Share Market Pre Open Updates – February 21, 2024

The benchmark indices, Nifty 50 and Sensex maintained a positive streak for the third consecutive trading session. Nifty 50 settled at 22,196 with a gain of 0.34%, while the Sensex closed at 73,057, with a rise of 0.48%. Experts believe that the Nifty 50 is moving towards a target of 22,500 and technical indicators such as the Bollinger band indicate a positive price action. Foreign Institutional Investors (FII) sold securities worth ₹1,335 crore, and Domestic Institutional Investors (DII) showed buying activity worth  ₹1,491 crore.

Top Gainers and Losers

Nifty Media, Nifty Financial Services, Nifty Bank, and Nifty Realty sectors witnessed gains in the sectoral landscape. Conversely, Nifty Realty, Nifty IT, Nifty Auto, Nifty Metal and Nifty Consumer Durables saw declines. The top gainers were Power Grid, Zomato, HDFC Bank and Axis Bank, while the top losers included Hero Motocorp, Cholamandalam Investment & Finance, Bajaj Auto and Eicher Motors.

Stocks In The News

Zee Entertainment and Zaggle Prepaid Ocean Services were in the news on February 20, 2024.

• The legal teams of Zee Entertainment and Sony are exploring ways for out-of-court settlement. As a result, the share price of Zee Entertainment rose 7% to ₹190.
• The share price of Zaggle Prepaid Ocean Services grew 14% to ₹288 due to the signing of a 3-year agreement with Easy Trip Planners.

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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.