Share Market Pre Open Updates – March 21, 2024

On March 20, 2024, the Nifty 50 rose by 0.10% to close at 21,839, while the Sensex increased by 0.12% to finish at 72,101. The US Central Bank’s monetary policy meeting is expected this week, potentially leading to market volatility. Foreign Institutional Investors (FII) experienced a sell-off of approximately ₹2,599 crore, whereas Domestic Institutional Investors (DII) made purchases amounting to ₹2,667 crore.

Top Gainers and Losers

On March 20, 2024, sectors saw growth in Nifty Oil & Gas, Nifty Realty, Nifty FMCG, and Nifty Auto. However, Nifty Metal, Nifty Private Bank, Nifty Financial Services, and Financial Services 25/50 declined. The top gainers were Zomato, Eicher Motors, Maruti Suzuki, and ICICI Prudential Life Insurance, while the top losers included Tata Steel, Hindustan Aeronautics, Tata Consumer Products, and PI Industries.

Stocks In The News

Zomato and Aurobindo Pharma were in the news on March 20, 2024.

• Zomato recently segmented its delivery fleet into vegetarian and non-vegetarian categories. Following this news, Zomato share price rose by 5%, closing at ₹165.

• Aurobindo Pharma received approval from the US Food and Drug Administration for a nasal spray, leading to a nearly 3% increase in Aurobindo Pharma share price, closing at ₹1,017.

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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.