On Monday, 3207 stocks advanced, 1147 declined and 199 remained unchanged on Bombay Stock Exchange with advance decline ratio of 2.79 indicating a positive closing. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 33 securities advanced and closed at a new 52-week high whereas 47 securities sank to close at their new 52-week lows. In sectoral indices, Nifty PSU Bank, Nifty India Defence and Nifty Metal were among the biggest gainers. Nifty Media were among the only loser.
The Supreme Court has refused to stay Adani’s (+3.71%) ₹14,535 crore bid for JAL, directing all parties back to the NCLAT. This marks a legal setback for Vedanta (+0.34%), clearing Adani’s near term path in one of India’s largest insolvency cases. With creditor backing and NCLT approval, Adani moves closer to completing the high profile JAL resolution.
GE Shipping (+1.63) has contracted the sale of its 2007 built MR tanker Jag Prakash (47,848 DWT) to a third party, with delivery scheduled in Q1 FY27. Post transaction, its fleet stands at 40 vessels (26 tankers, 14 dry bulk carriers; 3.20m DWT). In parallel, the company has contracted to acquire one kamsarmax bulk carrier and one MR tanker, also slated for Q1FY27 completion.
ONGC (-1.86%) reported a fire incident at its SHP Platform (Mumbai High Asset) on 3 April 2026 at 17:45. The blaze was quickly controlled and extinguished, with 10 personnel sustaining minor injuries, all in stable condition. Operations have since been normalised, ensuring continuity of production and safety compliance.
Jindal Stainless (+1.00%) completed its ₹132 crore committed investment in Oyster Green Hybrid One Pvt. Ltd., acquiring an additional 4.60% stake for ₹23.41 crore. Oyster Green is developing a 282 MW(mega watt) interstate wind solar hybrid project, expected to generate over 700 million units annually for captive use. The move strengthens Jindal’s renewable energy integration strategy, supporting its net zero carbon target by 2050.
Senores Pharmaceuticals (-0.78%) expanded into the U.S. market by forming Amerisyn, LLC in North Carolina through its subsidiary, Senores Pharmaceuticals, Inc., subscribing to 70% membership interest. The JV, formalised on 2 April 2026, positions Senores to supply its portfolio to the U.S. Federal Government, including veterans affairs and military contracts, leveraging specialised credentials for long term tenders.
Amber Enterprises (+1.97%) acquired the remaining 50% stake in Amber Resojet Pvt. Ltd. for ₹1.74 crore, making it a wholly owned subsidiary. The deal, approved by the Strategic Alliance Committee and executed via an SPA with LCGC Resolute Appliances LLP on 3 April 2026, is expected to close within 30–45 days. Amber Resojet, established in April 2022, focuses on automatic washing machines and reported a ₹36.91 crore turnover in FY25, strengthening Amber’s consumer durables portfolio.
Rail Vikas Nigam (+0.34%) secured a ₹242.5 crore contract from South Central Railway for upgrading the Ongole–Gudur section (154 Route Kilometres /462 Track Kilometres) to a 2X25 kilovolt (kV) autotransformer (AT) Feeding System. The project, covering design to commissioning, will be executed over 24 months, with no related party involvement.
G R Infraprojects (-1.42%) signed a ₹1,897.51 crore EPC agreement with West Central Railway on 2 April 2026 for the Sidhi–Singrauli new rail link. The project covers Bahari–Gondawali (Km 124/400–165/380) with bridges, viaducts, tunnels, and earthwork, to be completed in 900 days.
Emcure Pharmaceuticals (+0.30%) had cut prices of Poviztra® (semaglutide injection) by up to 55%, making the starting dose available at ₹999 per week / ₹3,999 per month from 3 April 2026. The once weekly pen device, offered in five strengths (0.25–2.4 mg), now sees an average 47% reduction across doses. As the exclusive distributor of Poviztra® in India, Emcure aims to expand access to this obesity treatment, backed by strong clinical evidence.
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:
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