Share Market Pre Open Updates – February 28, 2024

On February 27, 2024, the Nifty 50 index experienced an increase of 0.34%, closing at 22,198, while the Sensex saw a rise of 0.42%, ending the day at 73,095. The market displayed volatility throughout the trading session, ultimately settling at the 22,198 level. Regarding investment flows, FII were seen offloading their holdings, with a sell-off amounting to approximately ₹1,509 crores. On the other hand, DII demonstrated buying activity, purchasing stocks worth ₹2,861 crores.

Top Gainers and Losers

Several sectors were observed making movements in the market. The Nifty Realty, Nifty Consumer Durables, Nifty IT, and Nifty Auto sectors experienced growth. Conversely, the Nifty Oil & Gas, Nifty Media, Nifty PSU Bank, and Nifty Financial Services 25/50 sectors were declining. The top gainers included ICICI Lombard General Insurance, Havells India, ABB India, and Tata Motors. On the other hand, the top losers for the day were Adani Energy Solutions, Shriram Finance, Varun Beverages, and Adani Total Gas.

Stocks In The News

Patanjali Foods and Delhivery were in the news on February 27, 2024.

• The Supreme Court has labelled Patanjali Foods’ advertisements as misleading. Following this news, the share price of Patanjali Foods witnessed a decline of approximately 2%, closing at ₹1,618.
• Delhivery has received a global shipping order from the wellness brand PLIX. This announcement led to a nearly 3% drop in Delhivery’s share price, which closed at ₹471.

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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.