Share Market Pre Open Updates – March 12, 2024

On March 11, 2024, the benchmark indices Nifty 50 fell 0.72% to 22,332, while Sensex dropped 0.83% and settled at 73,502. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were seen in buying activity of about ₹4,212 crore and ₹3,238  crore worth of investments, respectively. Experts are anticipating temporary weakness in the market until it is trading below 22,425.

Top Gainers and Losers

Nifty Healthcare and Nifty Pharma saw increases, while Nifty Media, Nifty PSU Bank, Nifty Metal and Nifty Realty experienced a decline. Indigo, Apollo Hospitals, ICICI Prudential Life Insurance and Zydus Lifesciences emerged as the leading gainers. In contrast, Zomato, Tata Consumer, Tata Power and Vedanta were the primary losers.

Stocks In The News

NBCC and Rail Vikas Nigam were in the news on March 11, 2024.

• NBCC’s subsidiary HSCC received orders worth ₹368 crore. Despite this news, the NBCC share price moved down 5% and closed at ₹120.  
• The share price of RVNL zoomed 3% to ₹245 after the company received a Letter of Acceptance (LoA)  worth  ₹1,140 crore for two projects.

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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.