After three days of losses, equity benchmarks rose sharply on Friday as the RBI kept the policy rate at a record low and maintained its accommodating stance, but warned of inflationary pressures over the Russia-Ukraine war. 

The BSE Sensex finished the day at 59,447.18, up 412.23 points or 0.70%. Similarly, the NSE Nifty finished at 17,784.35, up 144.80 points or 0.82%.

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Here are the key stocks that moved most during today’s trading session:

Dr Reddy’s Laboratories

The stock was up 2% at Rs 4,430 on April 8. Brokerage firm Morgan Stanley has kept an ‘overweight’ rating on Dr Reddy’s Laboratories with a target at Rs 5,202 per share, reported CNBC-TV18. The brand stickiness has been strong for methylprednisolone and estimated a USD 10-15 million sales opportunity for a company with a high margin, Morgan Stanley said.

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Orchid Pharma

The stock jumped 10 % to Rs 419 after the firm was recognised as a Three Star Export House by the Ministry of Commerce & Industry, Government of India and felicitated with a Three Star Export House Recognition Certificate in accordance with the provisions of the Foreign Trade Policy 2015-2020. The aforesaid certificate shall be valid for a period of five years. The aforesaid recognition will aid in easier facilitation of various export licensing norms, various export-related benefits and self-recognition among the category of export Houses.

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Hester Biosciences

The share price added over 3 % to Rs 2,805 after the company approved the execution of the Grantin-Aid Letter Agreement for a grant of Rs 600 million (in a phased manner) to the company by Biotechnology Industry Research Assistance Council (BIRAC), a Government of India enterprise to support COVID vaccine manufacturing under Mission Covid Suraksha.

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Bandhan Bank

The scrip added almost 3 % to Rs 25 on April 8. HDFC sold a 3 % stake in the lender through block deals. Shares of Bandhan Bank Ltd recorded a series of block deals on Friday with around 49.7 million shares or a 3 % stake in the bank changing hands in bunched trades, Bloomberg reported. HDFC is likely to have sold a part stake in Bandhan Bank as it had to sell the stake in the lender post the merger announcement, CNBC-TV18 reported quoting sources.

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Bharat Dynamics

The scrip spiked 15 % to Rs 715.85 as the government expands local procurement. Defence Minister Rajnath Singh released the third positive indigenisation list of 101 equipment and platforms, which the Services can procure only from the domestic industry. The list includes naval utility helicopters, light tanks, small Unmanned Aerial Vehicles, and anti-ship missiles, among others.