Share Market Pre Open Updates – February 15, 2024

On February 14, 2024, the Nifty 50 and Sensex saw gains, increasing by 0.45% and 0.37% to close at 21,840 and 71,822, respectively. While Foreign Institutional Investors (FII) were observed to engage in a sell-off amounting to ₹3,929 crore, Domestic Institutional Investors (DII) showed buying activity worth ₹2,897 crore.

Top Gainers and Losers

The Nifty PSU Bank, Nifty Oil & Gas, Nifty Media and Nifty Metal sectors experienced gains in the sectoral landscape. Conversely, Nifty IT, Nifty Healthcare and Nifty Pharma saw declines. The top gainers were Bharat Petroleum Corporation, Life Insurance Corporation, Indian Oil Corporation and Vedanta, while the top losers included Info Edge, Tech Mahindra, Cipla and Zomato.

Stocks In The News

Paytm and Bharat Electronics made headlines on February 14, 2024.

• According to the report of CNBC TV 18, ED has initiated a preliminary inquiry against Paytm Payments Bank, which resulted in the decline of Paytm share price by 10% to ₹342.
• Conversely, the share price of Bharat Electronics increased by 3%, closing at ₹182 after the news that the company received an order worth ₹2,167 crore from the Indian Navy..

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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.