Share Market Pre Open Updates – May 31, 2024

On May 30, 2024, the Nifty 50 declined 1% and closed at 22,488, and the Sensex also dropped 1%, closing at 73,885. 

Top Gainers and Losers

On the sectoral front, Nifty Media, Nifty Bank, and Nifty Private Bank ended in the green. Meanwhile, Nifty Metal, Nifty IT, Nifty Healthcare Index, and Nifty Pharma were declining. Indigo, Samvardhana Motherson, Adani Power, and Bajaj Holdings were the top gainers, which showed positive movement. On the other hand, Tata Steel, REC Ltd, Tech Mahindra and Naukri were the top losers of the day.

Stocks In The News

Paytm and Tata Steel were in the news on May 30, 2024.

• Paytm’s share price rose 5% and hit an upper circuit at ₹377.40. This is the second straight session that the price of Paytm rose.
• Tata Steel’s share price dropped 5% after the company’s net profit dropped 5% during Q4 FY2024 because of poor pricing and intense competition.

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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.