The S&P BSE Sensex and NSE Nifty50, two Indian stock benchmarks, both had notable gains on Monday, helped by gains across all industries. These developments mirrored market moves elsewhere in the world on expectations that the US may slow the tempo of its rate hikes. Gains in the stock market’s FMCG, IT, and banking industries served as the main drivers of the increase in both headline indices.
- 4 Penny Stocks that have been trading upward over the past 5 consecutive days
- Penny Stock Jumps 14% bagging a project Order from Tata Power
At 11:30 IST, the S&P BSE Sensex, the barometer index, increased by 876 points and is now trading at a level of 60,777. The S&P BSE Mid-Cap has also risen by 204 points and is currently trading at a level of 25,371. The Small-Cap index is now trading at 28,229 levels, up 229 points.
The Nifty 50 index increased by 246 points and is now trading at 18,106. The Bank Nifty has gained 343 points and is presently trading at a level of 42,532.
On January 5, it came out that domestic institutional investors (DIIs) were the net purchasers of shares worth 1,083.17 crore, while foreign portfolio investors (FPIs) were the net sellers of shares worth 2902.46 crore.
The list of penny stocks that were trapped in the upper circuit on Monday is as follows. For the next sessions, pay particular attention to these counters: