POST MARKET
Indian benchmarks indices snapped two-day losing streak and ended higher on June 9, amid easing geopolitical tensions and moderation in crude oil prices.
Except IT and media, all other sectoral indices ended in the green with PSU Bank up 3.6%, Nifty Bank up 2%, Private Bank index up 1.6% and Realty index up 1.6%.
The broader market outperformed the benchmarks, with the Nifty midcap index rising 1.3 percent and smallcap index advancing 1.7 percent.
STOCKS IN NEWS
Gabriel India
Shares of Gabriel India surged more than 7 intraday to Rs 1,053.00 on June 9 after Motilal Oswal Financial Services initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 1,266 per share, representing a potential upside of more than 29% from the previous closing level.
JSW Infrastructure
Stock of JSW Infrastructure rose more than 6% percent due to company secured a major port infrastructure project from the Syama Prasad Mookerjee Port Authority (SMPA).
Rail Vikas Nigam
Shares of Rail Vikas Nigam Ltd (RVNL) rose 2.66% on Tuesday after the state-run company secured a fresh order worth Rs 221.33 crore from South East Central Railway.
Redington
Stocks of Redington rose nearly 5% due to Apple Inc used its Worldwide Developers Conference to lay the foundation for a new generation of products, making the case that it can overcome years of snags to compete in the AI era. Redington Limited is one of the primary authorised national supply chain and distribution partners for Apple products across India, the Middle East, and Africa (MEA).
Source; Mint, Moneycontrol.