Share Market Pre Open Updates – August 07, 2024

On August 06, 2024, the benchmark indices Nifty 50 was down 0.26% to close at 23,992.55, and Sensex was down 0.21% to close at 78,593.07.

Top Gainers and Losers

On the sectoral front, Nifty Realty, Nifty IT, Nifty Metal, and Nifty Media gained, while Nifty Financial Services 25/50, Nifty PSU Bank, Nifty Financial Services, and Nifty Auto declined. Britannia, JSW Steel, Tech Mahindra, and L&T were the top gainers, which showed positive movement. On the other hand, HDFC Life, SBI Life, BPCL, and Shriram Finance were the top losers of the day.

Stocks In The News

Vedanta and Samvardhana Motherson were in the news on August 5, 2024.

• During Q1 FY2025, Vedanta recorded a 54% YoY growth in net profit, which was backed by a tax refund of ₹735 crore. This resulted in a 0.18% rise in its shares.
• Samvardhana Motherson will join Apple’s supply chain network. The company is entering into a partnership with Hong Kong-based BIEL Crystal Manufactory, a major global supplier of smartphone glass. As a result, the share price rose 0.19%

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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.