Penny Stocks Gainers Today

Indices halt the eight-day upward trend as the Sensex drops 416 points and the Nifty closes below 18,700.

On Friday, the major equity indices ended down, breaking an eight-day upward trend. Domestic share profits were sold off in response to negative global cues. After reaching a record high of 18,887.60 in the previous session, the Nifty 50 index made a settlement below the 18,700 level.

While shares in auto, financial services, and FMCG companies experienced some selling pressure, media, real estate, and metal equities were in high demand. The barometer index, the S&P BSE Sensex, was down 415.69 points or 0.66% to 62,868.50 as of preliminary closing data. To 18,696.10, the Nifty 50 index dropped 116.40 points or 0.62%. The Sensex increased 3.5% while the Nifty increased 3.59% over the previous eight sessions. Benchmark indexes underperformed the overall market. While the S&P BSE Small-Cap index increased by 0.70%, the S&P BSE Mid-Cap index increased by 0.80%. Positive market breadth was seen, 2,025 shares increased and 1,454 shares decreased on the BSE and 142 shares in total remained unchanged.

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