Share Market Pre Open Updates – May 14, 2024

On May 13, 2024, the Nifty 50 rose 0.15% and closed at 22,104, and the Sensex was up 0.22%, closing at 72,776. 

Top Gainers and Losers

On the sectoral front, Nifty Pharma, Nifty Healthcare, Nifty Metal and Nifty Realty ended in the green. Meanwhile, Nifty Auto, Nifty PSU Bank, Nifty Oil and Gas and Nifty Consumer Durables were declining. The top gainers were ABB India Limited, Siemens, Cipla and Asian Paints, which showed positive movement. On the other hand, Tata Motors Limited, Dmart, Zomato and SRF were the top losers of the day.

Stocks In The News

Tata Motors Limited and Bank of India were in the news on May 13, 2024.

• The share price of Tata Motors fell 8% due to the potential demand risk of JLR and the sluggish start of FY2025.
• Bank of India’s margins contracted 23 bps year over year during the January to March 2024 quarter, resulting in a 10% drop in the bank’s share price.

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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.