Share Market Pre Open Updates – March 11, 2024

On March 11, 2024, the Nifty 50 rose by 0.09%, reaching 22,493, while the Sensex increased by 0.05%, closing at 74,119. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were seen in buying activity of about ₹7,304 crore and ₹2,601 crore worth of investments, respectively.

Top Gainers and Losers

On March 7, 2024, Nifty Media, Nifty Metal, Nifty FMCG and Nifty Financial Services 25/50  saw increases, while Nifty Oil & Gas, Nifty Private Bank, Nifty Bank and Nifty Auto experienced a decline. Focusing on individual movers, Tata Power, Cholamandalam Investment & Finance, Tata Consumer Products and Tata Steel emerged as the leading gainers. In contrast, Mahindra & Mahindra, Bharat Petroleum Corporation, Bosch and Samvardhana Motherson were the primary losers.

Stocks In The News

SJVN and the Housing and Urban Development Corporation (HUDCO) were in the news on March 7, 2024.

• SJVN has got Letter of Awards (LoA) of 1,352 Megawatts for solar power projects, leading to a nearly 2% increase in SJVN stock price, closing at ₹121.  
• HUDCO has signed a MoU with Maharashtra State Electricity Distribution. This news resulted in an increase in the HUDCO stock price of the company by ~3%, closing at ₹201.

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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.