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Share Market Pre Open Updates – February 05, 2024

06 February 20243 mins read by Angel One
The Indian stock market is expected to touch a new high after breaking the consolidation phase.
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After the range-bound session on interim budget day, the Indian stock market closed higher on February 02, 2024. The benchmark indices, Nifty 50, closed at 21,853  with a gain of 0.72%, and Sensex rose 0.61% to 72,085. On February 02, 2024, FIIs bought securities worth ₹70 crore, while DIIs bought securities of ₹2,463 crore. As per experts, markets are expected to touch a new high after a consolidation phase of a few weeks.

Top Gainers and Losers

BPCL, IOC, PNB and Power Grid were on the list of top gainers. Shree Cement, Eicher Motors, DLF and ICICI Prudential Life Insurance were the top losers. Nifty Oil & Gas, Nifty Metal, Nifty PSU Bank and Nifty Private Bank, Nifty Bank, Nifty Financial Services and Nifty FMCG closed lower.

Stocks In The News

Abbott India and NBCC were in the news on February 02, 2024.

  • Abbott India released its Q3 FY2024 results, wherein it recorded a YoY growth of 26% in net profit to ₹311 crore. As a result, the share price of Abbott rose 9% and closed at ₹28,100. 
  • The stock of NBCC was in an upper circuit due to the announcement of the finance ministry for the development of 2 crore houses under  PMAY Yojna.  The share price of NBCC closed at ₹169, with a gain of 20%.

Get the latest Share Market Updates at Angel One.

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.
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