Top Penny Stocks Gainers Today - August 23, 2022

resr 5paisa Research Team

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

Listen icon

Domestic indices rebounded after a 2-day break led by auto and metal sector stocks.

The significant fall in Indian domestic indices is primarily due to profit-taking by domestic institutional investors (DIIs), who have been frequent sellers recently. Investors were concerned about the US Federal Reserve's aggressive signals, which caused Wall Street indices to fall on Monday. Shares of big corporations such as Amazon, Apple, Microsoft, and Tesla all fell more than 2% as a result of the weakening economy.

List of Penny Stocks Today: August 23

Following Table Shows Penny Stocks That Gained Most on August 23

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

BC Power Controls  

5.9  

18  

2  

Mirc Electronics  

18.05  

17.21  

3  

DCM Financial Services  

4.4  

10  

4  

Peninsula Land  

11.3  

9.71  

5  

Ducon Infratechnologies  

14.5  

7.81  

6  

MPS Infotecnics   

0.75  

7.14  

7  

Shekhawati Poly-Yarn  

0.8  

6.67  

8  

Mohit Industries Ltd  

17.75  

5.97  

9  

Steel Exchange India   

13.7  

4.98  

10  

GTN Textiles   

12.67  

4.97  

Asian stocks sank, echoing a decline on Wall Street overnight. The SGX Nifty predicted a poor start for India's broader index. With huge losses in the IT, teck, and power sectors, Indian domestic indices opened lower.

Domestic indices recovered their initial losses and moved upward, aided by auto and metal stocks. The BSE had 2,112 shares increase and 1,282 shares decline, indicating strong market conditions. With gains of more than 2%, BSE Metals was the session's biggest gainer, driven by NMDC Ltd.

Gains were seen in the BSE Energy, BSE Telecom, and BSE Consumer Durables sectors, which all climbed by more than 1%. In line with the decline in US IT companies, IT and Teck shares in India also slumped, reflecting the market slowdown brought on by high inflation and Federal Reserve policies.

At market closing, the BSE Sensex gained 0.44%, reaching a level of 59,031. The Nifty 50 index advanced 0.50% to 17,577 level. On the Sensex, Mahindra and Mahindra, Bajaj Finserv and Titan were the top gainers, while Tata Consultancy Services, Infosys and HCL Technologies were the top losers. In the broader markets, the BSE Midcap index advanced 1.03% to the 24,770 level, while the Smallcap index rose 0.78%, reaching a level of 28,062.

 

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 17th 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?