Share Market Pre Open Updates – May 15, 2024

On May 14, 2024, the Nifty 50 rose 0.51% and closed at 22,217, and the Sensex was up 0.45%, closing at 73,104. 

Top Gainers and Losers

On the sectoral front, Nifty Metal, Nifty Auto, Nifty Oil and Gas, and Nifty PSU Bank ended in the green. Meanwhile, Nifty FMCG, Nifty Pharma, and Nifty Healthcare Index were declining. The top gainers were IRFC, Adani Total Gas, Adani Enterprises, and Adani Power, which showed positive movement. On the other hand, Cipla, Zomato, Cholamandalam Finance, and Godrej Consumer Products were the top losers of the day.

Stocks In The News

Cochin Shipyard and Finolex Industries were in the news on May 14, 2024.

• The share price of Cochin Shipyard rose 12% after the company announced securing a large order worth  ₹500-1,000 crore from a European Client. 
• Finloex Industries’ standalone profit after tax increased by 2% during Q4 FY2024, causing the share price to rise 12% during the session. 

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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.