Share Market Pre Open Updates – August 30, 2024

At the close of the trading session on August 29, 2024, Nifty 50 was up 0.40%, and Sensex was up 0.43% to close at 25,151 and 82,134, respectively.

Top Gainers and Losers

On the sectoral front, the Nifty Oil and Gas, Nifty FMCG, Nifty Auto and Nifty IT saw gains. On the other hand, Nifty Metal, Nifty Pharma, Nifty Mid-Small Healthcare, and Nifty Media declined. 

Tata Motors, Bajaj Finserv, Britannia, and Bajaj Finance were the top gainers. Grasim, M&M, JSW Steel, and Eicher Motors were the top losers.

Stocks In The News

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

1. Reliance Industries

Reliance Industries, India’s most valuable company as per market cap, said on August 29 that it will consider and recommend issuing bonus shares at a ratio of 1:1 to its shareholders at a board meeting on September 5. The share price rose around 3% to hit a high of ₹3,074.

2. InterGlobe Aviation Ltd

IndiGo’s parent company, InterGlobe Aviation Ltd, saw its shares drop as promoters Rakesh Gangwal and Chinkerpoo Family Trust plan to sell up to 2.25 crore shares, representing a 5.82% stake, in an upsized block trade, according to Bloomberg.

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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.