The equity benchmark indices on Thursday, March 6, were trading in the green during the afternoon trade amid a volatile session, supported by gains in the oil and gas and metal sectors. Outperformance by the broader market also added to the optimism.
Market sentiment also remained positive following the global cues as investors cheered the likely easing of trade tensions between the US and major trading partners.
At 12:45 PM, the S&P BSE SENSEX was trading at 74,033.71, advancing 303.48 points, or 0.41%, while the NSE's NIFTY50 index was at 22,447.50, rising 110.20 points, or 0.49%.
Here is a list of stocks that are buzzing in today's trade.
Reliance Industries: Shares of Reliance Industries (RIL) surged as much as 1.9% to ₹1,198.35 apiece on the NSE on Thursday, March 6, after Jefferies, the global investment bank and financial services company, released its report on the oil-to-telecom conglomerate.
Jefferies said that RIL's underperformance compared to the benchmark NIFTY50 index is due to a slowdown in retail and subdued earnings in the O2C business.
In the past 12 months, RIL's stock price has fallen 21%, while the NSE's NIFTY50 index has slipped less than 1%. Moreover, shares of the company (as of Wednesday's close) are trading 37% lower from its all-time high level of ₹1,608.80, touched on July 8, 2024.
Read moreAsian Paints: Shares of crude oil-linked companies such as aviation, paints, tyres, and oil marketing companies were trading with decent gains on Thursday, March 6, amid a decline in crude oil prices.
Among them, Asian Paints was one of the top gainers during the day. During the intraday trade, the scrip was trading 3.41% higher on NSE at ₹2,238.05 apiece. It was one of the biggest contributors on the 50-share index.
The price of Brent crude has plunged 6.5% in the previous four sessions, dropping to its lowest since December 2021 on Wednesday, while WTI fell 5.8% over the same period to its lowest since May 2023.
Read moreOla Electric: Ola Electric Mobility shares were in focus after the company announced that it had laid off 1,000 employees. The company's shares have seen a steep correction since touching record highs in August 2024. After a muted debut on the exchanges, the shares nearly doubled from the listing levels in just seven trading days.
On Thursday, the scrip was trading 1.12% lower on the National Stock Exchange at ₹56.30 apiece.
Read moreRoute Mobile: Shares of cloud communications platform service provider Route Mobile soared nearly 12% on Thursday after the company announced a partnership with telecommunications firm Nokia.
The stock rose as much as 11.87% to ₹1,120 per share on the NSE. At 9:57 am, it was trading 8.23% higher at ₹1,083.55 per unit.
Proximus Global, the promoter of Route Mobile Ltd, has announced that it will partner with Nokia to offer network API solutions to support developers in creating new applications for enterprises.
Read moreHindustan Zinc: Hindustan Zinc shares on Thursday, March 6, rose almost 3% during the morning trade as the company board will meet on March 10 to consider fundraising via non-convertible debentures (NCD) on a private placement basis.
At 10:27 AM, shares of the company were trading at ₹423.20 per share, advancing 2.91%.
“…we hereby inform you that a meeting of the committee of directors of the company (‘Committee”) is scheduled to be held on Monday, March 10, 2025, inter alia, to consider and evaluate proposals for raising funds through the issue of listed non-convertible debentures on a private placement basis, subject to market conditions,” the company said in a statement to the stock exchanges.
Read moreGensol Engineering: Shares of Gensol Engineering, the construction engineering company, slipped another 10% on Thursday, March 6, after the company addressed credit downgrades.
The company's statement failed to allay investors' concerns.
The stock is down over 34% in one week (as of the March 5 close), per BSE data.
Shares of the company came under pressure after rating agencies CARE and ICRA recently downgraded the company's credit ratings.
Read moreAdani Enterprises: Shares of Adani Enterprises, the flagship company of the Adani Group, will be in the spotlight on Thursday, March 6, as Abu Dhabi-based IHC Capital Holding on Wednesday sold more than 84 lakh shares of Adani Enterprises for ₹1,832 crore through open market transactions.
Diversified group IHC Capital Holding, through its subsidiaries—Green Vitality RSC and Green Energy Investment Holding RSC—offloaded 84.48 lakh shares, or a 0.73% stake, in Adani Enterprises, as per the block deal data on the BSE.
At 12:19 PM, Adani Enterprises shares were trading at ₹2,253.75 apiece on the NSE, rising 0.35%.
Read moreLIC Housing: Shares of state-run housing finance company LIC Housing Finance Ltd rose on Thursday after the company's board approved a borrowing budget of more than ₹1.22 lakh crore for the financial year 2025-26.
In the early trade, the stock climbed as much as 2.24% to ₹532.25 apiece on the National Stock Exchange (NSE). At 9:27 am, it was up 1.79% to ₹529.85 apiece.
In an exchange filing, the company said its Board of Directors approved the borrowing budget worth ₹1,22,500 crore for FY26 "through loans and/or the issue of redeemable non-convertible debentures/zero couponed bonds/subordinate debt/upper tier II bonds/commercial paper/external commercial borrowing/bonds/foreign currency bonds/securitisation by private placement/public issue/refinance from NHB in one or more tranches/deposits from public, corporate, trusts and any other mode of borrowing."
Read moreCastrol India: Shares of Castrol India surged 11.34% to an intraday high of ₹247.55 apiece on the National Stock Exchange (NSE) on Thursday, March 6. The price rose sharply a day after a Bloomberg report stated that Saudi Aramco is considering a potential bid for British Petroleum’s (BP) lubricant business Castrol.
Saudi Aramco is in the process of analysing whether it should bid for all parts of BP’s lubricant business or just those which operate under Castrol, people familiar with the matter told Bloomberg.
The report said that Armaco might consider combining the Catrol Business with its Valvoline lubricants unit which it purchased for $2.65 billion in 2023.
Mukka Proteins: Shares of animal protein company Mukka Proteins rose nearly 10% on Thursday after the company bagged orders worth ₹44.28 crore.
The stock rose as much as 9.56% to ₹36.2 apiece on the National Stock Exchange (NSE). At 11:43 am, it was trading at ₹34.87 per unit, reflecting an increase of 5.54%.
In an exchange filing, the company informed that it has received purchase orders worth ₹44.28 crore from Avanti Feeds Ltd, Mukka Proteins Vietnam Co Ltd, and Padma Feed & Chicks Ltd for the supply of fish meal and oil.
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