Share Market Pre Open Updates – July 04, 2024

On July 3, 2024, the Nifty 50 and Sensex rose by 0.67% and 0.69%, respectively, closing at 24,286 and 79,986. Both benchmark indices reached record highs, driven by strong gains in Bank and Metal stocks.

Top Gainers and Losers

Nifty Private Bank, Nifty Financial Services 25/50, Nifty Financial Services, Nifty Bank, and Nifty Metal showed gains, while Nifty Media declined. Top gainers included PFC, Bajaj Holdings, REC Limited, and Havells, rising by significant margins. Conversely, TCS, Titan, TVS Motors, and Shree Cements were among the top losers.

Stocks In The News

1. HDFC Bank: HDFC Bank shares reached a new all-time high of ₹1,791, rising by 2.2%. Analysts speculate its weight may double in the upcoming MSCI Standard Index reshuffle.
2. Wockhardt: Due to its upward journey, Wockhardt’s shares surged by 5%, rising 40% over 5 consecutive sessions. The rise is attributed to the potential launch of 2 antibiotics in 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.