Share Market Pre Open Updates – August 02, 2024

On August 1, 2024, the benchmark indices Nifty 50 was up 0.24% to close at 25,010 and Sensex was up 0.15% to close at 81,867.

Top Gainers and Losers

On the sectoral front, Nifty Oil and Gas, Nifty Healthcare Index, Nifty FMCG, and Nifty Financial Services ended in the green. Meanwhile, Nifty Media, Nifty Realty, Nifty PSU Bank, and Nifty Auto were declining. The top gainers were Power Grid, Coal India, ONGC, and HDFC Bank, which showed positive movement. On the other hand, M&M, Tata Steel, Hero MotoCorp, and Britannia were the top losers of the day.

Stocks In The News

Adani Energy Solutions and Aster DM Healthcare were in the news on August 1, 2024.

• Adani Energy’s $1 billion Qualified Institutional Placement (QIP) was oversubscribed 6 times, attracting a demand of over ₹50,000 crore. Due to this news, Adani’s share prices rose by 11% yesterday to hit a 52-week high at ₹1,348.
• Aster DM Healthcare shares soared 8% on August 1 after strong quarterly results. Revenue grew 20% YoY, and net profit jumped 80%.

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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.