Share Market Pre Open Updates – February 07, 2024

BothOn February 6, 2024, the top gainers in the Indian market were Indian Oil Corporation, Bharat Petroleum Corporation, HDFC Life Insurance, and Zydus Lifesciences, while Power Grid Corporation Of India, Bank of Baroda, Britannia Industries, and Berger Paints were among the top losers.  and Sensex indices closed higher, with gains of 0.72% and 0.63%, respectively. Market sentiment was positive throughout the day, starting on a bullish note and closing on the upside. Experts suggest a positive momentum if the market remains above the 21,700 level. Foreign Institutional Investors (FII) showed buying activity of around ₹92 crores, while Domestic Institutional Investors (DII) recorded purchases of up to ₹1,096 crores.

Top Gainers and Losers

On February 6, 2024, the top gainers in the Indian market were Indian Oil Corporation, Bharat Petroleum Corporation, HDFC Life Insurance, and Zydus Lifesciences, while Power Grid Corporation Of India, Bank of Baroda, Britannia Industries, and Berger Paints were among the top losers. Sectors such as Nifty IT, Nifty Oil & Gas, Nifty Metal, and Nifty Auto showed upward trends, but Nifty Private Bank, Nifty PSU Bank, Nifty Bank, and Nifty FMCG witnessed declines.

Stocks In The News

Droneacharya Aerial Innovations and Petronet LNG made headlines on February 06, 2024.

• Droneacharya Aerial Innovations soared nearly 2% to ₹182 after signing an MoU with Vimaan Aerospace, buoyed by the news.
• Petronet LNG surged 5% to ₹287 following the execution of a long-term contract with Qatar Energy, driving investor optimism. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.