Share Market Pre Open Updates – February 23, 2024

On February 22, 2024, the benchmark index, Nifty 50, closed higher at 22,217 with a gain of 0.74%. Sensex also gained 0.74% to 73,158. Foreign Institutional Investors (FII) sold securities worth ₹1,410 crore, and Domestic Institutional Investors (DII) bought securities worth  ₹1,823 crore.

Top Gainers and Losers

Nifty IT, Nifty Auto, Nifty Metal and Nifty Media witnessed gains in the sectoral landscape. Conversely, Nifty Bank, Nifty Financial Services and Nifty Private Bank saw declines. The top gainers were ABB, Bharat Electronics, Coal India and Bajaj Auto., while the top losers included IndusInd Bank, Bajaj Holdings, HDFC Bank and Indian Oil Corporation.

Stocks In The News

MTAR Technologies and Gujarat Mineral Development Corporation (GMDC) were in the news on February 22, 2024.

• • The share price of MTAR Technologies rose 6% to ₹2,024 due to the changes made by the union cabinet for foreign direct investment policy in the space sector.
  • The board of GMDC approved a capital expenditure of ₹3,041 crore for FY 2025. As a result, the share price of the GMDC grew 4% to ₹416.

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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.