Share Market Pre Open Updates – May 02, 2024

On April 30, 2024, Nifty 50 and Sensex declined 0.17% and 0.25% to 22,604 and 74,482, respectively. Foreign Institutional Investors (FII) bought securities worth around ₹1,071 crore, while domestic investors bought shares worth ₹1,429 crore. 

Top Gainers and Losers

On the sectoral front, Nifty Auto, Nifty Realty, Nifty Financial Services 25/50, and Nifty PSU Bank ended in green. Meanwhile, Nifty IT, Nifty Media, Nifty Metal and Nifty Pharma were declining. The top gainers were REC Limited, Power Finance Corporation, M&M, and Adani Power, which showed positive movement. On the other hand, IOC, IRFC, Tech Mahindra and HAL India were the top losers of the day.

Stocks In The News

Hitachi Energ and REC Limited were in the news on April 30, 2024.

• The shares of Hitachi Energy zoomed 10% after the announcement to improve the power transformer factory in Canada with an investment of over $100 million. 
• REC Limited released strong Q4 earnings, recording a 33% increase in net profit. As a result, the share price rose 8%.

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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.