Midcap index up over 1.6%: Cochin Shipyard, Bharat Dynamics biggest gainers; GRSE, Data Patterns top gainers in smallcap pack

After opening mixed, the broader market on Monday, April 28, recovered and was trading higher during the intraday trade as the main equity benchmark indices soared over 1.3%.

During the intraday period, NIFTY Midcap 100 was trading 1.61% higher at the 54,432.95 level, while NIFTY Smallcap 100 was at 16,695.40, gaining 0.90%.

In the last month, the Nifty Midcap 100 index has advanced over 5.2%, and the Nifty Smallcap 100 gauge has increased 3.7%.

After opening at the 53,485.30 level, the NIFTY Midcap 100 index touched a high of the 54,475.75 level and a low of 53,481.20 during the intraday period on Monday.

Bharat Dynamics (BDL) was another defence stock among the big gainers on the index, rising 5.74%, followed by Mazagon Dock Shipbuilders (5%).

Shares of defence firms were soaring high on Monday amid geopolitical tensions between India and Pakistan, the Rafale deal with France and the defence minister meeting the Prime Minister.

Lupin (4.73%), Kalyan Jewellers (3.98%), Indraprastha Gas (3.95%), Aditya Birla Fashion and Retail (3.92%) and Supreme Industries (3.63%) were the other top gainers on the NIFTY Midcap 100 index.

However, shares of L&T Finance were the biggest loser, declining over 5% during the session, followed by Mphasis (-2.36%), Patanjali Foods (-1.31%), Bandhan Bank (-0.84%) and Mahindra & Mahindra Finance (-0.74%) on the index.

After opening at the 16,470.25 level on Monday, the NIFTY Smallcap 100 index touched a high of the 16,733.50 level and a low of the 16,426.45 level during the intraday period.

Sonata Software (7.58%), Data Patterns (7.26%), Mahanagar Gas (3.74%), Welspun Corp (3.42%) and Kaynes Technology India (3.2%) were the other top gainers on the gauge.

Ramkrishna Forgings (-5.22%), Five-Star Business Finance (-4.03%), Dr. Lal Path Labs (-2.40%), Newgen Software Technologies (-1.86%) and Jupiter Waggons (-1.84%) were the other top losers on the index.