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The markets ended on a mixed yet positive note. Nifty closed at 24,734, Sensex added 150 points, but mid- and small-cap stocks lagged. While GST reforms drove early strength, profit-taking shifted the tone later in the day.
Among sectors, auto index up nearly 1 percent, FCMG index up 0.3 percent, while IT, media, metal, oil & gas, realty, power, PSU Bank down 0.5-1 percent.
Stock in News
OLA Electric:
The shares of Ola Electric Mobility dropped nearly 8 percent on September 4, as investors may have resorted to profit booking at elevated levels. This comes after the stock rallied around 77 percent in less than a month.
Delta Corp:
The shares plunged nearly 7 percent. This comes after the GST Council decided to increase the tax levied on admission to casinos, race clubs, any place having casinos or race clubs, or sporting events like the IPL from 28 percent to 40 percent.
Aptus Value Housing:
The shares climb 4% after around 6.09 crore shares, representing 12.2 percent of the company’s equity and worth Rs 2,005.94 crore, were exchanged in a block deal window
Solar Industries:
The shares of explosives-maker Solar Industries sharply plunged more than 3 percent on September 4, after the company reported an explosion at its Nagpur facility, which killed one and injured eight people.