Share Market Pre Open Updates – August 06, 2024

On August 05, 2024, the benchmark indices Nifty 50 was down 2.68% to close at 24,055.60, and Sensex was down 2.74% to close at 78,759.40.

Top Gainers and Losers

On the sectoral front, Nifty Metal, Nifty Media, Nifty Realty, Nifty Auto, Nifty Oil and Gas, and Nifty IT were declining. The top gainers were Hindustan Unilever, Tata Consumers, Nestle India, and Britannia, which showed positive movement. On the other hand, Tata Motors, ONGC, Adani Ports, and Tata Steel were the top losers of the day.

Stocks In The News

Paras Defence and Reliance Power were in the news on August 5, 2024.

• Paras Defence recorded a 143% increase in net profits and a 73% rise in revenue during Q1 FY2025, which resulted in a 3% rise in its shares.
• Due to the broader market sell-off, the shares of Reliance Power slumped 5% to hit the low of ₹32.81.

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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.