Share Market Pre Open Updates – May 22, 2024

On May 21, 2024, the Nifty 50 rose 0.12% and closed at 22,529, and the Sensex declined 0.07%, closing at 73,953. 

Top Gainers and Losers

On the sectoral front, Nifty Metal, Nifty PSU Bank, Nifty Media and Nifty Oil & Gas ended in the green. Meanwhile, Nifty Private Bank, Nifty FMCG, Nifty Bank and Nifty Financial Services were declining. The top gainers were Adani Power, Vedanta, Bharat Electronics and LIC, which showed positive movement. On the other hand, Zomato, GAIL, TVS Motor and Nestle were the top losers of the day.

Stocks In The News

Rategain Travel Technologies and Man Industries were in the news on May 21, 2024.

• Rategain Travel Technologies reported a consolidated year-on-year net profit of ₹50 crore, a ~24% increase. Post this news, the company’s share price increased by ~4%, closing at ₹768.
• Man Industries received an order of worth ~₹505 crore. Despite this news, the company’s share price declined by 0.74%, closing at ₹370.

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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.