Share Market Pre Open Updates – August 23, 2024

At the close of the trading session on August 22, 2024, the Nifty 50 and Sensex were up by 0.17% and 0.18% closing at 24,811 and 81,503, respectively.

Top Gainers and Losers

On the sectoral front, Nifty Consumer Durables, Nifty Metal, Nifty PSU Bank, and Nifty FMCG saw gains. On the other hand, Nifty Oil and Gas, Nifty Media, Nifty IT, and Nifty Pharma declined. 

Grasim, Tata Consumers, Bharti Airtel, and Apollo Hospitals were the top gainers. Wipro, NTPC, Tata Motors, and M&M were the top losers.

Stocks In The News

Now, let’s look at the stocks trending in the news.

1. Kalyan Jewellers

After a block deal of 6.6 crore shares on the exchange, Kalyan Jewellers’ shares rose 11% to ₹605. 

2. Zen Technologies

Zen Technologies’ shares hit a record high of ₹1,863 after the company launched a qualified institutional placement (QIP) to raise ₹1,000 crore, with a floor price of ₹1,685.18 per share.

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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.