Share Market Pre Open Updates – February 08, 2024

The Nifty 50 index inched up by 0.01% to close at 21,930, while the Sensex slipped by 0.05% to finish at 72,152, marking a notably volatile day in the market. Experts anticipate a decisive move in the near future amid the fluctuations. Foreign Institutional Investors (FIIs) were observed to engage in a sell-off amounting to approximately ₹1691 crores, contrasting with the buying activity of Domestic Institutional Investors (DIIs), who purchased up to ₹327 crores worth of shares.

Top Gainers and Losers

On February 7, 2024, top movers included Trent, Adani Green Energy, Canara Bank, and Adani Total Gas as gainers, while Tech Mahindra, Power Grid Corporation, Infosys, and Bank of Baroda experienced losses. Nifty PSU Bank, Nifty Realty, Nifty Media, and Nifty Financial Services showed upward trends, whereas Nifty IT and Nifty Private Bank witnessed declines.

See: NSE Top Gainers

Stocks In The News

Trent and GPT Infraprojects made headlines on February 07, 2024.

• In October to December, Trent saw a remarkable 39% increase in consolidated net profit, reaching ₹370 crore. Consequently, Trent’s stock surged nearly 20%, closing at ₹3,626.
• Meanwhile, GPT Infraprojects secured a significant order worth ₹114 crore from East Central Railway. This news led to a modest 2% rise in GPT Infraprojects share price, closing at ₹185.

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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.