Share Market Pre Open Updates – 02 February 2024

The Indian stock market was range-bounded on February 01, 2024, amid the interim budget day. The benchmark indices, Nifty 50, closed at 21,697  with a fall of 0.13%, and Sensex fell 0.15% to 71,645. On February 01, 2024, FIIs sold securities worth ₹1,879 crore, while DIIs bought securities of ₹872 crore. 

Top Gainers and Losers

Godrej Consumer Products, Canara Bank, PNB and Maruti Suzuki were on the list of top gainers. Cholamandalam Investment & Finance, ABB India, Shriram Finance and Grasim Industries were the top losers. Nifty PSU Bank, Nifty Auto, Nifty Bank and Nifty FMCG closed higher, while Nifty Media, Nifty Metal, Nifty Realty and Nifty Pharma closed lower.

Stocks In The News

Titan and Paytm were in the news on February 01, 2024.

• Titan released its Q3FY24 earnings, whereby it recorded a growth in consolidated revenue to ₹14,164 crores from ₹11,069 crores in Q3FY23. Despite the decent earnings, the share price of Titan settled at ₹3,628 with a fall of 2%.
• On the other hand, the share price of Paytm tumbled 20% to ₹609 due to several restrictions put by the Reserve Bank of India.

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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.