year's turnover of ₹23,024 crore, registering a growth of 16.2%.

Shares of Zaggle Prepaid Ocean Services gained as much as 17.25% to the session’s peak of ₹219.80 per unit on the NSE, as it projected consolidated growth of around 40% for FY27.

Furthermore, it estimated its standalone revenue growth for the new fiscal year to be between the range of 25% and 30%.

In a separate regulatory filing dated March 31, the firm stated that it entered into a five-year agreement with Fanuc India Private Limited.

Under the terms of the agreement, the company will provide Zaggle Save, an employee expense management and benefits program, to Fanuc India Pvt Ltd.

Tejas Networks’ shares climbed as much as 8.94% to hit their intraday high of ₹420.80 apiece on April 1, after the company signed a memorandum of understanding (MoU) with IIT Gandhinagar.

In a regulatory filing, the company disclosed that it has signed an MoU with IIT Gandhinagar to collaborate in exploring advanced telecom research areas aligned with national priorities.

Infosys stock advanced 4.18% to touch an intraday high of ₹1,303 per equity share on the NSE, as the Indian IT services firm received assessment orders from the Income Tax Department.

Infosys, in a regulatory filing on March 31, said the orders were received on March 26 and March 27, 2026, for Assessment Years 2018–19 and 2017–18, respectively, and on March 31, 2026, for Assessment Years 2013–14, 2019–20, 2020–21, and 2021–22.

Shares of Bharat Coking Coal rose as much as 6.81% to the day’s peak of ₹31.85 apiece, as the company said it had approved the proposal for the revision of the modulated price for coking coal and washed coal products.

The company said its committee of functional directors (CFDs) approved the proposal on March 31, 2026. The revision is based on WPI indexation, with an indexation of 0.24% over the last year, and will be effective from April 1, 2026.

The revised pricing applies to coking coal and washed coal products, including washed power coal, slurry and rejects, linked to the NRS Linkage Auction Tranche VI and subsequent tranches, as well as to supplies under the single-window mode agnostic e-auction mechanism.