Share Market Pre Open Updates – February 13, 2024

On February 12, 2024, the The Nifty IT, Nifty Healthcare, and Nifty Pharma sectors experienced gains in the sectoral landscape. Conversely, the Nifty Media, Nifty PSU Bank, Nifty Realty and Nifty Oil & Gas sectors saw declines. experienced a decline of 0.76%, closing at 21,616, while the Sensex dropped by 0.73% to 71,072. Both Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) showed buying activity worth ₹126 crore and ₹1,711 crore, respectively.

Top Gainers and Losers

The Nifty IT, Nifty Healthcare, and Nifty Pharma sectors experienced gains in the sectoral landscape. Conversely, the Nifty Media, Nifty PSU Bank, Nifty Realty and Nifty Oil & Gas sectors saw declines. The top gainers were Zydus Lifesciences, Zomato, Dr Reddy Laboratories and Apollo Hospitals, while the top losers included Tata Power, Life Insurance Corporation, Punjab National Bank and Samvardhana Motherson.

Stocks In The News

Aurobindo Pharma and NHPC made headlines on February 12, 2024.

• Aurobindo Pharma has received US FDA approval for Deflazacort Tablets. As a result, the Aurobindo Pharma share price increased by ~2%, closing at ₹1,021.
• Conversely, NHPC share price fell by 15%, closing at ₹81 due to its Q3 FY 2024 year-on-year consolidated revenue, which fell by 20% to ₹2,055 crore.

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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.