Share Market Pre Open Updates – May 13, 2024

On May 10, 2024, the Nifty 50 rose 0.44% and closed at 22,055, and the Sensex increased 0.36%, closing at 72,664. 

Top Gainers and Losers

On the sectoral front, Nifty Metal, Nifty Midsmall Healthcare, Nifty Oil and Gas and Nifty FMCG ended in the green. Meanwhile, Nifty IT, Nifty Realty, Nifty PSU Bank, and Nifty Bank were declining. The top gainers were Bharat Petroleum Corporation, Zomato, Cholamandalam Investment and Finance and Vedanta, which showed positive movement. On the other hand, Bank of Baroda, Adani Power, TCS and Cipla were the top losers of the day.

Stocks In The News

Escorts Kubota and State Bank of India were in the news on May 10, 2024.

• Bank of Baroda reported a consolidated year-on-year net profit of ₹4,886 crore, a 2% increase. Despite this news, the company’s share price dropped by ~3%, closing at ₹255.
• TVS Holdings has taken an 80% stake in Home Credit India for ₹554 crore. After this news, the company’s share price rose by 4%, closing at ₹10,150.

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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.