The stock market is experiencing a lot of volatility and action following a global trade war escalated by US President Donald Trump. If you’re unsure which stock to focus on in Wednesday’s trade? Here are updates on all the stocks making headlines. You can check these stocks to stay informed about all the key developments.
Earlier on Tuesday the NSE Nifty 50 closed the session 374 points or 1.69% higher at 22,536, while the BSE Sensex lost 1,089 points or 1.49% to close at 74,227.
Stocks to watch on April 09, 2025
Indian Oil Corporation
Indian Oil Corporation will invest more than Rs 61,000 crore in setting up a mega petrochemical complex at Paradip in Odisha. The aim is to meet the rising demand for petrochemicals in India. The company signed a memorandum of understanding (MoU) with the Government of Odisha, committing to invest Rs 61,077 crore in the complex.
Vedanta
Vedanta is considering bringing down its proposed demerger into four units, from the originally planned six and later reduced to five, after a corporate tribunal blocked the spin-off of its power business, Talwandi Sabo Power (TSPL), reported ET citing sources familiar with the matter.
NBCC
NBCC (India) signed an MoU with RailTel Corp. to develop data-centre projects in India and overseas for five years. NBCC will provide project management consultancy services for the construction of data-centre buildings and related civil or passive infrastructure. RailTel will provide services related to planning, designing, supply, installation, testing, commissioning, operations, and maintenance for IT-related infrastructure for data centres.
NTPC Green Energy
NTPC Green Energy joined hands with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to incorporate a new company. The company’s name is NTPC-MAHAPREIT Green Energy, which will develop, operate, and maintain renewable energy parks across India. In the joint venture, NGEL holds a 74% stake and MAHAPREIT owns the remaining 26%.
ICICI Bank
Piramal Finance joined hands with ICICI Bank for a co-lending partnership to improve credit accessibility in rural and semi-urban regions. Its main focus is on home loans and loans against property. This collaboration will strengthen Piramal Finance’s position in India’s semi-urban regions, the NBFC firm said in a statement.
Power Finance Corporation
Power Finance Corporation (PFC) signed an agreement with MMRDA to give Rs 1 lakh crore to finance infrastructure projects. “The MoU seeks to establish a robust collaborative working partnership between MMRDA and PFC which envisages financial assistance up to Rs 1,00,000 crore by PFC for developing bankable infrastructure projects in the Mumbai Metropolitan Region (MMR),” read an exchange filing.
Vodafone Idea
Vodafone Idea converted its spectrum dues into equity. The company allotted Rs 36,950 crore worth of equity shares to the Government of India. Now, the government has emerged as the largest shareholder in Vodafone Idea, holding a 48.99% stake. The allotment involved 3,695 crore equity shares of Rs 10 each, issued at par.
Concord Biotech
Concord Biotech received marketing approval from the US FDA for its teriflunomide 7 mg and 14 mg tablets. Teriflunomide tablets are used for the treatment of patients with relapsing forms of multiple sclerosis.