In the latest market activity, the Sensex and Nifty both experienced small declines. The Sensex saw a modest decline of 0.06 percent, while the Nifty saw a slight dip of 0.09 percent. Additionally, BANK NIFTY plunged 0.24 percent and FINNIFTY witnessed a downfall of 0.42 percent.
In terms of market segments, the Nifty Midcap segment showed a small retreat of 0.17 percent. However, the Nifty Smallcap managed to secure a marginal gain of 0.06 percent.
The India VIX, a measure of market volatility, unexpectedly surged by 3.21 percent, adding an element of unpredictability to the market dynamics.
Among the top gainers were Nifty Auto, Nifty PSU Bank, and Nifty Energy, which delivered positive surprises. On the other hand, Nifty IT, Nifty Realty, and Nifty Metal experienced unexpected declines.
Notable performers within the Nifty 50 included M&M, HDFC Life, and Bajaj Auto on the upside, while Infosys, HDFC Bank, and Hindalco faced challenges.
Interestingly, despite this mixed scenario, a slightly higher number of stocks (1858) advanced compared to those that declined (1766). This suggests a relatively neutral sentiment prevailing in the broader market.
In other news, DSIJ’s ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. Investors can download the service details for more information.
The article concludes with a list of penny stocks that got locked in the upper circuit on September 18, 2023. Investors are advised to keep an eye on these penny stocks.
Disclaimer: The article is for informational purposes only and not investment advice.
– These are the penny stocks locked in upper circuit on September 18, 2023 (source)
– DSIJ’s Penny Pick service (source)