GRSE Jumps 12% on Defence Buzz; Rupee Strengthened & More

Highlights

Benchmark indices ended flat today, with the Nifty 50 edging up 0.03% and the BSE Sensex gaining 0.09%. Among sectors, Nifty IT led the gains with a 1.23% rise, while Nifty Pharma was the top laggard, slipping 1.06%.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty ITNIFTY IT	+1.23%+437.45	35920.40
Nifty Consumer DurablesNIFTY CONSR DURBL	+0.62%+229.80	37426.40
Nifty Oil & GasNIFTY OIL AND GAS	+0.47%+52.40	11184.50

Top Losers

Company	Today’s Chg	LTP
Nifty Healthcare IndexNIFTY HEALTHCARE	-0.88%-124.05	13992.20
Nifty MetalNIFTY METAL	-0.95%-82.75	8607.15
Nifty PharmaNIFTY PHARMA	-1.06%-231.45	21676.65

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
Data Patterns (India) Ltd.DATAPATTNS	+14.34%+320.70	2556.90
Garden Reach Shipbuilders & Engineers Ltd.GRSE	+11.90%+208.20	1957.80
TBO Tek Ltd.TBOTEK	+11.49%+116.50	1130.00
Cochin Shipyard Ltd.COCHINSHIP	+10.01%+150.30	1652.40
Mazagon Dock Shipbuilders Ltd.MAZDOCK	+8.67%+241.60	3027.90

Top Losers

Company	Today’s Chg	LTP
Go Digit General Insurance Ltd.GODIGIT	-5.97%-18.45	290.70
Tata Technologies Ltd.TATATECH	-5.94%-41.90	663.70
Godawari Power & Ispat Ltd.GPIL	-4.14%-8.02	185.73
AWL Agri Business Ltd.AWL	-4.06%-11.35	267.90
PCBL Chemical Ltd.PCBL	-3.67%-14.05	369.10

*Prices shown may have delay up-to 15 minutes

India VIX

17.37 +2.54%

Nifty Midcap 150

₹20,009.05 +0.21%

Nifty Smallcap 250

₹15,639.70 +0.21%

Put Call Ratio of Nifty 50 (expiry: 30th Apr) is 0.84

Stocks In the News

Garden Reach Shipbuilders & Engineers Ltd.

₹1,957.80 +11.90%

Garden Reach Shipbuilders and other defence stocks rallied for a second day, driven by India-Pakistan tensions and the ₹63,000 crore Rafale Marine deal with France.

PNB Housing Finance Ltd.

₹1,030.40 +4.48%

PNB Housing Finance shares rallied after strong Q4 FY25 results, improved asset quality, and a net profit rise to ₹550.38 crore.

Hexaware Technologies Ltd.

₹728.20 +3.75%

Hexaware shares rose after strong Q1 results, and positive management commentary boosted investor confidence.

Aurobindo Pharma Ltd.

₹1,209.60 -3.01%

Aurobindo Pharma’s shares fell after a fire at its Kakinada plant damaged some equipment. Core manufacturing was unaffected, no injuries occurred, but operations will pause for 20–25 days.

Tata Technologies Ltd.

₹663.70 -5.94%

Tata Technologies shares fell after TPG Rise Climate sold a 3.95% stake via a bulk deal, despite Q4 profit growth.

India & The World 

• Facing 145% U.S. tariffs, Chinese exporters and American firms are approaching Indian companies to route shipments through India, leveraging India’s lower 10% tariff advantage.
• Foreign investors are returning to Indian equities, fueling the ongoing rally. India’s faster growth, tariff resilience, and easing monetary policy have boosted sentiment.
• The rupee strengthened towards 85/USD in April, supported by a weak dollar, softer oil prices, strong asset inflows, and India’s lower export dependence.
• The US 10-year Treasury yield stayed near 4.2% as investors awaited key data on GDP, inflation, and jobs, while trade talks with China remain uncertain, but progress with India looks promising.

Back to Basics

What is RBI’s Forex Intervention?

When the Indian rupee moves too sharply, either falling or rising quickly, the RBI (Reserve Bank of India) intervenes in the foreign exchange market to reduce volatility.

If the rupee is weakening too much, the RBI sells dollars to support it.

If the rupee is strengthening too fast, the RBI buys dollars to prevent it from hurting exports.

That’s why RBI’s interventions matter, they help stabilize markets, control inflation risks, and maintain confidence in the economy.

Corporate Actions