Share Market Pre Open Updates – April 12, 2024

On April 10, 2024, the Nifty 50 increased by 0.49% to close at 22,753, while the Sensex went up by 0.47%, closing at 75,038. On Wednesday, the Nifty exhibited mostly sideways movement. According to experts, the market is currently range-bound. Foreign Institutional Investors (FIIs) were active buyers, purchasing equities worth approximately ₹2,778 crore. Conversely, Domestic Institutional Investors (DIIs) bought stocks valued at around ₹163 crore.

Top Gainers and Losers

On April 10, 2024, sectors such as Nifty PSU Bank, Nifty Oil & Gas, Nifty FMCG, and Nifty Metal witnessed gains, while Nifty Pharma and Nifty Auto saw declines. Regarding today’s top performers, Vedanta, United Spirits, Indigo, and Coal India emerged as the top gainers. On the other hand, the main laggards were Info Edge, HDFC Life Insurance, Cipla, and Maruti Suzuki. These movements reflect varying investor sentiments across different segments of the Indian market.

Stocks In The News

Ramco Systems and Lemon Tree Hotels were in the news on April 10, 2024.

• Ramco Systems has secured a multi-million dollar agreement with Korean Air, leading to a 20% increase in its share price, closing at ₹340.
• Lemon Tree Hotels is expanding into Kathmandu, Nepal, with its first Lemon Tree Premier. Following this news, the company’s share price rose by 2%, closing at ₹140.

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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.