Overnight Digest: Stocks to Watch on April 09, 2026
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India’s markets surged as Nifty 50 and Sensex hit new highs - here’s a look at the top shares in focus tomorrow, driven by corporate acquisitions, price revisions, and record-breaking quarterly results.
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On Wednesday, April 08 2026, India’s benchmark indices, the Nifty 50 and the Sensex, extended their winning streak to five consecutive sessions, ending sharply higher. The rally was primarily driven by a steep decline in crude oil prices after U.S. President Donald Trump agreed to a two-week ceasefire with Iran.
Additionally, the Reserve Bank of India (RBI) kept the repo rates unchanged at 5.25 per cent while maintaining a neutral stance.
Nifty 50 recorded its biggest Intraday gains in the last 11 months. By the close, the Nifty 50 surged 873.70 points, or 3.78 per cent, to settle at 23,997.35. Meanwhile, the Sensex jumped 2,946.32 points, or 3.95 per cent, to end at 74,616.58.
The Bank Nifty outperformed the frontline indices, gaining 5.67 per cent to close at 55,703.90.
With these developments happening today, let’s take a look at the shares that will be in focus in tomorrow’s trading session:
Redtape Ltd has announced the acquisition of the internationally recognised sports footwear brand SPRANDI for India, Nepal, Bhutan and Sri Lanka. SPRANDI is a well-established global brand, with strong sales performance in international markets including China, Russia, the Middle East and CIS countries.
The company plans to launch SPRANDI in the Indian market soon, leveraging both online and retail channels, and expects to drive large volumes upon entry.
Redtape Ltd share price rose today, closing at Rs 121.23, up Rs 7.21, 6.32 per cent.
Hyundai Motor India Ltd has planned a price revision of up to 1 per cent across its car portfolio, effective May 2026. The increase has been attributed to rising input costs, including a combination of various cost escalations.
The extent of the price revision will vary depending on the model and variant. Hyundai emphasises that the company consistently endeavours to absorb rising costs to protect customers from price fluctuations. However, escalating input costs have necessitated a marginal price adjustment.
Hyundai Motor India Ltd share price gained, closing at Rs 1,778.90, up Rs 72.80, 4.27 per cent.
P N Gadgil Jewellers Ltd
P N Gadgil Jewellers Ltd delivered an exceptional performance in FY26, reporting revenue of Rs 10,744 crore, up 40 per cent year-on-year (YoY), marking a significant milestone in its growth journey. This strong performance was supported by an outstanding Q4, during which total revenue increased by 124 per cent YoY.
Retail Segment Performance:
The Retail segment recorded 102 per cent YoY growth in Q4 FY26, driven by strong demand during the wedding and festive season.
Non-Retail Segment Performance:
Franchise operations grew by 132 per cent YoY, while the E-commerce segment recorded a 67 per cent YoY increase, reflecting the company’s growing omni-channel presence.
P N Gadgil Jewellers Ltd share price increased, closing at Rs 615.95, up Rs 16.85, 2.81 per cent.
Max Healthcare Institute Ltd has approved the acquisition of a controlling stake in Kalinga Hospital Ltd (KHL), a 250-bed multi-speciality hospital in Bhubaneswar, Odisha. The company plans to enter into a share purchase agreement (SPA) to acquire approximately 58.39 per cent of KHL.
Additionally, the Board has approved loans of up to Rs 100 crore to KHL to support Construction, renovation, upgradation, equipment and other capital expenditure. The Board has also sanctioned the issuance of a corporate guarantee to banks and financial institutions for the refinancing of the existing promoter’s external commercial borrowings of USD 5 million, along with interest due thereon.
Max Healthcare Institute Ltd share price inched higher, closing at Rs 941.15, up Rs 8.75, 0.94 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.