Share Market Pre Open Updates – May 23, 2024

On May 22, 2024, the Nifty 50 rose 0.31% and closed at 22,597, and the Sensex increased 0.36%, closing at 74,221. 

Top Gainers and Losers

On the sectoral front, Nifty FMCG, Nifty Realty, Nifty Media and Nifty IT ended in the green. Meanwhile, Nifty Metal, Nifty Financial Services 25/50, Nifty Bank and Nifty Financial Services were declining. The top gainers were Bharat Electronics, Hindustan Aeronautics, LIC and Dabur India, which showed positive movement. On the other hand, REC Limited, Indian Railway Finance Corporation, Zomato and Siemens were the top losers of the day.

Stocks In The News

Bharat Electronics and Sun Pharmaceutical were in the news on May 22, 2024.

• Bharat Electronics received an order worth ₹1,150 crore. After this news, the company’s share price rose by 3.74%, closing at ₹284.
• Sun Pharmaceutical reported a consolidated year-on-year revenue of ₹11,983 crore, a 9% increase. Post this news, the company’s share price increased by ~2%, closing at ₹1,564.

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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.