Share Market Pre Open Updates – August 14, 2024

On August 13, the Nifty 50 and Sensex were down by 0.85% and 0.87%, closing at 24,139 and 78,956, respectively.

Top Gainers and Losers

All sectors were in the green, except for Nifty Consumer Durables, Nifty Mid-Small Healthcare, and Nifty Healthcare Index, which showed gains. On the other hand, Nifty Financial Services, Nifty Financial Services 25/50, Nifty Metal, and Nifty PSU Bank were seen declining.

Titan, Apollo Hospitals, Tata Consumers, and Dr. Reddy’s were the top gainers. Meanwhile, BPCL, HDFC Bank, HDFC Life, and Shriram Finance were the top losers.

Stocks In The News

Now, let’s look at the stocks trending in the news.

1. Hindalco Industries
   Hindalco Industries reported a 25% year-on-year increase in Q1 FY25 net profit to ₹3,074 crore on Tuesday, August 13, but it fell short of market expectations. As a result, Hindalco’s shares were seen dropping by 1.26%.
2. Paras Defence and Space Technology
   Paras Defence and Space Technologies Ltd aims for 20-30% revenue growth, driven by a strong pipeline of opportunities across all its sub-verticals. Despite this news, the share price declined by around 2%.

Get the latest Share Market Updates at Angel One.

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.