On Monday, 1841 stocks advanced, 2547 declined and 198 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.72 indicating a negative closing. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 131 securities advanced and closed at a new 52-week high whereas 8 securities sank to close at their new 52-week lows. In sectoral indices, Nifty IT, Nifty India Defence and Nifty Metal were among the biggest losers. Nifty Media, Nifty PSU Bank and Nifty Energy were among the biggest gainers.
Dredging Corporation of India (+2.89%) signed a ₹2,157.07 crore fuel supply MoU with Indian Oil Corporation Ltd (IOCL), securing a five year agreement to meet the fuel requirements of its dredging fleet. Dredging Corporation of India has secured a ₹770 crore contract, significantly boosting its order book and reinforcing its standing in the dredging industry. The project involves large scale dredging activities, with execution timelines yet to be disclosed.
Multi Commodity Exchange of India (+0.11%) received SEBI approval to set up a new coal exchange subsidiary, marking its entry into the physical coal market. The proposed entity, tentatively named MCX Coal Exchange Ltd., will be wholly owned initially, with scope to induct strategic partners later. MCX has committed ₹100 crore investment to meet net worth requirements under draft Coal Exchange Rules.
Aurobindo Pharma (-1.31%) received final USFDA approval to manufacture and market Dextromethorphan Polistirex Extended Release Oral Suspension (30 mg/5 mL, OTC), bioequivalent to Delsym® by RB Health (US) LLC. Production will take place at Unit IV of APL Healthcare Ltd, with a planned launch in Q2 FY27.The product addresses the US$138 million market (12 months ending Feb 2026, Nielsen data), strengthening Aurobindo’s US portfolio in OTC cough and cold therapies and expanding its footprint in complex oral formulations.
Sterling and Wilson Renewable Energy (+9.34%) (SWREL) delivered two major EPC wins in FY26, underscoring its scale and competitiveness in India’s solar sector. The company was declared L1 bidder by Coal India Ltd for an 875 MW (AC) solar PV project in Bikaner, valued at ~₹3,490 crore including O&M and taxes — one of its largest contracts to date. In addition, SWREL secured a 50 MW AC solar project in Maharashtra from a leading private IPP. With these back to back awards, SWREL’s FY26 EPC order inflows have crossed ₹10,062 crore, significantly above prior guidance.
Bank of Maharashtra (+3.86%) board has approved plans to raise up to ₹7,500 crore via QIP, FPO, rights issue, or bonds to strengthen its capital base. Additionally, it will issue ₹10,000 crore long term infra bonds in FY27 and raise up to $500 million through foreign currency bonds to diversify funding.
Interarch Building Solutions (+3.80%) has secured a ₹60 crore order (plus taxes) from a domestic client, with execution slated within eight months. The scope covers design, engineering, manufacturing, supply, and erection of a Pre Engineered Steel Building System.
EMS (+7.36%) has been declared L1 bidder by UP Jal Nigam (Urban) for two major projects in Varanasi, valued at ₹143 crore and ₹64 crore (ex GST). The first project involves laying sewer networks and house connections across 18 wards, including Durgakund, Nariyan, Sarainandan, Jolha Northan, and Bhelupur, to be executed on a turn key basis within 24 months.
Sterlite Technologies (+3.25%) has expanded its global footprint with the U.S. launch of Neuralis, its next gen data center connectivity suite, unveiled at Data Center World 2026 in Washington, D.C. through subsidiary STL Optical Connectivity NA, LLC. Neuralis is engineered as a “central nervous system” for modern AI driven data centers, addressing challenges of space constraints, rising data density, and intensive East West traffic flows driven by AI, hyperscale, and edge workloads.
Praj Industries (+1.60%) inaugurated an Advanced Precision Fermentation Lab at Praj Matrix, reinforcing its push toward next generation biomanufacturing and India’s low carbon bioeconomy. The facility is globally unique, focusing on AI enabled precision fermentation and advanced bioprocesses to improve efficiency, reduce scale up risks, and enhance reliability.
PNB Gilts (-0.87%) reported a sharp earnings decline in Q4 FY26, with net profit falling 82.7% y-o-y to ₹13.0 crore versus ₹75.0 crore last year. Revenue from operations remained flat at ₹424.1 crore, compared to ₹418.8 crore in Q4 FY25, reflecting muted topline growth during the quarter.
Groww’s parent Billionbrains Garage Ventures (-1.12%) posted a strong Q4FY26 performance, with net profit rising 122% y o y to ₹686.4 crore versus ₹309.1 crore last year. Revenue from operations grew 88% y o y to ₹1,505.4 crore, compared to ₹801.0 crore in Q4FY25, reflecting robust business expansion.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
Market This Week
Moneylife Digital Team
17 April 2026
Moneylife’s market breadth indicators have now entered bullish territory, marking a decisive shift after nearly three months of weakness. Early-April had already delivered rare flashes of strength, with broad-based rallies on the...
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team
17 April 2026
INDIAN MARKET TRENDS
From 10th April to 16 April 2026, ML Mid-cap Index and ML Large-cap Index rose 4% each. ML Small-cap Index rose 3%. ML Micro-cap Index rose 2%. ML Mega-cap Index rose 1% as did the NIFTY and the Sensex.
...
Sudeep Pharma Bets on Specialty Shift amid Execution Risks
Moneylife Digital Team
17 April 2026
Sudeep Pharma produces mineral-based excipients and specialty ingredients used in pharmaceuticals and nutrition applications. The business operates in a regulated, approval-driven environment, where integration into customer...
Moneylife Stockgraders
Moneylife Digital Team
16 April 2026
Guidelines
1. The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters.
2. In this system, A is a...
