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  1. SENSEX, NIFTY recover from day's low in afternoon session; Wipro, IEX, Reliance Industries, Trent among buzzing stocks

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SENSEX, NIFTY recover from day's low in afternoon session; Wipro, IEX, Reliance Industries, Trent among buzzing stocks

Ahana Chatterjee - image.jpg

7 min read | Updated on April 06, 2026, 15:06 IST

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SUMMARY

Shares of IEX jumped 4.5% to touch an intraday high of ₹124.80 apiece on Monday as the company achieved the highest-ever electricity traded volume of 141 BU in FY26

FSN E-Commerce Ventures shares jumped 4% to touch an intraday high of ₹255.50 apiece on Monday as the company delivered a strong performance in Q4 FY26. Image: Shutterstock

FSN E-Commerce Ventures shares jumped 4% to touch an intraday high of ₹255.50 apiece on Monday as the company delivered a strong performance in Q4 FY26. Image: Shutterstock

The Indian equity benchmark indices recovered from their day’s lows to trade positive in the afternoon session on Monday, April 6, supported by gains in consumer durables, realty, and PSU bank stocks. Market investors also gained confidence after a report from Reuters said Iran and the United States have received a plan to end hostilities that could come into effect on Monday and ‌reopen the Strait of Hormuz.
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At 1:05 PM, the S&P BSE SENSEX was up 118.33 points, or 0.16%, at the 73,437.88 level, while NSE’s NIFTY50 was trading at the 22,779.70 level, rising 66.60 points, or 0.29%.

Reliance Industries shares were the biggest laggard, losing 4.41%, followed by ONGC (-2.21%), JSW Steel (-2.08%), InterGlobe Aviation (-1.89%) and Max Healthcare (-1.43%).

On the flip side, Trent (6.49%), Titan Company (3.19%), Coal India (2.33%), Axis Bank (1.86%) and Shriram Finance (1.63%) were the top gainers on the NIFTY50 index.

Buzzing stocks on April 6: Check list

Wipro: Shares of Wipro advanced as much as 3.2% to ₹201.18 apiece on the NSE on Monday as the company announced that it has secured a multi-year strategic transformation deal with Olam Group.

Olam Group, according to a press release by Wipro, is a leading US$50 billion+ food and agribusiness headquartered in Singapore, employing nearly 40,000 people and majority-owned by Temasek Holdings. The eight-year engagement with Olam Group is expected to exceed USD 1 billion in contract value, with a committed spend of USD 800 million.

Aurobindo Pharma: The stock surged 2% to an intraday high of ₹1,357.90 as Aurobindo Pharma announced a share buyback programme on Monday.

The pharma major said its board has approved the share buyback of up to 5,423,728 fully paid-up equity shares of the company, each having a face value of ₹1, representing up to 0.93% of the total number of equity shares in the paid-up equity share capital of the company.

The price for the same is set at the price of ₹1,475 per equity share (“Buyback Price”) payable in cash for an aggregate amount up to ₹800 crore with a record date of April 17, 2026.

Reliance Industries: Shares of billionaire Mukesh Ambani-backed Reliance Industries fell as much as 3.72%, its biggest single-day fall since January 6, to hit an intraday low of ₹1,300 on the National Stock Exchange (NSE).

Reliance Industries, the owner of the world's largest crude oil refining facility, saw its shares fall on exchanges after the price of crude oil in the international markets spiked above the psychologically important level of $110 per barrel on Monday amid escalating tensions in the Middle East.

Ola Electric Mobility: Bhavish Agarwal-led firm’s shares surged 7.2% to touch an intraday high of ₹30.40 apiece on Monday after the company secured PLI certification for Roadster X+ 4.5 kWh.

In a regulatory filing on April 3, Ola Electric Mobility said it has received the certification for compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for its Roadster X+ 11 kW 4.5 kWh from the Global Automotive Research Centre (GARC) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme).

Adani Power: Shares rose as much as 3.2% to an intraday high of ₹165.1 apiece on Monday as the firm bagged an order from Maharashtra State Electricity Distribution Company.

The Adani Group firm, in a regulatory filing on April 2, said it has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Co. Limited for the supply of 2,500 MW RE RTC power.

Nykaa: FSN E-Commerce Ventures shares jumped 4% to touch an intraday high of ₹255.50 apiece on Monday as the company delivered a strong performance in Q4 FY26 with consolidated GMV growth expected to be in the late twenties.

The firm, in a statement, said its consolidated net sales value (NSV) growth is expected to be higher in the early thirties, while the consolidated net revenue growth is likely to be in the late twenties, marking the highest growth in the last 12 quarters. “This strong performance came on the back of acceleration in the fashion vertical along with sustained strong performance of the beauty vertical,” Nykaa added.

With this, Nykaa’s consolidated NSV growth for the full year FY26 is expected to accelerate to the late twenties, up from mid-twenties growth seen in the last two years. Its net revenue for the financial year is expected to improve to the upper end of the mid-twenties, reflecting consistently healthy performance across all verticals.

IEX: Shares of Indian Energy Exchange (IEX) jumped 4.5% to touch an intraday high of ₹124.80 apiece on Monday as the company achieved the highest-ever electricity traded volume of 141 BU (billion units) in FY26, a 17% year-on-year (YoY) increase driven by strong performance in the real-time electricity market.

In financial year 2025-26, a total of 187.20 lakh renewable energy certificates were traded in IEX, marking a 5% year-on-year increase, according to a statement.

For the January-March quarter of FY26, IEX achieved its highest-ever quarterly electricity traded volume of 39.4 BU, marking a 24.3% YoY increase. A total of 71.70 lakh renewable energy certificates were traded during the quarter, marking a 6.1% YoY increase.

Trent: Shares of Westlife and Zudio retail stores operator firm rose as much as 7% to hit an intraday high of ₹3,804 on NSE after the company announced its quarterly business update.

Trent on Monday said that its revenue in the last quarter of the previous financial year (Q4 FY26) rose 20% annually to ₹4,937 crore from ₹4,106 crore in the same period last year. For financial year 2025-26, Trent's revenue jumped 18% annually to ₹19,701 crore as against ₹16,668 crore in the previous financial year.

The company noted that its revenue from the sale of merchandise (excluding other operating income) grew by 21% and 19% during the quarter and the year ended March 2026, respectively.

Senco Gold: Shares of the jewellery retailer rose nearly 14% to an intraday high of ₹329 apiece on Monday after the company’s strong business growth update for the quarter ended March 31, 2026, and the financial year 2025-26.

In its Q4 FY26 business update, Senco Gold said it achieved a wedding season-led growth of 46% year-on-year. The Q4 topline consists of same-store sales growth (SSSG) of 34%. During the fourth quarter, the company launched seven stores, taking the total store count to 201. The current network now comprises 102 COCO and 85 FRN (FOFO-76 & FOCO-9) stores, 12 Sennes stores and two in Dubai.

"The wedding season in the quarter was spread across the whole quarter, and to cater for this, we launched new designs, collections and attractive offers. Valentine's Day and International Women's Day drove strong growth in footfall, particularly in our gifting and lightweight segments," it said in an exchange filing on April 4.

NMDC: Shares of the iron ore-producing company surged over 5% to an intraday high of ₹82.29 apiece on Monday after it increased the prices of iron ore by up to 11.1%. NMDC has increased the prices with effect from April 5, 2026.

NMDC has reported a record production of 53 million tonnes (MT) of ore in the just-concluded 2025-26 financial year. The company's total sales of iron ore, a key raw material for steel manufacturing, reached 50.23 MT.

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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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