Sensex, Nifty Post Strong Gains Ahead of RBI Policy Decision

Market Performance

On April 8, Indian stock markets rebounded sharply, ending a three-day losing streak. The Sensex rose by 1,089.18 points, or 1.49%, closing at 74,227.08. The Nifty also saw a strong recovery, climbing 374.25 points, or 1.69%, to finish at 22,535.85. This rise followed a significant market correction on April 7 that erased nearly Rs 16 lakh crore in market capitalization. All 13 sectoral indices advanced by approximately 2%, indicating broad-based buying.

The India Volatility Index (India VIX), which reflects investor sentiment and market volatility, declined by more than 10%, settling near the 20 mark after a dramatic increase of 66% in the previous session.

Both BSE Midcap and Smallcap indices outperformed in the broader markets, gaining 1.87% and 2.18% respectively. On the BSE, 3,095 stocks advanced, 866 declined, and 122 remained unchanged. Around 52 stocks hit their 52-week highs, while 54 stocks touched their 52-week lows.

Main News

Investors remained careful ahead of the Reserve Bank of India’s policy announcement expected on April 9. Market sentiment was also affected by concerns surrounding global trade tensions, which continue to create uncertainty. The threat of retaliatory tariffs among significant economies has raised fears of a broader economic slowdown.

IT stocks led the rebound after facing steep declines in previous sessions. Companies such as TCS, Infosys, HCL Tech, and Wipro posted intraday gains of up to 4%, just ahead of the March quarter earnings season. Nifty IT, Realty, Pharma, and Bank indices each recorded gains of up to 2%.

Oil marketing companies saw notable gains following the government’s decision to increase domestic LPG prices and special excise duties on petrol and diesel. This move is expected to aid these firms' recovery of around Rs 9,000 crore in FY26.

Company Details

Info Edge reported a strong performance in the January-March quarter of FY25, with standalone billings rising 19% to Rs 983.8 crore, up from Rs 826.9 crore in Q4FY24. The company’s shares rose nearly 5%, trading at Rs 6,684 during the afternoon session. For the full fiscal year FY25, standalone billings amounted to Rs 2,881.7 crore, compared to Rs 2,495.9 crore in the previous year.

Keystone Realtors posted Q4 sales bookings of Rs 854 crore, showing a modest increase from Rs 843 crore in the same quarter last year. For FY25, total sales bookings rose 34% to Rs 3,028 crore from Rs 2,266 crore a year earlier.

Mazagon Dock Shipbuilders recorded a provisional and unaudited turnover of Rs 10,775.34 crore for FY25, up from Rs 9,466.58 crore in FY24.

Godrej Properties reported its highest-ever quarterly bookings of Rs 10,163 crore for Q4FY25, reflecting a growth of 87% over the previous quarter and 7% year-on-year.

TANFAC Industries shares gained 4% following an upgrade in its credit rating due to improved revenue and profitability.

Titan Company reported expectations of a 25% year-on-year growth in standalone revenue for Q4, driven by strong performance in higher-value jewelry segments. Its share price rebounded from a 52-week low to become the top gainer on the Sensex.

Bank of Maharashtra announced a 15.33% increase in total business to Rs 5,47,159 crore for Q4FY25, while total deposits rose by 13.45% to Rs 3,07,152 crore. The bank’s stock rose 4.88% following the update.

Paisalo Digital disclosed plans to raise Rs 2,700 crore through various instruments, including equity shares and convertible bonds. The company’s shares rose 1% following the announcement.

Info Edge, Titan Company, Shriram Finance, Cipla, and Bharat Electronics emerged as the top gainers on the Nifty. Power Grid Corporation was the only stock among Nifty components to end lower.

Summary

Indian markets rebounded strongly on April 8 after recent losses, driven by a broad-based rally across sectors. Sentiment improved ahead of the RBI’s interest rate decision and amid a global market rebound. Gains were especially notable in the IT, realty, and pharmaceutical sectors. Companies like Info Edge, Titan, and Godrej Properties posted firm business updates, which boosted their stock performance. Despite positive domestic cues, global tariff tensions and economic uncertainties continue to weigh on the broader outlook.