Throughout the day, the Sensex experienced a 0.19% increase, while the Nifty 50 traded higher with a 0.25% gain. The Nifty Midcap and Smallcap indices closed higher, recording gains of 0.42% and 0.50%, respectively.
Among the sectors, Nifty Realty, Metal, and PSU Bank emerged as the top gainers, whereas Nifty IT and Energy were the top losing sectors. In terms of individual stocks, Hindalco, Hero MotoCorp, and Apollo Hospital performed well within the Nifty 50. On the other hand, Adani Enterprises, Infosys, and BPCL experienced losses towards the closing of the markets.
The following penny stocks are likely to be in focus on Monday, June 05, 2023:
Ganga Forging- The counter experienced a notable increase in buying interest as the scrip surged by 19.48%, reaching an intraday high of Rs 4.60 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. Ganga Forging Ltd operates in the production and job work segment of forging items.
Gyscoal Alloys Limited- The stock exhibited a powerful breakout both in terms of price and volume, as it rallied and hit the upper circuit limit of 10%, reaching an intraday high of Rs 3.30 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Gyscoal Alloys Limited operates in the manufacturing segment of stainless steel and mild steel long products, utilizing scrap as raw material.
Kaushalya Infrastructure Development Corporation - There was substantial buying activity observed in the stock, leading to a surge of over 9.5% and trading at an intraday high of Rs 6.30 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Kaushalya Infrastructure Development Corporation Ltd is actively involved in the execution of construction contracts related to infrastructure, as well as real estate developments. The company is also engaged in activities such as the acquisition, development, and sale of land.