Share Market Pre Open Updates – July 05, 2024

On July 4, 2024, the Nifty 50 and Sensex ended the day flat, with the Nifty rising by 0.06% to close at 24,302 and the Sensex rising by 0.08% to close at 80,049. 

Benchmark indices shed all their gains and ended flat as profit booking set in. Both indices touched fresh record highs during the session. The rally in IT stocks, supportive global cues, and optimism surrounding a positive budget were key drivers in today’s trade.

Top Gainers and Losers

Nifty Pharma, Nifty Healthcare, Nifty Mid-small Healthcare, and Nifty IT showed gains. Meanwhile, Nifty Media, Nifty FMCG, and Nifty Financial Services declined. Top movers included Bajaj Holdings, Zydus Life Sciences, Tata Motors, and HCL Tech. Conversely, HDFC Bank, Bajaj Finance, Ambuja Cement, and Adani Enterprises were among the top losers.

Stocks In The News

1. Kaya: Kaya announced a collaboration with Marico to handle sales and marketing of Kaya’s 75+ products. This news led to Kaya’s share price hitting the 10% upper circuit.
2. Lupin: Lupin’s share price rose by 8% after Kotak Institutional Equities upgraded its rating from “sell” to “add.”

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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.