Share Market Pre Open Updates – February 09, 2024

On February 9, 2024, the Nifty 50 experienced a decline of -0.97%, closing at 21,717, while the Sensex dropped by -1.00% to 71,428. The first half of the day witnessed selling pressure in the market, particularly impacting private banking and FMCG stocks. Foreign Institutional Investors (FIIs) were noted to have engaged in a sell-off of approximately ₹4.933 crores, contrasted by Domestic Institutional Investors (DIIs) who made purchases amounting to around ₹5.512 crores.

Top Gainers and Losers

In the sectoral landscape, Nifty PSU Bank, Media, Oil & Gas, and IT showed upward momentum, while Private Bank, FMCG, Financial Services, and Bank sectors witnessed declines. Notable gainers included Life Insurance Corporation, Trent, Hindustan Aeronautics, and PI Industries, whereas Muthoot Finance, Kotak Mahindra, Britannia, and Axis Bank faced losses among the top movers.

See: NSE Top Gainers

Stocks In The News

Wonderla Holidays and 3M India made headlines on February 08, 2024.

Despite an increase in year-on-year consolidated revenue for Wonderla Holidays and 3M India from October to December, their respective share prices dropped by approximately 4% and 3%, respectively. Wonderla’s revenue rose from ₹113 crore to ₹123 crore, while 3M India’s increased from ₹993 crore to ₹1005 crore. Nevertheless, Wonderla closed at ₹867 and 3M India at ₹33,002.

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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.