Share Market Pre Open Updates – May 24, 2024

On May 23, 2024, the Nifty 50 rose 1.64% and closed at 22,967, and the Sensex increased 1.61%, closing at 75,418. 

Top Gainers and Losers

On the sectoral front, Nifty Auto, Nifty Bank, Nifty Private Bank, and Nifty Financial Services ended in the green. Meanwhile, Nifty Healthcare, Nifty MidSmall Healthcare and Nifty Pharma were declining. The top gainers were Adani Enterprises, Indian Railway Finance Corporation, Adani Ports & Special Economic Zone and Mahindra & Mahindra, which showed positive movement. On the other hand, Vedanta, Sun Pharmaceutical, LIC, and Power Grid Corporation were the top losers of the day.

Stocks In The News

ITC and GPT Infraprojects were in the news on May 23, 2024.

• ITC reported a year-on-year revenue of ₹16,579 crore, a 1.1% increase. Post this news, the company’s share price increased by ~0.07%, closing at ₹440.
• GPT Infraprojects was declared as the lowest bidder for the project worth ₹555 crore. After this news, the company’s share price rose by ~5%, closing at ₹256.

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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.