Penny Stocks Gainers Today - October 12, 2022

The major market indices posted decent gains as they closed near the day's high on Wednesday, breaking a three-day losing run.

 After touching its day's low at 16,960.05, the Nifty eventually steadied above the 17,100 mark. All sectoral indices on the NSE ended in the green, with the exception of the Nifty Media index. The S&P BSE Sensex rose 478.59 points or 0.84% to 57,625.91 as of provisional closing data. The Nifty 50 index increased 17,123.60 points, or 0.82%, to 140.05 points. The Sensex has decreased by 1.85% during the last three straight sessions, while the Nifty has decreased by 2.01%. The S&P BSE Small-Cap index increased by 0.22% and the S&P BSE Mid-Cap index increased by 0.66% in the overall market. Market breadth was in the red as 1,688 shares increased and 1,752 shares decreased on the BSE while 131 shares in total remained unchanged.

List of Penny Stocks Today: October 11

Following Table Shows Penny Stocks That Gained Most on October 11

The Dow Jones futures increased by 183 points, signalling a positive start to today's trading on the US stock market. On Wednesday, most European markets rose as Asian prices fluctuated amid worries over the state of the world economy. Additionally, investors are anticipating U.S. inflation data that will be released later this week. Following a media report that the Bank of England is reportedly quietly signalling a willingness to continue its emergency bond-buying programme, the British pound recovered losses on Wednesday morning. The worldwide growth prediction for the upcoming year was lowered by the International Monetary Fund on Tuesday to 2.7%.

The IMF revised its prediction for India's GDP growth to 6.8% for the fiscal year 2023, predicting that it will still be on course to rank among the world's nations with the fastest growth rates. The IMF predicts that India's inflation will decline to a range of 4% in 2019. According to reports, worldwide inflation is expected to average 9.5% this year and 4.1% by 2024. The IMF however cautioned that a severe economic downturn is still to come and that many people will perceive 2023 as a recession.