Share Market Pre Open Updates – February 12, 2024

On February 9, 2024, the Nifty 50 and Sensex saw modest gains, increasing by 0.30% and 0.23% to close at 21,782 and 71,595, respectively. Market volatility was evident on Friday, attributed to a prevailing pessimistic sentiment among investors. Foreign Institutional Investors (FII) showed buying activity worth ₹141 crore, while Domestic Institutional Investors (DII) engaged in a sell-off, disposing of assets worth ₹421 crore.

Top Gainers and Losers

The Nifty Bank, Nifty Private Bank, Nifty PSU Bank, and Nifty Healthcare sectors experienced gains in the sectoral landscape. Conversely, the Nifty Metal, Nifty Oil & Gas, Nifty IT, and Nifty Auto sectors saw declines. The top gainers were Grasim Industries, Bank of Baroda, SBI, and Zomato, while the top losers included Indian Oil Corporation, Hindustan Aeronautics, GAIL, and Tata Power.

Stocks In The News

Patanjali Foods and MRF made headlines on February 09, 2024.

• Patanjali Foods experienced a 19% decline in year-on-year net profit for the Q3 FY2024, amounting to ₹216 crore, leading to a nearly 4% drop in its share price to ₹1,599.
• Conversely, MRF saw its consolidated revenue increase from ₹5,644 crore to ₹6,162 crore in the same quarter. Despite this positive performance, MRF’s share price fell by approximately 4%, closing at ₹1,37,120.

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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.