An employee walks past an electronic board that indicates the latest stock figures at the National Stock Exchange (NSE) in Mumbai (Photographer: Dhiraj Singh/Bloomberg)

Auto, I.T. Take Markets Back To Winning Ways; Nifty Ends Above 8,200

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Market Wrap

Closing Bell

After a near 1 percent fall in Monday’s session, benchmark indices returned to winning ways, gaining momentum in the final 90 minutes of trade.

The S&P BSE Sensex gained 182 points or 0.7 percent to end at 26,697, while the NSE Nifty 50 index gained 0.6 percent to end above the 8,200 mark at 8,221.

The market breadth was largely equal but biased towards the declines with 1,203 stocks ending on the losing side as compared to 1,176 stocks that ended with gains.

Auto, I.T. Take Markets Back To Winning Ways; Nifty Ends Above 8,200

Earnings Impact: Omaxe

Shares of the real estate company surged as much as 4.97 percent to Rs 165.80 after its consolidated net profit for the second quarter increased to Rs 23.6 crore as compared to Rs 12.3 crore last year.

The company’s consolidated total income increased 8.5 percent to Rs 322 crore compared to Rs 297 crore last year. EBITDA margins too increased from 18.5 percent to 22.8 percent.

Earnings Impact: Den Networks

Shares of the company soared as much as 14.82 percent to Rs 73.60 after its net loss in the quarter ending September 30 narrowed to Rs 47.8 crore as compared to Rs 97.7 crore in the year ago period.

The company’s total income increased 26.5 percent to Rs 272 crore from Rs 215 crore.

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