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Penny Stocks Gainers Today - February 27, 2023
Last Updated: 7th September 2023 - 05:05 pm
The market fell for the seventh day in a row, with the Nifty closing below 17,400; IT and metal shares drag the most.
Market analysis
On Monday, the major market indices fell for the seventh day in a row, following weak Asian stocks. After touching a low of 17,299 in the afternoon trade, the Nifty closed close to that level. Auto, metal, IT, and healthcare equities all saw selling. The S&P BSE Sensex, a gauge index, dropped 175.58 points, or 0.30%, to 59,288.35. To reach 17,392.70, the Nifty 50 index dropped 73.10 points or 0.42%. The Sensex has lost 3.31% in seven trading sessions, while the Nifty has corrected 3.57%. Major laggards included Reliance Industries (down 0.70%), Infosys (down 2.71%), Tata Steel (down 3.37%), and TCS (down 2.01%).
The S&P BSE Mid-Cap index decreased by 0.69%, while the S&P BSE Small-Cap index decreased by 1.28% in the overall market. Market breadth was not strong. 956 shares increased and 2593 shares decreased on the BSE, while 186 shares in total remained unchanged.
Stronger-than-anticipated U.S. inflation, the potential for additional rate increases, and uncertainty regarding the Chinese economy's recovery dampened investor confidence. In the previous trading session, the yield on India's benchmark 10-year government paper increased to 7.451 from 7.419%.
Following Table Shows Penny Stocks That Gained Most on Monday
Stock name |
LTP |
chng |
%chng |
Price Band % |
Debock Industries |
19.3 |
1.75 |
9.97 |
10 |
Gayatri Highways |
0.85 |
0.05 |
6.25 |
10 |
Alok Industries |
12.8 |
0.6 |
4.92 |
5 |
ARSS Infrastructure Projects |
19.65 |
0.9 |
4.8 |
5 |
MEP Infrastructure Developers |
15.45 |
0.7 |
4.75 |
5 |
JBF Industries |
5.55 |
0.25 |
4.72 |
5 |
Spacenet Enterprises India |
19.95 |
0.9 |
4.72 |
5 |
Gayatri Projects |
6.7 |
0.3 |
4.69 |
5 |
Omkar Speciality Chemicals |
10.15 |
0.45 |
4.64 |
5 |
Binani Industries |
12.5 |
0.55 |
4.6 |
5 |
The value of the rupee relative to the dollar decreased in the foreign currency market. The rupee was trading around 82.8300, down from its session-ending level of 82.7550. Gold futures on the MCX for settlement on April 5 declined 0.18% to Rs 55,330. The US Dollar index (DXY), which measures the value of the dollar in relation to a variety of other currencies, fell 0.03% to 105.18. The yield on US 10-year bonds increased by 0.35% to 3.963. Brent crude for April 2023 settlement increased 9 cents or 0.11% to USD 82.91 a barrel on the commodities market.
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