Reliance Gains 5%; M&M’s acquisition of SML Isuzu & More

Highlights

Benchmark indices snapped a two-day losing streak, with the Nifty 50 rising 1.20% and the BSE Sensex up 1.27%. Nifty Oil & Gas led sectoral gains, jumping 3.18%, while Nifty IT was the sole loser, dipping 0.22%.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty Oil & GasNIFTY OIL AND GAS	+3.18%+343.45	11132.10
Nifty PSU BankNIFTY PSU BANK	+2.44%+159.50	6695.00
Nifty Healthcare IndexNIFTY HEALTHCARE	+2.07%+286.45	14116.25

Top Losers

Company	Today’s Chg	LTP
Nifty Consumer DurablesNIFTY CONSR DURBL	+0.69%+255.10	37196.60
Nifty FMCGNIFTY FMCG	+0.16%+87.95	56620.30
Nifty ITNIFTY IT	-0.22%-79.30	35482.95

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
RBL Bank Ltd.RBLBANK	+10.11%+19.01	207.10
Garden Reach Shipbuilders & Engineers Ltd.GRSE	+8.21%+132.80	1749.60
Sonata Software Ltd.SONATSOFTW	+7.35%+24.85	362.75
Data Patterns (India) Ltd.DATAPATTNS	+7.17%+149.60	2236.20
Cochin Shipyard Ltd.COCHINSHIP	+6.12%+86.60	1502.10

Top Losers

Company	Today’s Chg	LTP
Tejas Networks Ltd.TEJASNET	-12.93%-111.10	747.85
Shriram Finance Ltd.SHRIRAMFIN	-5.07%-33.20	622.00
Sterling and Wilson Renewable Energy Ltd.SWSOLAR	-4.99%-15.50	295.20
Ramkrishna Forgings Ltd.RKFORGE	-4.87%-31.95	624.75
Cholamandalam Financial Holdings Ltd.CHOLAHLDNG	-4.40%-87.20	1893.10

*Prices shown may have delay up-to 15 minutes

India VIX

16.94 -1.28%

Nifty Midcap 150

₹19,966.70 +1.38%

Nifty Smallcap 250

₹15,607.15 +0.53%

Put Call Ratio of Nifty 50 (expiry: 30th Apr) is 1.17

Stocks In the News

Data Patterns (India) Ltd.

₹2,236.20 +7.17%

Data Patterns and other defence stocks rallied amid rising India-Pakistan tensions, ceasefire violations, and the announcement of a fresh Rafale deal.

Reliance Industries Ltd.

₹1,368.80 +5.26%

Reliance Industries shares surged today mainly due to better-than-expected Q4 FY25 results.

Mahindra & Mahindra Ltd.

₹2,930.60 +2.32%

Mahindra & Mahindra will acquire a majority stake in SML Isuzu for ₹554.65 crore to strengthen its position in the commercial vehicle segment.

Tata Technologies Ltd.

₹705.60 +1.79%

Tata Technologies rose on strong Q4 profits, attractive dividends, and growth prospects in AI and BMW joint venture.

India & The World

• India’s industrial output grew 3% in March, up from 2.7% in February, indicating steady improvement in manufacturing activity, as per the Index of Industrial Production (IIP) data.
• India’s engineering goods exports hit a record USD 116.67 billion in FY25, despite global trade concerns.
• Brent crude stayed below $67 as easing U.S.-China trade tensions were offset by supply concerns from potential Iran exports, rising OPEC+ output, and progress in Russia-Ukraine peace talks.

Back to Basics

What is Repo Rate?

The repo rate is the rate at which RBI lends short-term funds to commercial banks. It’s India’s key monetary policy tool.

When RBI cuts the repo rate, banks’ borrowing costs fall. If banks pass this on, loan interest rates (like home or car loans) linked to external benchmarks can decrease. But it’s not automatic — it depends on liquidity, bank policies, and market conditions.

Conversely, when RBI hikes rates, borrowing becomes expensive to control inflation.

For investors, repo rate changes influence:

• EMIs and deposit rates
  
• Market sentiment
  
• Growth and inflation dynamics
  

It’s the heartbeat of India’s financial system.

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