Share Market Pre Open Updates – March 06, 2024

On March 5, 2024, the Nifty 50 decreased by 0.22%, closing at 22,356, and the Sensex fell by 0.26%, closing at 73,677. Foreign Institutional Investors showed buying activity of shares worth ₹574 crores and Domestic Institutional Investors also showed buying activity of shares worth ₹1,834 crores.

Top Gainers and Losers

Nifty PSU Bank, Nifty Auto, Nifty Oil and Gas and Nifty Pharma saw gains, while Nifty IT, Nifty Media, Nifty FMCG and Nifty Consumer Durables fell. The top gainers were Motherson, Vedanta Limited, Tata Motors and Bharti Airtel, and the top losers were Bajaj Finserv, Bajaj Finance, Varun Beverages and Naukri.

Stocks In The News

Infibeam Avenues and IIFL Finance were in the news on March 5, 2024.

• Infibeam Avenues got a payment aggregator license from RBI. This news resulted in an increase in the share price of the company of almost 7%, closing at ₹37.
• RBI has banned IIFL Finance from gold loans due to breaches in loan-to-value ratios. After this news, IIFL Finance share price seemed to have fallen by almost 20%.

Get the latest Share Market Updates at Angel One.

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.