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Share Market Pre Open Updates – 31 Jan 2024

31 January 20242 mins read by Angel One
The Indian stock market plunged due to rising volatility, and experts are expecting selling pressure in the market.
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The Indian stock market closed lower on January 30, 2024 due to volatility in the market. The benchmark indices, Nifty 50, closed at 21,522  with a fall of 0.99%, and Sensex fell 1.11% to 71,139. As per experts, Nifty 50 could witness selling pressure at the 21,800 level. On January 29, 2024, FIIs sold securities worth ₹1,970 crore, while DIIs bought securities of ₹1,002  crore.

Top Gainers and Losers

Tata Motors, Bosch, Jindal Steel & Power and Bharat Petroleum Corporation were on the list of top gainers. Trent, Bajaj Finance, Siemens and UltraTech Cement were the top losers. Nifty PSU Bank, Nifty Media, Nifty Realty and Nifty Metal were gaining, while Nifty Consumer Durables, Nifty FMCG, Nifty Pharma and Nifty Financial Services were falling.

Stocks In The News

Bharat Electronics and Gillette India were in the news on January 30, 2024. Despite getting an order worth ₹847, the share price slipped 2% and settled at ₹188. Gillette India released its Q3 FY2024 results, whereby it recorded a growth in revenue to 639 crores from 618 crores in Q3 FY2023. As a result, the share of Gillette India rose 2% to ₹6,606.

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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