Share Market Pre Open Updates – August 27, 2024

At the close of the trading session on August 26, 2024, Nifty 50 was up 0.76%, and Sensex was up 0.75% to close at 25,010 and 81,698, respectively.

Top Gainers and Losers

On the sectoral front, Nifty Metal, Nifty Realty, Nifty Consumer Durables, and Nifty Oil and Gas saw gains. On the other hand, Nifty PSU Bank and Nifty Media declined. 

HCL Tech, Hindalco, NTPC and ONGC were the top gainers. Apollo Hospitals, Hero MotoCorp, Adani Ports and Grasim were the top losers.

Stocks In The News

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

1. One 97 Communications

SEBI has sent notice to Paytm founder Vijay Shekhar Sharma and his ex-directors for non-compliance with promoter norms during the IPO process. After this news, Paytm shares fell by 9% yesterday and were seen to close at ₹530. 

2. Zydus Lifesciences

Shares of Zydus Lifesciences hit a two-month low yesterday of ₹1,105 after the company acquired a 50% stake in Sterling Biotech Ltd for ₹550 crore, entering the fermentation-based protein sector.

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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.