Share Market Pre Open Updates – June 03, 2024

On May 31, 2024, the Nifty 50 rose 0.19% and closed at 22,530, and the Sensex also rose 0.10%, closing at 73,961. 

Top Gainers and Losers

On the sectoral front, Nifty Realty, Nifty Metal, Nifty PSU Bank, and Nifty Oil and Gas ended in the green. Meanwhile, Nifty Media, Nifty IT, Nifty Healthcare Index, and Nifty Pharma were declining. Adani Total Gas Limited, Adani Power, Adani Enterprises, and Adani Ports were the top gainers, which showed positive movement. On the other hand, Berger Paints, Dmart, Trent, and Divis Lab were the top losers of the day.

Stocks In The News

Zomato and Sunteck Realty were in the news on May 31, 2024.

• Zomato’s share price dropped 5% after Macquarie released a statement stating an expected drop of 50% in Zomato’s share price due to rising competition in the e-commerce sector.
• Sunteck Realty’s share price fell 1.10% after the release of Q4 results due to investors’ profit booking.

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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.