Reliance Industries, MCX, Sun Pharma, DMart among others are gaining, despite broader market weakness; Here is why

Indian markets continued to trade deep in the red during the early afternoon session due to rising crude oil prices amid escalating tensions in the Middle East. Traders were concerned that rising crude prices are likely to fuel inflation. Hefty selling pressure in other Asian markets also forced domestic markets to trade lower.

The SENSEX traded at 76994, down by 1924 points or 2.44% and NIFTY50 traded at 23865, down by 585 points or 2.39%.

The top losing sectoral indices on the BSE were Auto down by 4.35%, PSU down by 3.74%, Bankex down by 3.71%, Oil & Gas down by 3.63% and Industrials was down by 3.35%, while there were no gaining sectoral indices on the BSE.

The market breadth consistently went in favor of declines with only 432 stocks sailing in green, while 2782 stocks plunged in red. Here are key stocks that are trading in green on Monday afternoon.

Reliance Industries

Shares of Reliance Industries, the oil-to-telecom conglomerate jumped 0.2% on Monday afternoon at ₹1,407 apiece on the NSE. The shares gathered positive momentum amid sharp rise in crude oil prices as company’s aiding for better refining margins for the quarter. Higher crude oil prices put pressure on the oil importer’s margins, but for the refiners like ONGC, Refiners improve drastically.

MCX

Shares of India’s leading commodity exchange, Multi Commodity Exchange, MCX jumped 1.8% on Monday afternoon as the crude oil prices posted on of the sharped daily gains. The sharp spike in the crude oil prices and the volatility in the gold and silver prices is expected to add strong turnover and trading to the commodity derivative contracts, further aiding margins.

Sun Pharma

Shares of leading Pharmaceutical major Sun Pharma were in focus as investors piled on to safe and defensive bets amid falling markets. The share price of Sun Pharma jumped 0.5% on Monday afternoon at ₹1,810 apiece on the NSE.

DMart

Shares of one of the leading retail outlets, DMart jumped over 1.2% on the NSE at ₹3,922 apiece despite broad based selling in the markets on Monday. Similar to Sun Pharma, investors increased their bets on the domestic-focused business amid gloomy external factors.

Emcure Pharmaceutical

Shares of a mid-cap pharmaceutical company, Emcure Pharmaceuticals, jumped over 7% after the company announced a change in management. The exchange filing said, “ based on the recommendation of the Nomination and Remuneration Committee, we hereby inform that the Board of Directors of the Company at its meeting held today i.e. Monday, March 09, 2026, has approved the appointment of Mr. C S Muralidharan as an Additional Director with effect from April 01, 2026, and as an Independent Director for first term of three consecutive years, with effect from April 01, 2026, subject to approval of Members of the Company”.