Share Market Pre Open Updates – July 29, 2024

On July 26, 2024, Benchmark indices Nifty and Sensex hit new all-time highs after 5 consecutive days of decline at the last minute of the trading session. During the day, Sensex was just 160 points away from a new all-time high. At close, Nifty was up 1.76% to 24,834, and Sensex was up 1.62% to 81,332.

Top Gainers and Losers

In terms of sectors, all sectors were in the green. However, Nifty Metal, Nifty Healthcare Index, Nifty Auto, and Nifty Pharma showed the most significant gains. Among the top movers, the top gainers were Shriram Finance, Cipla, Divis Laboratories, and Tata Power. On the other hand, the top losers were Dmart, United Spirits, SBI Card, and Adani Green.

Stocks In The News

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

1. Paytm: The Government of India has approved Paytm’s ₹500 million investment in a key subsidiary. Following this news, One97 Communication’s share price surged by 10%, hitting the upper circuit at ₹509.

1. Cipla: Cipla Limited reported a 17.4% year-on-year (YoY) rise in its June quarter first-quarter net profit. Following this news, Cipla share price rose by around 5%.

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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.