HPCL, IndiGo, Tata Chemicals among buzzing stocks, as NIFTY50, SENSEX recover from day's low

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the red despite being off their intraday lows during the afternoon session on Monday, April 13, amid weak global cues and a sell-off in realty, oil & gas, and auto stocks. Investor sentiment was impacted amid a surge in oil prices, as the US-Iran ceasefire talks failed.

The SENSEX tanked as much as 2.17% to hit an intraday low of 75,868.32. Meanwhile, the NIFTY50 slumped as much as 2.06% to touch the session’s low of 23,555.60.

However, the indices were off the day’s lows in the noon session. At 2:02 PM, the S&P BSE SENSEX dropped by 532.82 points, or 0.69%, to 77,017.43, while NSE’s NIFTY50 was trading at 23,891.40, marking a 159.20 points, or 0.66% decline.

Buzzing stocks on April 13: Check list

Shares of oil-sensitive stocks saw a sharp decline on Monday, April 13, as global crude oil prices soared past the $100 per barrel (bbl) mark after the US-Iran talks fell through over the weekend. Shares of oil marketing companies (OMCs), such as BPCL, HPCL, and IOCL, fell by 5%.

The NIFTY oil & gas index fell as much as 2.7% to touch an intraday low of 10,893.55 on Monday. Out of the index’s 15 constituents, 11 were trading in the red, while the remaining four advanced at the time of writing.

In the aftermath of the failed negotiations between the two countries, US President Donald Trump said that the United States was planning on blockading the Strait of Hormuz. These developments sent crude oil prices surging globally.

Meanwhile, the government over the weekend hiked the windfall tax to ₹42 a litre on aviation fuel from an earlier ₹29.5 a litre. Previously, on March 26, the government had imposed an export duty of ₹21.50 a litre on diesel and ₹29.50 a litre on ATF. The duties were levied to increase domestic availability of the fuel amid the war in West Asia.

In a note on the oil and gas sector, analysts at Nomura said the war risk premium is back as peace talks come to a stall. Furthermore, they added that oil supplies might come under pressure should the US forces complete the blockade of the Strait of Hormuz, which might result in incremental crude oil supply loss of 2.3 million barrels per day (mpbd).

The stock of fertiliser makers, including Coromandel International, Fertilisers and Chemicals Travancore, Chambal Fertilisers, Deepak Fertilisers, Rashtriya Chemicals and Fertilisers, National Fertilisers, Madras Fertilisers, and Nagarjuna Fertilisers, were trading with a negative bias on April 13.

Sulfuric acid prices have been rising since the start of the Iran conflict, as the effective closure of the Strait of Hormuz blocks sulphur shipments from the Middle East, where it’s a product of oil and gas refining. The region produces one-third of the world’s sulphur, the report added.

Shares of aviation firms like IndiGo operator InterGlobe Aviation and SpiceJet were trading mixed in the early session on Monday, April 13, as the government increased the export duty, or windfall tax, on aviation fuel ATF.

The stock of InterGlobe Aviation, the parent company of IndiGo, declined as oil prices surged past the $100 per barrel mark, after the United States and Iran failed to reach an agreement on ceasefire talks over the weekend.

Tata Chemicals' share price skyrocketed as much as 12.14% to an intraday high of ₹773.70 per unit on the National Stock Exchange (NSE) in the early trade on Monday, April 13, amid Tata Sons listing buzz.

Last week, SP Group Chairman Shapoorji Pallonji Mistry again pressed for the listing of Tata Sons, saying it is not merely a regulatory compliance but a necessary evolution in the public interest, reposing faith in the government and RBI to "act decisively" on the matter.

In a statement, Mistry said the SP Group has "full faith in the government of India and the Reserve Bank of India to act decisively" on the matter of the listing of Tata Sons -- the holding company of the coffee-to-cars-and-software conglomerate.

The stock of Jyoti CNC Automation slipped 15.5% to touch an intraday low of ₹691.9 per equity share on April 13, after the company said its material subsidiary, Huron Graffenstaden SAS, and a few of the employees are facing investigation from French authorities.

The investigation follows suspicions that Jyoti CNC Automation’s indirect wholly owned subsidiary, Huron Graffenstaden SAS, exported certain machines with dual-use technology in alleged violation of European Union laws.

Jyoti CNC Automation said that, while it awaits a formal outcome of the ongoing investigation, it has been informed of certain interim measures taken by French authorities. These include temporarily restricting the Director General of Huron Graffenstaden SAS from discharging duties related to the company and the interim seizure of certain bank accounts of Huron Graffenstaden SAS amounting to around EUR 4.0 million.

Shares of Vedanta Ltd gained as much as 1% to the session’s peak of ₹752 apiece on the NSE, as Vedanta Aluminium, on Friday, signed MoUs with two companies for setting up their manufacturing facilities in the upcoming Vedanta Aluminium Park in Odisha's Jharsuguda.

The MoUs were signed by Singhal Steel & Power Pvt. Ltd and SCOT-AL Metcon Pvt. Ltd.

Puravankara stock rallied as much as 11.65% to an intraday high of ₹218 per equity share on Monday, April 13, as the real estate firm reported a 190% year-on-year (YoY) surge in its sales to ₹3,547 crore in Q4FY36, compared to ₹1,225 crore in the year-ago period.

In its Q4 updates, the company recorded total collections of ₹1,213 crore, reflecting a 36% YoY jump from ₹892 crore for the March quarter of FY25.