Share Market Pre Open Updates – April 2, 2024

On April 01, 2024, the Nifty 50 and  Sensex rose by 0.61% and 0.49% to 22,462 and 74,014, respectively. Smallcaps and Midcaps outperformed, with the indices rallying up to 3%. Foreign Institutional Investors (FIIs)  sold securities worth around ₹522 crore, while Domestic Institutional Investors (DIIs) bought securities worth ₹1,208 crore.

Top Gainers and Losers

On April 01, 2024, sectors like Nifty Media, Nifty Realty, Nifty Metal, and Nifty PSU Bank ended in green, while Nifty Auto and Nifty FMCG declined. The top gainers were Adani Energy, LIC, DLF, and Vedanta Limited, which showed positive movement. On the other hand, Godrej Limited, Eicher Motors, Titan and Trent were the top losers.

Stocks In The News

Globus Spirits and GM Breweries were in the news on April 01, 2024.

• Globus Spirits announced that it will start commercial production at its 2 plants with additional capacity. As a result, the stock rallied ~11%.
• The shares of G M Breweries rallied 12.81% and closed at ₹715.20 after the company announced that it would consider issuing bonus shares in an upcoming board meeting scheduled for April 04, 2024.

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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.