Share Market Pre Open Updates – August 08, 2024

On August 07, 2024, the benchmark indices Nifty 50 was up 1.27% to close at 24,297.50, and Sensex was up 1.11% to close at 79,468.01.

Top Gainers and Losers

On the sectoral front, all the sectors ended in green. However, Nifty Oil and Gas, Nifty Metal, Nifty Media, Nifty Pharma, and Nifty Healthcare Index gained the most ONGC, Coal India, Adani Enterprises, and Adani Ports were the top gainers, which showed positive movement. On the other hand, IndusInd Bank, Tech Mahindra, Britannia, and Hindustan Unilever were the top losers of the day.

Stocks In The News

ONGC and EIH were in the news on August 7, 2024.

• ONGC released its production guidance for FY2025, in which the management expects a 12% growth in total crude production. As a result, ONGC shares rose up to 8%. 
• EIH released weak numbers during the June 2024 quarter, with its profit slipping 11.2% YoY, leading to a 10% fall in EIH shares.

Get the latest Share Market Updates at Angel One.

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.