Market Overview: Key Stocks to Monitor on April 9 Amid Mixed Global Cues
Stocks to Watch today: TCS, Info Edge, ITC Hotels, Lupin, NHPC, KEC Intl
Business Standard
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Indian equity benchmarks, Sensex and Nifty, are set for a negative start on April 9 due to mixed global market signals and concerns over a US-Iran ceasefire. Key stocks to watch include Tata Consultancy Services, Info Edge, Lupin, and NHPC, which are reporting earnings and project developments.
- 01Sensex and Nifty expected to open lower due to global market cues.
- 02Info Edge reported a significant increase in billings for Q3FY26.
- 03Lupin received FDA approval for a new drug application.
- 04NHPC's Cabinet approval for a ₹26,069.50 crore hydroelectric project.
- 05ITC Hotels saw a large share sale by GQG Partners.
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On April 9, Indian equity benchmarks, the Sensex and Nifty, are anticipated to open lower, influenced by mixed signals from global markets. The early optimism surrounding a US-Iran ceasefire has waned, with concerns about potential violations affecting investor sentiment. As of 07:30 AM, GIFT Nifty Futures were down 105 points or 0.44%, trading at 23,994 points. Asian markets also reflected this downward trend, with South Korea's KOSPI falling 1.43%, Japan's Nikkei 225 down 0.71%, and Hong Kong's Hang Seng declining 0.88%. In contrast, US markets closed higher, with the S&P 500 rising 2.51%. Key stocks to monitor include Tata Consultancy Services (TCS), which is set to announce quarterly earnings, and Info Edge, which reported standalone billings of ₹1,057.1 crore for Q3FY26, up from ₹983.8 crore a year ago. Additionally, Lupin received approval from the US Food and Drug Administration (FDA) for its new drug application for Dapagliflozin and Metformin Hydrochloride tablets. NHPC's Cabinet Committee on Economic Affairs has approved an investment of ₹26,069.50 crore for the Kamala Hydro Electric Project in Arunachal Pradesh, expected to generate around 6,870 million units annually. Other notable mentions include ITC Hotels, where GQG Partners sold shares worth about ₹197 crore.
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The expected decline in stock markets may affect investor confidence and influence trading decisions. Homebuyers and investors should monitor stock performance closely, especially in sectors like technology and pharmaceuticals.
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