Most brokerage stocks rise as SENSEX, NIFTY close lower amid profit booking

Most brokerage stocks ended with decent gains on Tuesday, April 9, defying weak market sentiment. Market benchmarks, SENSEX and NIFTY, closed marginally lower due to profit booking, after surpassing record high levels during the day.

SENSEX touched historic 75,124.28 level in morning trade while NIFTY also scaled a new peak of 22,768.40. However, the market benchmarks failed to hold gains after hitting their fresh all-time highs due to profit booking amid lingering concerns over inflation and delayed rate cuts.

SENSEX closed 0.08% lower at 74,683.7 while the NIFTY settled with a loss of 0.11% at 22,641.75.

Out of 11 brokerage stocks reviewed in today’s market wrap, as many as eight closed with gains while three - Monarch Networth Capital, 5Paisa Capital and Angel One - closed lower.

Here is the recap of the performances of top brokerage stocks on Tuesday:

Motilal Oswal Financial Services: Shares of Motilal Oswal defied weak market sentiment, clocking a robust gain of 11.18% to close at ₹2,100 on the NSE. This was the second consecutive day of gains for the stock.

Anand Rathi Wealth: Rising for the fifth consecutive session, Anand Rathi Wealth stock jumped 9.68% to end at ₹4,099 on the NSE.

SMC Global Securities: The stock ended with a strong gain of 7.44% at ₹143.05, extending the gains into the second straight session. The stock touched an intraday high of ₹144.8 on the NSE.

Dolat Algotech: Dolat Algotech shares extended gains for the second consecutive session on Tuesday. The stock closed 4.97% higher at ₹90.9 apiece on the NSE.

Geojit Financial Services: Shares of Geojit Financial Services closed 1.26% higher at ₹84.3, continuing the upward trend into the second consecutive session.

Nuvama Wealth Management: Nuvama Wealth Management share price rose for the sixth consecutive session, ending 3.41% higher to close at ₹5,220 apiece on the NSE. After a gap up opening the stock touched an intraday high of ₹5,380 apiece.

IIFL Securities: IIFL Securities shares ended with a gain of 3.65% at ₹149 per piece, extending their winning run into the third consecutive session.

ICICI Securities: ICICI Securities share price ended 1.43% higher at ₹729 apiece on the NSE.

Monarch Networth Capital: The stock snapped its seven consecutive sessions of gains to close 2.12% lower at ₹608 apiece.

5Paisa Capital: 5Paisa Capital share price declined 0.87% to close at ₹561.

Angel One: Shares of Angel One fell 3.06% to close at ₹2,855 on the NSE. It was the fourth consecutive session of losses for the stock.