Indian equity indices ended with gains; Sectoral indices ended mixed; Broader market indices also ended higher

POST MARKET

The equity benchmark indices pared early gains on Wednesday as profit-booking at higher levels dragged markets lower.

At close, the Sensex was up 323.83 points or 0.40 percent at 81,425.15, and the Nifty was up 104.5 points or 0.42 percent at 24,973.10. About 2169 shares advanced, 1558 shares declined, and 114 shares remained unchanged.

Biggest Nifty gainers included Bharat Electronics, Wipro, HCL Technologies, Bajaj Finance, TCS, while losers were M&M, Hero MotoCorp, Bajaj Auto, Maruti Suzuki, and Tata Motors.

Among sectors, the auto index slipped 1%, while the IT index added 2.6%, the PSU Bank index was up 2.2% and the realty index rose 1%.

Among the broader market indices, the BSE Midcap and smallcap indices rose 0.7% each.

STOCKS TODAY

Apex Frozen

The shares of export-oriented shrimp feed Apex Frozen went up 17.12 percent in the early trading hours of September 10. This comes after US President Donald Trump said Washington and New Delhi will resume negotiations to resolve the ongoing trade frictions.

Vikram Solar

Shares of recently listed Solar PV module maker Vikram Solar ended over 5 percent above on September 10, after the company delivered its best quarterly revenue, rising over 79 percent on year with a multi-fold profit growth during the June quarter.

Oracle Financial Services

Shares of Oracle Financial soared 10.5 percent higher, after the parent company and NYSE-listed Oracle Corp issued an ambitious outlook for its cloud business, sending its shares to a record high. The company said that it expects booked revenue for the Cloud Infrastructure business to exceed half a trillion dollars on rising demand for low-cost cloud services.

Persistent Systems

Persistent Systems shares jumped nearly 5 percent, while Mphasis shares were up 4 percent. Coforge and LTI Mindtree shares gained more than 3 percent each, while Wipro, HCL Tech, and Tech Mahindra shares rose over 2 percent each.

BSE

The shares of the Bombay Stock Exchange (BSE) dropped 3.45 percent on September 10 as investors may have resorted to profit booking after a record rally. The stock has now snapped a seven-day gaining streak.

Source – Money Control