Share Market Pre Open Updates – August 21, 2024

At the close of the trading session on August 20, 2024, the Nifty 50 and Sensex was up by 0.51% and 0.47% closing at 24,698 and 80,802, respectively.

Top Gainers and Losers

Regarding sectors, Nifty Financial Services 25/50, Nifty PSU Bank, Nifty Financial Services, Nifty Private Bank, and Nifty IT  saw gains. On the other hand, Nifty Media and Nifty FMCG declined. 

SBI Life, HDFC Life, Bajaj Finserv, and IndusInd Bank were the top gainers.  Bharti Airtel, ONGC, Apollo Hospitals, and Adani Entertainment were the top losers.

Stocks In The News

Now, let’s look at the stocks trending in the news.

1. Tech Mahindra

Tech Mahindra’s board has approved the sale of 103 acres of land in Hyderabad for a cash consideration of ₹535 crore. As a result, the share price rose 2%.

2. Hindustan Zinc

The shares of Hindustan Zinc rose 4% after four days of falling streak. The rise was due to the announcement of a second interim dividend of ₹19 per share (950% of face value) for FY 2024-25.

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.