On Friday, Indian shares slumped, led by metal and information technology sectors, as US and Chinese macroeconomic data prompted fears about global growth ahead of local retail inflation data. Worries were sparked by weak economic data from China, the world’s largest producer and consumer of metals. Fears of a recession in the United States and Europe, where most of their revenue is generated, have hampered the expansion of information technology businesses.
The BSE Sensex is now trading at 62,820, down 83 points as of 10:45 a.m. While the S&P BSE Mid-Cap index is now trading flat in green, up 2 points at 26,289 points. The Small-Cap index is also trading higher, up 45 points to 29,686. The NSE index NIFTY50 is recovering from morning losses but remains in the red, down 28 points at 18,269. The Bank Nifty is currently trading higher at 43,534, up 59 points.
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On May 11, international portfolio investors purchased stocks worth Rs 837.21 crore, while domestic institutional investors (DIIs) sold shares for Rs 200.09 crore.
The following are the Penny Stocks that were locked in the upper circuit on Friday. Keep an eye on the following counters for the forthcoming sessions: