Share Market Pre Open Updates – August 05, 2024

On August 2, 2024, the benchmark indices Nifty 50 was down 1.17% to close at 24,717, and Sensex was down 1.08% to close at 80,981.

Top Gainers and Losers

On the sectoral front, the Nifty Pharma and Healthcare Index ended in the green. Meanwhile, Nifty Realty, Auto, Metal, and IT were declining. The top gainers were Divis Lab, HDFC Bank, Dr Reddy’s, and Sun Pharma, which showed positive movement. On the other hand, Eicher Motors, Tata Motors, Maruti, and JSW Steel were the top losers of the day.

Stocks In The News

Zomato and Tata Motors were in the news on August 2, 2024.

• Zomato reported stellar earnings on August 1, 2024. Due to that news, on August 2, the company’s share price jumped 19% to touch a new all-time high of ₹278 per share.
• In June quarter results, Tata Motors reported an improvement in Commercial Vehicle demand, but due to weak Passenger Vehicle demand, Tata Motors’ share price fell 4.3%.

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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.