SENSEX tanks over 1%, NIFTY50 below 22,400 in noon deals; IndiGo, V-Mart, Airtel among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued their downtrend during the afternoon session on Thursday, April 2, as US President Donald Trump’s national address snapped hopes of a possible de-escalation of the conflict in West Asia in the upcoming weeks.

Brent crude oil prices were hovering above the $105 per barrel mark, following Trump’s address.

The SENSEX tanked by as many as 1,588.51 points to touch an intraday low of 71,545.81. Meanwhile, the NIFTY50 reached the session’s low of 22,182.55.

At 12:58 PM, the indices were off the day’s low, with the S&P BSE SENSEX trading 1,091.65 points, or 1.49% lower at 72,042.65. The NIFTY50 stood at 22,349.95, reflecting a 329.45 points, or 1.45% drop.

On Wednesday, the foreign institutional investors (FIIs) sold shares worth ₹8,331.15 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹7,171.80 crore on a net basis, according to exchange data.

The stock market will be closed on April 3 on the occassion of Good Friday.

Shares of Eternal, which lost 4.83%, contributed to the decline of the NIFTY50 index. It was followed by Asian Paint (-3.10%), Eicher Motors (-2.90%), State Bank of India (-2.86%), and Adani Enterprises (-2.71%), which were among the top losers.

On the contrary, the top gainers included HCL Technologies (0.82%), ITC (0.57%), Dr. Reddy's Laboratories (0.48%), Wipro (0.37%) and Tata Consultancy Services (0.13%).

Buzzing stocks on April 2: Check list

The NIFTY Pharma index was trading 368.25 points or 1.67% lower at 21,643.35.

Oil-sensitive stocks were trading lower on Thursday, as crude oil prices pared their losses from Wednesday to hover above $105 per barrel (bbl), after hopes for a US-Iran war halt faded with US President Donald Trump's national address.

Trump said the U.S. will “hit Iran extremely hard” over the next two or three weeks during a national address on Wednesday, while adding that the war won’t last long and discussions with Tehran “are ongoing", leaving a diplomatic resolution on the table.

Shares of Interglobe Aviation (IndiGo) fell as much as 5% to an intraday low of ₹3,970 apiece on the National Stock Exchange (NSE) on Thursday, April 2, as it announced revised fuel charges ranging from ₹275 to ₹10,000, which will push airfares higher for many domestic and international flights amid the rise in jet fuel prices.

The announcement from Indigo on Wednesday comes on a day when the aviation turbine fuel (ATF) prices were revised, and the government decided to only partially hike the price by 25% for the domestic flights.

The stock of V-mart Retail rallied as much as 13.2% to touch the session’s peak of ₹547 per equity share, as the company shared a business update for the March quarter.

In a regulatory filing, the retail firm said its total revenue from operations for the quarter stood at ₹971 crore compared to ₹780 crore in the corresponding quarter of the previous year, reflecting a year-on-year (YoY) growth of 24%.

Its same-store sales growth (SSSG) was at 12% for the quarter, including V-Mart Retail’s at 12% and Unlimited's at 9%.

Bharti Airtel shares slipped 2% to touch an intraday low of ₹1,746.90 per unit on the NSE, amid a sell-off in the broader market as the company maintained its lead in subscriber growth for the third month in a row.

The telecom firm added over 48.5 lakh net new customer additions in February, according to Trai data released on Wednesday. The company pipped its rival Reliance Jio in net subscriber addition in the wireline segment as well during the reported month.

The total telecom subscriber base grew by 73.1 lakh in February to an all-time high of 132.13 crore, according to the monthly subscribers’ report released by the Telecom Regulatory Authority of India (Trai).

The stock of Powerica Ltd made a weak debut on the stock exchanges on April 2. It started trading at ₹366 apiece on the National Stock Exchange (NSE), reflecting a discount of 7.34% against the IPO issue price of ₹395 per unit.

On the BSE, the scrip listed at ₹375, down 5.06% from the issue price.

A lot consisted of 37 shares. Investors who received the Powerica IPO allotment saw their investment value drop to ₹13,542 per lot.

Sai Parenteral's shares made a tepid secondary debut on Thursday, April 2, 2026. The stock listed at ₹400 per share on the National Stock Exchange (NSE), reflecting a premium of 2.04% compared to the issue price of ₹392 per share.

On the BSE, the scrip started trading at ₹405, up 3.32% from the issue price.

A lot consisted of 38 shares. Investors who received Sai Parenteral's IPO allotment made ₹15,200 per lot. The ₹408.79 crore IPO was a mix of a fresh issue of shares aggregating to ₹285 crore and an offer-for-sale (OFS) of ₹123.79 crore.