Share Market Pre Open Updates – April 18, 2024

The benchmark indices Nifty 50 and Sensex slipped 0.56% and 0.62% to  22,147 and 72,943, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹4,468 crore, while domestic investors bought shares worth ₹2,040 crore. 

Top Gainers and Losers

On the sectoral front, Nifty Media, Nifty Oil and Gas, Nifty FMCG, and Nifty Pharma ended in the green, while Nifty IT, Nifty PSU Bank, Nifty Private Bank, and Nifty Bank closed in the red. The top gainers were Motherson Sumi, Eicher Motors, HAL, and Adani Power, which showed positive movement. On the other hand, Infosys, Mindtree, PNB, and IndusInd Bank were the top losers of the day.

Stocks In The News

Exide Industries and Sterlite Technologies were in the news on April 16, 2024.

• Exide Industries’ share price rallied 15% after the foreign brokerage firm raised the price target to ₹485.
• Sterlite Technologies raised ₹1,000 crore via the Qualified Institutional Placement (QIP), which resulted in a 7% increase in the 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.