Most brokerage stocks suffer losses even as SENSEX, NIFTY end at new highs
Upstox
2 min read • Updated: April 10, 2024, 5:23 PM
Summary
Out of 11 brokerage stocks reviewed in today’s market wrap, seven suffered losses while four - Angel One, SMC Global Securities, Monarch Networth Capital and ICICI Securities - closed with gains.
Most brokerage stocks ended with losses on Wednesday, April 10, in an otherwise positive market as benchmark indices SENSEX and NIFTY settled at their fresh closing highs.
SENSEX closed 0.47% higher at 75,038.15, marking its first closure above the 75,000 mark. The NIFTY ended 0.49% higher at 22,753.8 after hitting its fresh record high of 22,775.7 during the session.
Out of 11 brokerage stocks reviewed in today’s market wrap, seven suffered losses while four - Angel One, SMC Global Securities, Monarch Networth Capital and ICICI Securities - closed with gains.
Here is the recap of the performances of top brokerage stocks on Wednesday:
Motilal Oswal Financial Services: The stock closed with a loss of 2.45% at ₹2,046 on the NSE.
Anand Rathi Wealth: Snapping its winning streak of the last five consecutive sessions, Anand Rathi Wealth shares ended 3.78% lower at ₹3,918 apiece on the NSE.
Dolat Algotech: The stock suffered losses on Wednesday. The scrip ended 4.42% lower at ₹87.5 apiece after two straight sessions of gains.
Geojit Financial Services: The stock closed 0.89% lower at ₹83.85 after clocking gains in the last two consecutive sessions.
Nuvama Wealth Management: The stock witnessed profit booking on Wednesday to close with a loss of 0.92% at ₹5,150 per piece on the NSE.
IIFL Securities: The stock snapped its three-session winning run to close at ₹146, down 1.88%.
5Paisa Capital: 5Paisa Capital share price ended 2.14% lower at ₹549, erasing the gains seen during the day.
Angel One: The stock closed 1.93% higher at ₹2,905, snapping its four-day losing streak.
SMC Global Securities: The scrip extended its gains into the third consecutive session, ending 4.29% higher at ₹149.5 apiece.
Monarch Networth Capital: Monarch Networth Capital share price resumed its upward march. The stock closed with a mild gain of 0.63% at ₹614.
ICICI Securities: The stock extended gains into the second consecutive session, ending 0.44% up at ₹731.9 apiece on the NSE.