Share Market Pre Open Updates – July 24, 2024

On July 23, 2024, the Indian equity indices declined for the third consecutive session, influenced by various announcements made by Finance Minister Nirmala Sitharaman in her Union Budget speech. At close, the Sensex was down 0.09% at 80,429.04, and the Nifty was down 0.12% at 24,479. 

Top Gainers and Losers

Among the sectors, Nifty FMCG, Nifty Consumer Durables, Nifty Media, and Nifty IT saw gains, while Nifty Realty, Nifty PSU Bank, Nifty Oil and Gas, and Nifty Metal witnessed declines. In terms of top movers, the top gainers were Titan, ITC, Tata Consumers, and Torrent Pharma, whereas the top losers were IRFC, PFC, Siemens, and REC Ltd. 

Stocks In The News

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

• AstraZeneca: In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced that 3 cancer drugs would be exempt from customs duties. Following this announcement, AstraZeneca’s share price surged by up to 13%.
• C.E Info Systems: The Union Budget FY25 announced the digitisation of urban land records through GIS mapping, which led to an 8% increase in C.E Info Systems’ share price.

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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.