Share Market Pre Open Updates – 01 February 2024

Amid higher volatility due to the upcoming interim budget, the Indian stock market closed higher on January 31, 2024. The benchmark indices, Nifty 50 closed at 21,725  with a gain of 0.95%, and Sensex rose 0.86% to 71,752. In addition, experts are seeing higher volatility in the market in the upcoming days. On January 31, 2024, FIIs bought securities worth ₹1,660 crore, while DIIs bought securities of ₹2,542  crore.

Top Gainers and Losers

PNB, Dr Reddy Laboratories, Bank of Baroda, and SRF were on the list of top gainers. Larson & Tourbo, Cholamandalam Investment and Finance, Ambuja Cement and Adani Total Gas were the top losers. Nifty Healthcare Index, Nifty Pharma, Nifty Reality and Nifty PSU Bank were gaining, and no sector closed lower.

Stocks In The News

Maruti Suzuki and Max Health were in the news on January 31, 2024.

• Maruti Suzuki released its Q3FY24 results and reported a standalone revenue of ₹33,308 crores as compared to ₹29,044 crores in Q3FY23. As a result, the share price of Maruti Suzuki closed at ₹10,161 with a gain of 2%.
• Max Health also published its Q3FY24 results and recorded a YoY growth in consolidated revenue to ₹1,334 crores as compared to  ₹1,141 crore. The share price of Max Health rose 7% and settled at ₹788.

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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.