Suzlon surged after strong Q4, India eyes ₹31.7L Cr defence push & more

Highlights

Markets closed in the red today, capping off a second straight weekly decline. Nifty PSU Bank led the gains, while Nifty Metal took the biggest hit today.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty PSU BankNIFTY PSU BANK	+2.88%+195.30	6976.00
Bank NiftyNIFTY BANK	+0.37%+203.65	55749.70
Nifty Financial ServicesNIFTY FIN SERVICE	+0.08%+20.80	26499.25

Top Losers

Company	Today’s Chg	LTP
Nifty CommoditiesNIFTY COMMODITIES	-1.08%-94.15	8583.85
Nifty ITNIFTY IT	-1.15%-432.40	37321.75
Nifty MetalNIFTY METAL	-1.69%-158.40	9193.25

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
Reliance Power Ltd.RPOWER	+11.26%+5.88	58.10
Suzlon Energy Ltd.SUZLON	+9.26%+6.06	71.48
R R Kabel Ltd.RRKABEL	+8.83%+115.70	1425.70
Wockhardt Ltd.WOCKPHARMA	+8.80%+118.50	1465.30
CCL Products India Ltd.CCL	+8.52%+69.40	884.15

Top Losers

Company	Today’s Chg	LTP
Welspun Living Ltd.WELSPUNLIV	-9.64%-14.15	132.66
Mazagon Dock Shipbuilders Ltd.MAZDOCK	-7.28%-273.00	3478.20
Chennai Petroleum Corporation Ltd.CHENNPETRO	-6.30%-45.45	676.20
IFCI Ltd.IFCI	-6.05%-4.34	67.42
Chambal Fertilisers & Chemicals Ltd.CHAMBLFERT	-5.96%-34.95	551.00

*Prices shown may have delay up-to 15 minutes

INDIA VIX16.08 -2.07%

NIFTY MIDCAP 150₹21,125.55 -0.18%

NIFTY SMLCAP 250₹16,833.05 +0.32%

Put Call Ratio of Nifty 50 (expiry: 05th Jun) is 0.59

What Made Headlines?

SUZLON₹71.48 +9.26%

Suzlon shares surged after strong Q4 results, net profit jumped 365% YoY to ₹1,181 crore, and revenue rose 73% to ₹3,773 crore, boosting investor confidence.

MUTHOOTFIN₹2,215.40 +7.27%

Muthoot Finance shares jumped after the Finance Ministry asked the RBI to exempt gold loans below ₹2 lakh from upcoming stricter rules and to delay the new norms until January 2026. This development is significant for Muthoot Finance, as a large portion of its customer base consists of small-ticket gold loan borrowers.

APLLTD₹1,018.05 +1.14%

Alembic Pharma shares rose after the US Food & Drug Administration (USFDA) approved its Bosutinib Tablets (100 mg & 500 mg) for treating CML. The drug targets a $291 million US market, boosting growth prospects.

KIRIINDUS₹642.05 -11.63%

Kiri Industries shares fell over 11% after agreeing to sell its 37.57% DyStar stake to Zhejiang Longsheng for $676 million, more than Kiri’s own current market value.

What’s Happening Beyond Our Markets?

• India’s defence budget may grow 5 times to ₹31.7 lakh crore by 2047, with big boosts in production and exports, says a CII-KPMG report. Key challenges like imports still remain.
• India stands tall as the only major economy showing consistent volume growth across major commodities, including carbon steel, stainless steel, coal, and aluminum, a 33% rise in steel output from 2019–24, even as global production dipped, says the Jefferies Report.
• 10 Indian AI startups selected for Paris accelerator to scale globally, backed by IndiaAI, Station F, and HEC Paris, boosting innovation, global ties, and India’s AI leadership.
• US PCE (Personal Consumption Expenditures) inflation, the Fed’s preferred gauge, is expected to ease to 2.2% in April, its lowest in 7 months, signaling cooling price pressures.

Back to Basics

Terms that put you one step ahead – every day.

What is PCE Inflation?

PCE (Personal Consumption Expenditures) measures how much people are spending and how much prices are rising on what they buy. 

Think of it as the Fed’s favorite thermometer for inflation in the U.S.

It covers everything from groceries to health care, and adjusts for when people switch to cheaper alternatives (like buying dal instead of paneer when prices spike).

Corporate Actions