The Sensex concluded the trading day on a positive note, closing higher by 240 points above the 62,700 level. Similarly, the Nifty recorded gains, closing higher by 59.75 points within striking distance of 18,600 mark. The Nifty Midcap index saw a slight increase of 0.14%, while the Nifty Smallcap index registered a gain of 0.36%.
Among the sectors, Nifty Auto, Media, and Energy emerged as the top-performing sectors, whereas Nifty PSU Bank, FMCG, and IT were among the top losing sectors towards the end of the day. From the Nifty 50 index, M&M, Axis Bank, and Tata Motors emerged as the top gainers, exhibiting positive momentum. On the other hand, Tech Mahindra, Divi’s Laboratories, and Asian Paints were among the top losers from the Nifty 50 index during the final moments of trading.
The following penny stocks are likely to be in focus on Tuesday, June 06, 2023:
Blue Chip India- There was substantial buying activity observed in the stock, leading to a surge of over 14% and trading at an intraday high of Rs 0.40 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Blue Chip India Ltd is in the business of providing loans.
Ganga Forging- The counter experienced a notable increase in buying interest as the scrip surged by 19.57%, reaching an intraday high of Rs 5.50 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.
Parsvnath Developers - The stock exhibited a powerful breakout both in terms of price and volume, as it rallied 18.01%, reaching an intraday high of Rs 9.50 per share on the NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. The Parsvnath Group is a real estate brand with a pan-India presence in 37 cities across 13 states.