NIFTY50 below 23,900, SENSEX slumps 1% in noon session; Bosch, HFCL, NTPC, TCS among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the negative territory during the afternoon session on Thursday, April 9, weighed down by selling in banking, financial services and tourism stocks.

The SENSEX slumped as much as 1.21 to touch an intraday low of 76,624.35. Meanwhile, the NIFTY50 reached the session’s low of 23,759.45.

While the indices were off the day’s low, they continued trading in the red zone. At 12:40 PM, the S&P BSE SENSEX declined by 643.09 points, or 0.83%, to 76,919.81, while NSE’s NIFTY50 stood at 23,862.35, reflecting a 135-point, or 0.56% drop.

On Wednesday, the foreign institutional investors (FIIs) sold stocks worth ₹2,811.97 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹4,168.17 crore on a net basis, according to exchange data.

Buzzing stocks on April 9: Check list

Shares of Tata Consultancy Services (TCS) surged as much as 1.6% to an intraday high of ₹2,599 apiece on the National Stock Exchange (NSE) on Thursday, April 9, ahead of its Q4 FY26 results announcement, scheduled for later today.

The IT major is expected to report low single-digit revenue growth of 2% to 4% QoQ and 7 to 8% YoY during the March quarter. The revenue is expected to remain between ₹69,100 and ₹69,850 crore.

It may report a 4 to 5% sequential rise in net profit and a 12 to 13% YoY rise. Net profit could remain in the range of ₹13,790 to ₹13,910 crore.

The stock of NTPC jumped as much as 2.58% to touch the session’s peak of ₹381.30 per equity share on Thursday, as the power giant signed a non-binding Memorandum of Understanding (MoU) with France-based Électricité de France (EDF) to explore cooperation in developing new nuclear power projects in India.

In a regulatory filing on April 8, the company said the MoU sets out a framework for both companies to jointly assess the feasibility and approach for collaboration, including evaluating EPR technology and its suitability for Indian requirements.

NHPC shares advanced as much as 2.4% to an intraday high of ₹78.54 per unit on the NSE on April 9, as the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved an investment of ₹26,069.50 crore for the Kamala Hydro Electric Project (HEP) in Arunachal Pradesh.

The company stated that the investment proposal was cleared for the construction of the 1,720 megawatt (MW) Kamala HEP at Kamle in the Kra Daadi & Kurung Kumey districts of Arunachal Pradesh.

The installed capacity of Kamala HEP is 1720 MW, and it is expected to generate 6,870 million units (MUs) of energy annually, according to a regulatory filing on Wednesday.

The project will be implemented through a Joint Venture Company (JVC) between NHPC Ltd and the Government of Arunachal Pradesh, with the central government extending budgetary support of ₹4,743.98 crore for flood moderation.

Bosch stock soared as much as 4.5% to the day’s peak of ₹37,570 per equity share on the NSE, a day after its board approved the acquisition of a 100% stake in Bosch Chassis Systems from Robert Bosch Investment Nederland BV, the Netherlands, and Robert Bosch LLC of the US for ₹9,068.68 crore.

The move positions Bosch Limited with a more comprehensive mobility portfolio, enabling it to better cater to the evolving demands of the domestic automotive sector, the company said.

Delhivery shares jumped 3.3% to hit an intraday high of ₹474.95 apiece on Thursday, as multiple investors collectively bought 1.6% stake in the company from the US-based venture capital firm Nexus Venture Partners.

The stake in Delhivery was purchased by Paris-based BNP Paribas (buying 11,40,000 shares), SBI Mutual Fund (MF) (45,75,000), Edelweiss MF (5,70,000), Nippon India MF (45,75,000), AlphaGrep Investment Management (5,70,000), and ICICI Prudential Life Insurance Company (5,70,000).

The shares were purchased at an average price of ₹442 apiece, taking the combined deal value to ₹530.40 crore on Wednesday, April 8, according to the block deal data available on the NSE.

Meanwhile, Nexus Venture Partners offloaded an equal number of shares, at the same trading price, through its two affiliates, Nexus Ventures III Ltd and Nexus Opportunity Fund Ltd.

The stock of KEC International surged as much as 8.69% to an intraday high of ₹616.95 apiece in early trade on the NSE, as it bagged multiple new orders worth ₹2,518 crore across various businesses.

In a regulatory filing dated Wednesday, the infrastructure EPC major revealed that it has secured orders across its civil, transportation, transmission & distribution (T&D), and cables & conductors businesses.

Shares of Honasa Consumer, the parent company of Mamaearth, rallied as much as 11.24% to ₹348.65 on Thursday, as it shared its Q4 business updates.

The company said that on a reported basis (adjusting for the change in revenue recognition policy by the Flipkart group), we expect the company to deliver growth in the early twenties in Q4 FY26.

“Our business is expected to deliver growth in the high twenties during Q4 FY26, driven by strong momentum across focus categories,” the company said in a statement.

It added that the growth figure is adjusted for changes in settlement by the Flipkart Group, which has led to a shift in revenue recognition for marketplace sellers like Honasa Consumer. The reported revenue also includes the consolidation of BTM Ventures Private Limited.

Himachal Futuristic Communication Limited (HFCL) stock rallied 8.2% to touch an intraday high of ₹81.40 apiece on Thursday, after the firm’s subsidiary bagged an order worth ₹1,366 crore.

HTL, a material subsidiary of HFCL, secured the order for the supply of optical fibre cables (OFC) from a renowned Tier-1 customer.

“These orders reaffirm the confidence reposed by our customers in the company's manufacturing capabilities, technological excellence, and product quality,” HFCL said in a statement.