The Sensex concluded the day with a gain of 0.56%, surpassing the 63,100 mark, while the Nifty experienced a 0.68% increase, exceeding the 18,700 level.
Nifty Midcap and Smallcap indexes witnessed gains of 1.04% and 1.35% respectively. During the final hours of trading, the top-performing sectors were Nifty Realty, Metal and Energy.
From the Nifty 50, Britannia, BPCL and HDFC Life emerged as the leading gaining stocks, whereas Cipla, Bajaj Finance and Kotak Mahindra were among the top losing stocks.
The following penny stocks are likely to be in focus on Thursday, June 08, 2023:
S E Power Ltd- The stock exhibited a powerful breakout both in terms of price and volume, as it rallied and hit the upper circuit limit of 20%, reaching an intraday high of Rs 17.10 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. S E Power Ltd is engaged in the manufacturing of reclaimed rubber and production of power through renewable power generation plants.
DB (International) Stock Brokers - The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at 20% upper circuit, reaching an intraday high of Rs 27.70 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. The company is engaged in a single line of business i.e. stock broking and provides depository participant services of CDSL.
Oil Country Tubular - There was substantial buying activity observed in the stock, leading to the stock getting locked at 20% upper circuit and trading at an intraday high of Rs 20.25 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Oil Country Tubular Ltd is engaged in the manufacturing of casing, tubing and drill pipe which are used in the drilling and exploration of oil and gas.