SENSEX up 4%, NIFTY50 above 23,950 in noon deals post RBI policy; L&T, Infosys, IndiGo, LIC among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued to trade with exceptional gains on Wednesday, April 8, as the Reserve Bank of India (RBI) Governor Sanjay Malhotra, at a media address, said that the six-member Monetary Policy Committee (MPC) has unanimously decided to keep the short-term lending rate (repo) unchanged at 5.25%.

Furthermore, oil prices fell to below $95 per barrel after US President Donald Trump said that the United States reached a two-week ‘double-sided ceasefire’ deal with Iran in the sixth week of the US-Iran conflict.

The indices opened with a gap-up opening on April 8. The SENSEX surged as much as 4% to an intraday high of 77,605.40. Meanwhile, the NIFTY50 rallied as much as 3.8% to touch the session’s peak of 24,014, reclaiming the 24,000 mark for the first time since March 10.

At around 12:33 PM, the S&P BSE SENSEX was trading 2,692.10 points or 3.61% higher at 77,308.68. The NSE’s NIFTY50 stood at 23,918.85, up by 795.20 points or 3.44%.

On Tuesday, the foreign institutional investors (FIIs) sold stocks worth ₹8,692.11 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹7,979.50 crore on a net basis, according to exchange data.

Buzzing stocks on April 8: Check list

Shares of rate-sensitive companies, such as auto, real estate, and the financial sector, were trading with gains on Wednesday, April 8, as the RBI decided to keep the policy rate unchanged at 5.25%.

Following the repo rate announcement, the Nifty Auto index surged over 7%, the NIFTY Bank zoomed 5%, the NIFTY Financial Services index advanced past 5%, and the NIFTY Realty gained 7%.

Stocks of crude oil-sensitive sectors such as oil marketing companies (OMCs), paints, tyres, upstream companies, and aviation were trading with impressive gains on Wednesday, as crude oil prices in the global market dropped to under the $95 per barrel (bbl) level during the early market hours.

Crude oil prices fell after US President Donald Trump announced a two-week ‘double-sided ceasefire’ deal with Iran in the sixth week of the US-Iran conflict.

US President Donald Trump, in a Truth Social post, announced that based on the conversations with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, he decided to put a hold on the “destructive forces” which were set to attack Iran at the end of Tuesday, 8 pm (EDT) deadline to open the Strait of Hormuz.

Shares of Angel One gained over 6% on the National Stock Exchange (NSE) on Wednesday, amid broader bullishness in the markets owing to de-escalation in the West Asia conflict. Furthermore, the shares are also in focus after robust business updates for March, Q4 and FY26.

The company witnessed strong growth across Q4 and FY26, with slightly muted growth in March, it said in a regulatory filing on April 8.

On a monthly basis, the total client base till March 2026 stood at 37.3 million, up by 1.3% vs February 2026.

The gross client acquisition declined 10.7% MoM from 0.57 million to 0.50 million. In comparison to the previous year, the same month, the total client base increased from 31.2 million to 37.3 million, up 20% YoY.

The stock of Life Insurance Corporation of India (LIC) rallied as much as 8.13% to an intraday high of ₹803.60 per equity share on the NSE on Wednesday, April 8.

This comes as the company is slated to hold a board meeting on Monday, April 13, to consider and recommend a proposal for the issue of bonus shares.

Shares of InterGlobe Aviation, the parent company of IndiGo, were locked in 10% upper circuit at ₹4,695.60 per unit on the NSE on Wednesday, April 8, after crude oil prices dropped below $100 per barrel in global markets.

IndiGo shares came under buying interest after crude oil prices dropped in global markets after the United States and Iran agreed to a two-week ceasefire.

Infosys stock jumped as much as 2.8% to an intraday high of ₹1,376.90 per equity share in early trade on the NSE, a day after it entered into a strategic partnership with AI software delivery platform company Harness for agentic AI-led software delivery transformation for enterprises globally.

“This collaboration aligns the combined capabilities of Infosys Topaz Fabric and Infosys Cobalt with the Harness Software Delivery Platform to drive improvements in productivity, software engineering, AI governance, and time-to-market at scale,” Infosys said in a statement.

Infosys Topaz Fabric is a purpose-built agentic services suite—a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable, agent-ready ecosystem.

Shares of Larsen & Toubro (L&T) soared as much as 8.3% to the session’s peak of ₹4,032 per unit on April 8, amid de-escalation in hostilities in the Middle East, as US President Donald Trump said that the United States and Iran have agreed to a two-week ceasefire.

The Middle East is a key market for L&T, accounting for over one-third of its order book.

During the conflict, companies faced logistics issues, supply chain disruptions, and delays. A ceasefire would ease these bottlenecks, helping projects move faster and improving revenue visibility.

The stock of P N Gadgil Jewellers surged 6% as the company announced its business updates for Q4 and FY26.

The company posted a 40% YoY increase in its reporting revenue in FY26 to ₹10,744 crore. In Q4 FY26, its total revenue jumped by 124% YoY to ₹3,552 crore, compared to ₹1,587 crore in the year-ago period, driven by strong demand during the wedding and festive season.