Stocks of broking firms in demand; Angel Broking hits new high

Angel Broking, IIFL Securities, Aditya Birla Money, Geojit Financial, Edelweiss Financial, Motilal Oswal Financial and ICICI Securities gained between 4% and 15% on the BSE

Shares of broking firms rallied up to 15 per cent on the bourses in an otherwise subdued market on Wednesday amid expectation of strong earnings growth.

Angel Broking, IIFL Securities, Aditya Birla Money, Geojit Financial Services, Edelweiss Financial Services, Motilal Oswal Financial Services and ICICI Securities gained between 4 per cent and 15 per cent. All these stocks were trading at their respective 52-week highs on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was down 0.02 per cent at 52,851,  at 11:01 am.

Among individual stocks, Angel Broking hit a record high of Rs