Share Market Pre Open Updates – May 03, 2024

On May 02, 2024, Nifty 50 and Sensex rose 0.19% and 0.17% to 22,648 and 74,611, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹964 crore, while domestic investors bought shares worth ₹1,352 crore.

Top Gainers and Losers

On the sectoral front, Nifty Auto, Nifty Metal, Nifty Pharma, and Nifty Financial Services 25/50 ended in green. Meanwhile, Nifty Media, Nifty Mid Small Healthcare, Nifty Bank, and Nifty PSU Bank were declining. The top gainers were Cholamandalam Investment and Finance, REC Limited, Power Finance Corporation and Trent, which showed positive movement. On the other hand, Kotak Bank, PNB, GAIL, and Pidilite Industries. India were the top losers of the day.

Stocks In The News

Ashok Leyland and PFC were in the news on May 02, 2024.

• The share price of Ashok Leyland rose 4% and touched its lifetime high after the announcement of record growth of 10% in monthly sales of LCV and M&HCV.
• PFC sees new funding potential in the renewable energy space, which led the stock to zoom 6% during the trading session.

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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.