Share Market Pre Open Updates – May 07, 2024

On May 06, 2024, Nifty 50 slipped 0.15%, closing at 22,442, and Sensex rose 0.02%, closing at 73,895. 

Top Gainers and Losers

On the sectoral front, Nifty Realty, Nifty IT, Nifty Mid Small Healthcare and Nifty FMCG ended in green. Meanwhile, Nifty PSU Bank, Nifty Consumer Durables, Nifty Media and Nifty Oil & Gas were declining. The top gainers were Britannia Industries, Kotak Bank, ABB and Siemens, which showed positive movement. On the other hand, Power Finance Corporation, REC, Titan Company Limited and Punjab National Bank were the top losers of the day.

Stocks In The News

Grindwell Norton and HCL Technologies were in the news on May 06, 2024.

• Grindwell Norton’s consolidated year-on-year revenue was ₹691 crore, which is a 4% increase. As a result, the company’s share price increased by 4%, closing at ₹2,196.
• HCL Technologies partnered with AWS to accelerate GENAI adoption for digital solutions. Post this news, the share price of HCL Technologies rose by 0.89%, closing at ₹1,360.

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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.