Share Market Pre Open Updates – August 22, 2024

At the close of the trading session on August 21, 2024, the Nifty 50 and Sensex were up by 0.29% and 0.13% closing at 24,770 and 80,905, respectively.

Top Gainers and Losers

Regarding sectors, Nifty Consumer Durables, Nifty FMCG, Nifty Media, and Nifty Pharma saw gains. On the other hand, Nifty Realty, Nifty PSU Bank, Nifty Bank, and Nifty Financial Services declined. 

Divis Lab, Titan, SBI Life, and Grasim were the top gainers.  Tech Mahindra, Tata Steel, Ultratech Cement, and Power Grid were the top losers.

Stocks In The News

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

1. FSN E-Commerce

The shares of FSN E-Commerce Ventures, aka Nykaa, rose over 19% to a 52-week high of ₹228, making the biggest intraday gain since November 2022. 

2. Mazagon Dock Shipbuilders

Mazagon Dock has bolstered the order-book optimism with a ₹5,000-crore capex plan. The shares of Mazagon Dock rose 6% and closed at ₹4,524.

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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.