Share Market Pre Open Updates – February 22, 2024

The Indian stock market broke its three-day positive streak, and the benchmark index, Nifty 50, closed lower at 22,055 with a fall of 0.64%. Sensex also dropped 0.59% to 72,623. As per experts, day traders may see resistance at 22,150. Foreign Institutional Investors (FII) bought securities worth ₹284 crore, and Domestic Institutional Investors (DII) sold securities worth ₹411 crore.

Top Gainers and Losers

Nifty Realty, Nifty PSU Bank, Nifty Metal and Nifty FMCG witnessed gains in the sectoral landscape. Conversely, Nifty Media, Nifty IT, Nifty Oil & Gas and Nifty Financial Services 25/50 saw declines. The top gainers were ABB, DLF, Tata Steel and Dmart., while the top losers included Bharat Petroleum Corporation, Trent, Bosch and Indian Oil Corporation.

Stocks In The News

DLF and Ashok Leyland were in the news on February 21, 2024.

• DLF is acquiring 28 acres of land in Gurgaon. This news drove the share price of the company by 3% to ₹887.
• Ashok Leyland is establishing an integrated commercial vehicle plant in Uttar Pradesh, which will focus on green mobility. As a result, the share price of the company grew 1% to ₹171.

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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.