Overnight Digest: Stocks to Watch on April 08, 2026
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Nifty and Sensex extend gains amid geopolitical tension, with Phoenix Mills, Prince Pipes, and Ola Electric in the spotlight tomorrow.
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India’s benchmark indices, the Nifty 50 and the Sensex, ended higher on Tuesday, April 7, marking their fourth consecutive session of gains. The Nifty 50 gained 155.40 points, or 0.68 per cent, to settle at 23,123.65. The Sensex jumped 509.73 points, or 0.69 per cent, to end at 74,616.58.
Investors are now awaiting the outcome of the Reserve Bank of India’s Monetary Policy Committee meeting, scheduled for Wednesday.
After markets closed today, US President Donald Trump issued a stark ultimatum to Iran via Truth Social, warning that “a whole civilisation will die tonight, never to be brought back again” if Tehran fails to comply with his demands. Trump said he didn’t want such an outcome but suggested it was likely, underlining the severity of the standoff.
A 48‑hour deadline, originally tied to reopening the Strait of Hormuz or making a deal, is set to expire in the early hours of tomorrow morning (about 05:30 am IST / 00:00 ET), putting markets on edge as geopolitical risk peaks.
With this in mind, let’s take a look at the stocks likely to remain in focus in tomorrow’s trading session:
During FY26, PML delivered an all-time high retail consumption of ~Rs 16,578 crore, achieved entirely from the existing portfolio, with no new mall additions. The office portfolio scaled up meaningfully, with gross leasing of over 2.2 msft, driving significant occupancy improvement across the entire platform. Hospitality performance remained resilient despite a tougher operating environment, while residential sales more than doubled year-on-year.
Phoenix Mills Ltd closed at Rs 1,597.00, up by Rs 42.30.
2. Prince Pipes and Fittings Ltd
Prince Pipes and Fittings Ltd (PPFL) had earlier announced the Asset Purchase Agreement on March 20, 2024, structured in two phases. The first phase included the acquisition of the Aquel brand along with moulds, dies and related intellectual property, enabling the Company to initiate the integration of the bathware portfolio within its product offering.
Accordingly, the Company today announced the completion of the second phase of the Asset Purchase Agreement (APA) with Klaus Waren Fixtures Private Ltd, relating to the acquisition of identified assets of Klaus Waren Fixtures Private Ltd.
Prince Pipes and Fittings Ltd ended the day at Rs 228.40, gaining Rs 1.21.
Ola Electric has today announced the readiness of its in-house developed Lithium Iron Phosphate (LFP) cell*, marking a key milestone in its mission to accelerate electric mobility and establish a full-stack energy ecosystem. Developed as part of Ola’s vertically integrated battery innovation efforts, the new 46100-format LFP cell is larger than the current NMC 4680 Bharat Cell and represents a significant step forward in scale, cost efficiency, and suitability across both mobility and energy storage applications. It will begin to be incorporated into Ola’s products from the next quarter.
Ola Electric Mobility Ltd fell to Rs 28.83, down Rs 0.36.
Disclaimer: The article is for informational purposes only and not investment advice.