The Sensex closed the day with a slight increase of 5.4 points at the 62,792.88 level, while the Nifty 50 ended just slightly higher by 5 points at 18,599 level. Towards the end of the day, the Nifty Midcap rose by 44 points, and the Nifty Smallcap increased by 57 points.
During the day, the Nifty Realty, Auto, and Pharma sectors showed significant gains, while the Nifty IT, Energy, and Media sectors were among the top losers. Among the Nifty 50 stocks, Ultra Cement, Divi’s Laboratories, and Kotak Bank were the top gainers, while Tech Mahindra, Infosys, and TCS were the top losers at the end of the day.
The following penny stocks are likely to be in focus on Wednesday, June 07, 2023:
Yaari Digital Integrated Services- 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 13.80 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Yaari Digital Integrated Services Limited is engaged in the businesses of the digital platform, providing management, maintenance services, equipment hiring services, financial services, and certain other businesses.
Ganga Forging- The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at 10% upper circuit, reaching an intraday high of Rs 6.05 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.
Kaushalya Infrastructure Development Corporation - There was substantial buying activity observed in the stock, leading to a surge of over 9% 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.