Share Market Pre Open Updates – May 09, 2024

On May 08, 2024, Nifty 50 closed at 22,302.50, and Sensex dropped 0.06%, closing at 73,466.

Top Gainers and Losers

On the sectoral front, Nifty Oil & Gas, Nifty Auto, Nifty Metal and Nifty PSU Bank ended in the green. Meanwhile, Nifty Private Bank, Nifty Bank, Nifty Financial Services and Nifty IT were declining. The top gainers were REC Limited, Power Finance Corporation, GAIL India and ABB India, which showed positive movement. On the other hand, Pidilite Industries, Canara Bank, Dr Reddy’s Laboratories and SRF were the top losers of the day.

Stocks In The News

Hero Motocorp and Bharat Forge were in the news on May 08, 2024.

• In Q4 FY 2024, Hero Motocorp reported a revenue of ₹9,519 crore. As a result, the company’s share price increased by 3%, closing at ₹4,588.
• Bharat Forge reported a consolidated year-on-year revenue of ₹4,164 crore, a 14% increase. After this news, the company’s share price rose by 16%, closing at ₹1,438.

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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.