Top 10 Penny Stocks Gainers Today - Jun 02, 2022

In a choppy trading session, domestic equity indices ended higher, snapping the two-day losing streak.

Top 10 Gainers Penny Stocks Today: June 02

Following Table Shows Penny Stocks That Gained Most on Thursday

On Thursday, the domestic equities barometers concluded the day with robust gains, halting a two-day losing trend. Oil and gas, information technology, and metals sectors bolstered the indices, but auto and financial services firms brought them down. The NSE Nifty finished the day with a gain of 105.25 points. The BSE Sensex rose 436.94 points. Reliance Industries, Bajaj Finserv, and Sun Pharma were the top gainers today. Apollo Hospitals, Hero Motor Corp, and Eicher Motors were the biggest losers today.

Today, the Nifty Energy index closed at 25968.65, up 2.01%. Over the last month, the index has dropped 9.00%. Adani Green Energy Ltd increased by 4.19%, Adani Transmission Ltd increased by 3.46%, and Reliance Industries Ltd increased by 3.45%. The Nifty Energy index has increased by 28.00% in the last year, compared to a 6.75% increase in the benchmark Nifty 50 index. The Nifty IT index rose 1.82% on the day, while the Nifty Commodities index rose 1.16%.

The Dow Jones futures were up 115 points, signalling that the US stock market would open higher today. The majority of European stocks rose on Thursday as traders weighed new data on inflation and economic activity. The price of oil has decreased slightly due to expectations that Saudi Arabia will raise its output. Saudi Arabia announced yesterday that it will boost its oil production to compensate for the disruption created by the European Union's ban on Russian oil.

Many oil investors sold their positions the day before yesterday. This decision was most likely prompted by the anticipation that the United States will use its political clout with Saudi Arabia to force it to expand its oil output even more. Inflation is still a key concern for the Indian economy and equity markets. The cost of vegetables continues to grow.

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