Share Market Pre Open Updates – February 20, 2024

On February 19, 2024, the Nifty 50 closed at  22,122, with a rise of 0.37%, while the Sensex settled at 72,708, with a gain of 0.39%. As per experts, the market could witness heightened volatility in the upcoming days. Foreign Institutional Investors (FII) sold securities worth ₹754 crore, and Domestic Institutional Investors (DII) showed buying activity worth  ₹452 crore.

Top Gainers and Losers

Nifty Consumer Durables, Nifty Pharma, Nifty FMCG, and Nifty Oil & Gas sectors witnessed gains in the sectoral landscape. Conversely, the Nifty Realty, Nifty PSU Bank and Nifty IT saw declines. The top gainers were Adani Wilmar, Grasim Industries, Adani Green Energy and Bajaj Finserv, while the top losers included Coal India, Canara Bank, DLF and Hindustan Aeronautics.

Stocks In The News

Titagarh Rail Systems and IOL Chemicals & Pharmaceuticals were in the news on February 19, 2024.

• The share price of Titagarh Rail Systems rose 3% to ₹987 on the back of an order worth ₹170 crore from the Ministry of Defense.
• IOL Chemicals & Pharmaceuticals received approval for Metformin Hydrochloride drug from China. As a result, the share price of IOL Chemicals & Pharmaceuticals surged 6% and closed at ₹428.

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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.