NIFTY50 above 24,200, SENSEX jumps over 500 pts in noon deals; Dixon Tech, Redington among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, advanced during the afternoon session on Tuesday, March 10, amid buying in consumer durables and capital market stocks. Investor sentiment improved as crude oil prices declined amid signals of a de-escalation in the West Asia conflict.

The SENSEX advanced by as many as 960.09 points to an intraday high of 78,526.25. Meanwhile, the NIFTY50 touched the session’s peak of 24,303.80.

At 12:58 PM, the S&P BSE SENSEX gained by 553.20 points, or 0.71%, to 78,119.35. NSE’s NIFTY50 stood at 24,224.85, reflecting a 196.80 points, or 0.82% jump.

On Monday, the foreign institutional investors (FIIs) sold stocks worth ₹6,345.57 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹9,013.80 crore on a net basis, according to exchange data.

Buzzing stocks on March 10: Check list

Oil prices dropped as the US President Donald Trump recently remarked on a potential de-escalation of the raging US-Iran conflict, which he said is to end “very soon.”

This comes a day after oil prices surged past the $100 a barrel mark, which had raised concerns about an increase in aviation turbine fuel (ATF), which comprises a significant part of airlines’ operating costs.

Brent crude oil futures for delivery in May had plunged as much as 11.02% to the session’s low of $88.05 per barrel, compared to the previous close of $98.96 per barrel.

The Federation of Hotel and Restaurant Associations of India (FHRAI) wrote to Minister of Petroleum and Natural Gas Hardeep Singh Puri, flagging "widespread disruption at the ground level".

FHRAI stated that several distributors are withholding supplies, citing a government order dated March 5.

Cupid Ltd stock surged as much as 4.64% to an intraday high of ₹95.85 per equity share on the National Stock Exchange (NSE) on Tuesday, March 10, on the day of its bonus issue allotment.

After receiving shareholder approval at its Extraordinary General Meeting held on February 24, Cupid’s board had fixed Monday, March 9, as the record date for the bonus share issue and Tuesday, March 10, as the date of allotment.

The stock turned ex-record date yesterday, Monday, March 9.

Under the proposal, eligible shareholders shall be allotted four fully paid-up equity shares of ₹1 each for every one existing fully paid-up equity share of ₹1 they own.

According to a Bloomberg report on Tuesday, Apple Inc. has increased its iPhone production in India by nearly 53% last year, which means now the company is making 25% of its total iPhones produced in India in an effort to pivot from China manufacturing.

Data suggests that Apple has assembled nearly 55 million iPhones in India in the year 2025, which is up from its previous levels of 36 million a year ago, reported the news agency, citing people aware of the development.

The stock of Dixon Technologies jumped as much as 7.4% to an intraday high of ₹10,530 apiece on the NSE, as the company secured approval for manufacturing display modules from the Ministry of Electronics and Information Technology.

According to the exchange filing, Dixon Display Technologies Private LTD (DDTPL), a wholly owned subsidiary of Dixon Technologies, will sell 26% stake in the subsidiary to HKC Overseas Ltd to team up in manufacturing display modules in India.

Dixon has received approval from the Ministry of Electronics and Information Technology, Government of India (“MEITY”) under Press Note 3 for investment by HKO in DDTPL pursuant to the Proposed Transaction.

Ramco Systems shares soared as much as 10.47% to an intraday high of ₹445 apiece on Tuesday, after it announced that it will implement its next-gen Aviation Software at the upcoming Defence MRO facility of Tata Advanced Systems Ltd (TASL), the strategic Aerospace and Defence arm of the TATA Group.

The new facility will specialise in Lockheed Martin’s C130J Super Hercules aircraft maintenance for the Indian Air Force, it said in a regulatory filing.

It added that under the initiative, it will deploy its integrated Aviation MRO platform across TASL’s operations, covering a broad suite of capabilities, including contract and quote management, maintenance planning, hangar and component maintenance, supply chain management, engineering and quality, along with customer billing.

The stock of Paras Defence declined despite securing a nearly ₹80.28 crore order from the Defence Research & Development Organisation (DRDO) to develop high-precision air defence optical systems.

As part of the deal, Paras Defence will develop and supply high-precision optical systems for air defence applications to the Ministry of Defence’s DRDO. The BSE filing also showed that the order update is expected to be executed within 18 months from the date of the supply order.

Shares of Park Medi World rose as much as 3.46% to an intraday high of ₹208.72 apiece, after its board of directors approved the launch of a multispecialty hospital in Panchkula. It shall commence its operations on March 29, 2026.

Furthermore, its board also approved the expansion of the bed capacity of Grecian Super Speciality Hospital, Mohali, by adding 150 beds to the existing bed capacity of 350 beds.