Share Market Pre Open Updates – July 08, 2024

On July 5, 2024, Nifty 50 and Sensex ended the day flat, with Nifty rising 0.09% to close at 24,323, whereas Sensex fell 0.07% to close at 79,996. Indian stock markets continued their rally for the 3rd straight day but ended the day flat. About 1,820 shares advanced, 1,588 shares declined, and 74 shares unchanged.

Top Gainers and Losers

In terms of sectors, Nifty Oil and Gas, Nifty Pharma, Nifty Healthcare, and Nifty PSU Bank showed gains. At the same time, Nifty Financial Services, Nifty Private Bank, Nifty Bank, and Nifty Consumer Durables declined. Top gainers included IRFC, ONGC, TVS Motors, and Reliance, whereas HDFC Bank, Bajaj Holdings, Titan, and Adani Energy Solutions were among the top losers.

Stocks In The News

1. Titan: Kotak Institutional Equities downgraded Titan to a “reduce” rating from its previous “add” rating. Titan’s share price fell 5% following this news.
2. HDFC Bank: HDFC Bank’s share price dropped by 5% as they reported a soft April-June quarter.

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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.