Top gainers and losers today: Stocks that moved the most on April 9

Benchmark indices reflected the tariff-related volatility, ending in the red but off lows amid RBI's rate cut and a continued weakness in global cues, reflecting investor cautiousness.

Sensex closed 379.93 points or 0.51 percent lower at 73,847.15, and the Nifty was down 136.70 points or 0.61 percent at 22,399.15.

IT and pharmaceutical stocks were among the worst hit, with the IT index declining by 2.3% due to concerns over impact of tariffs on the business, while shares of gold lenders were under pressure after RBI's announcement of proposed draft guidelines on gold lending.

Titan's shares rose by an additional 1.8 percent following a positive business update for the March quarter, with Titan reporting a 25 percent year-on-year increase in revenue across divisions. However, Titan's shares have fallen by 7 percent year-to-date.

HUL (Hindustan Unilever) rose by over 2.6 percent as FMCG stocks found buying momentum on April 9. The surge occurred despite tariff-related volatility, owing to HUL’s strong market positioning, re-affirming investor confidence in the sector.

Shares of FMCG companies saw significant gains, driven by key index stocks like ITC, HUL, and Nestle India, which helped push the Nifty FMCG index up by nearly 2 percent. The FMCG sector's defensive character and steady domestic market demand makes it an appealing choice for investors amid uncertainties, especially at a time when the markets are turning volatile.

Shares of Jio Financial Services fell nearly 3 percent, a day after emerging as a top gainer on the index. This comes as the company announced of its entry into digital loans against securities through its consumer-focused subsidiary, Jio Finance.

Following an upbeat Q4 business update by Senco Gold, the shares of the company managed to hit the upper circuit of 5%, riding on a strong 19.1 percent year-on-year revenue leap, marking their highest-ever fourth-quarter revenue.

Zydus Lifesciences shares fell over a percent as Nifty Pharma sank amid Trump’s continued tariff threat. The Pharma index came down by two percent with all key players in the red. Lupin, and Gland Pharma were the top losers on the index, falling up to five percent each.

Hindalco stocks dipped about 3% amid US-China trade tensions, with Nifty Metal index down over 1.5 percent following US President Trump’s declaration of a 104 percent tariff on all Chinese imports. Shares of JSW Steel, Tata Steel, and Hindustan Zinc saw downturns of up to 2 percent individually.

Wipro shares fell 4.29% after tariff-related uncertainty tore down TCS, Wipro shares, sending them lower about 5%. Jefferies turned bearish on IT, favouring stocks with higher growth visibility amid volatility. The international brokerage changed its rating for Tata Consultancy Services (TCS) from 'Buy' to 'Hold', while also slashing target prices.