Share Market Pre Open Updates – August 13, 2024

On August 12, benchmark indices Nifty and Sensex ended nearly unchanged, erasing all of their earlier gains. Nifty 50 and Sensex were down 0.08% at the close, closing at 24,347 and 79,648, respectively.

Top Gainers and Losers

Now, speaking of sectors, all sectors appeared in the green, with Nifty Realty, Nifty Consumer Durables, Nifty Metal, and Nifty Oil and Gas showing gains. On the other hand, Nifty Media, Nifty PSU Bank, Nifty FMCG, and Nifty Healthcare Index saw declines. The top gainers were ONGC, Hero MotoCorp, Axis Bank, and JSW Steel. On the other hand, the top losers were Adani Ports, NTPC, Dr. Reddy’s, and Britannia.

Stocks In The News

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

1. Jubilant Foodworks:
   Jubilant Foodworks’ net profit doubled in Q1FY25, and revenue rose 9% year-over-year. Following this news, Jubilant’s share price rose around 9%, hitting a one-year high of ₹648.
2. Suzlon Energy:
   Suzlon Energy’s board has approved the acquisition of a 76% stake in Renom Energy Services. This news caused Suzlon’s share price to jump up to 5%.

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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.