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Share Market Pre Open Updates – May 16, 2024

16 May 20242 mins read by Angel One
The benchmark indices closed their 3 days positive streak yesterday. Famous emerging market investor Mark Mobius has blamed the elections for the volatility in the market.
Share Market Pre Open Updates – May 16, 2024
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On May 15, 2024, the Nifty 50 fell 0.03% and closed at 22,210, and the Sensex dropped  0.16%, closing at 72,987. 

Top Gainers and Losers

On the sectoral front, Nifty PSU Bank, Nifty Realty, Nifty Oil and Gas, and Nifty Consumer durables ended in the green. Meanwhile, Nifty FMCG, Nifty Media, Nifty Auto, and Nifty Private Bank were declining. The top gainers were  LIC, Siemens, Canara Bank, and Coal India, which showed positive movement. On the other hand, Colgate Palmolive, Bosch Ltd, ICICI Prudential, and Tata Motors were the top losers of the day.

Stocks In The News

Thermax and LIC were in the news on May 15, 2024.

  • The share price of Thermax rose 14% after the announcement of the March 2024 quarter results. 
  • The market regulator SEBI has given an extension of 3 years to LIC to comply with minimum public shareholding norms. As a result, LIC shares zoomed 6%. 

Get the latest Share Market Updates at Angel One.

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.

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