Share Market Pre Open Updates – May 30, 2024

On May 29, 2024, the Nifty 50 declined 0.80% and closed at 22,704, and the Sensex dropped 0.89%, closing at 75,502.

Top Gainers and Losers

On the sectoral front, Nifty Pharma, Nifty Healthcare Index, Nifty Metal, and Nifty Media ended in the green. Meanwhile, Nifty Financial Services 25/50, Nifty Financial Services, Nifty Private Bank, and Nifty Bank were declining. Samvardhana Motherson, Hindalco, Torrent Pharma, and Divi’s Lab were the top gainers, which showed positive movement. On the other hand, ICICI Prudential, IRCTC, Indigo, and HDFC Life were the top losers of the day.

Stocks In The News

Mazagon Dock and Amara Raja Batteries were in the news on May 29, 2024.

• Mazagon Dock released its results for Q4 FY2024, which doubled on a year-over-year basis. As a result, the share price zoomed 10% during the session.
• Despite achieving growth of 61% in net profit during Q4 FY2024, Amara Raja  Batteries’ shares dropped 4%.

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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.