Top 5 Penny Stocks Gainers Today - May 12, 2022

resr 5paisa Research Team

Last Updated: 7th September 2023 - 05:05 pm

Listen icon

The Indian stock market hit a 9-week low on Thursday with the Sensex closing down more than 1100 points, while the Nifty slipped below 16,000 level.

On Thursday, domestic equity indices fell sharply on fears of an impending recession that was confirmed by the inflation data released by the US for the month of April. During the afternoon session markets lowered, dragged by Metal, Power and Utility shares and ahead of domestic retail inflation numbers.

Top 5 Gainers Penny Stocks Today: May 12

Following table shows penny stocks that gained most on Thursday

Sr No.  

Stock Name  

LTP  

change  

% change 

1  

Nila Spaces Limited 

4.6 

0.4 

9.52 

2  

Future Market Networks Limited 

4.75 

0.4 

9.2 

3  

WinPro Industries Limited 

5.4 

0.45 

9.09 

4  

PIL ITALICA LIFESTYLE LIMITED 

8.55 

0.5 

6.21 

5  

Tamilnadu Telecommunication 

9.5 

0.45 

4.97 


The S&P BSE Sensex, the barometer index, fell 1,158.08 points, or 2.14%, to 52,930.31. Settling at 15,808, the Nifty 50 index was down 359.10 points, or 2.22%. The worst performing stock within Sensex was IndusInd Bank rattling 5.82% on an intraday basis.

In line with the overall market drop, S&P BSE Mid-Cap index dropped 2.24%, while the S&P BSE Small-Cap index dropped 1.94%. About 747 shares have advanced, 2542 shares declined, and 84 shares are unchanged. India VIX, the NSE's fear index increased by 6.41% to 24.26.

The hawkish stance of the Fed surprised the market, restricting liquidity, which is likely to limit more setbacks in the future. The markets are expected to stabilize as FIIs may reduce selling, factoring inflation. Indian rupee ended 19 paise lower at 77.42 per dollar on Thursday versus Wednesday’s close of 77.23.

The number of stocks locked in the upper circuit was 10 while only 1 stock closed in the lower circuit today. Around 50 stocks touched a fresh 52-week high while 330 stocks hit a new 52-week low on Thursday.

How do you rate this article?
Characters remaining (1500)

FREE Trading & Demat Account
+91
''
By proceeding, you agree T&C*
Mobile No. belongs to
hero_form

Indian Stock Market Related Articles

Tata Group's Upcoming IPOs

by 5paisa Research Team 17th Sep 2024

Upcoming IPOs in September 2024

by 5paisa Research Team 16th Sep 2024

Best Silver Stocks 2024

by 5paisa Research Team 13th Sep 2024

Best Gold Stock to Invest before 2024 Ends!

by 5paisa Research Team 12th Sep 2024

Best Penny Stocks in India 2024

by 5paisa Research Team 10th Sep 2024

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Want to Use 5paisa
Trading App?