The Sensex concluded the day with a decline of 0.47%, falling below the 62,900 level, while the Nifty experienced a decrease of 0.49%, dropping below the 18,700 level. The Nifty Midcap and Smallcap indices ended the day on a negative note, declining by 0.55% and 0.95% respectively.
Nifty Energy and Metal sectors performed well, while Nifty Realty, Media, and IT sectors faced significant losses by the end of the day. Among the stocks in the Nifty 50 index, NTPC, JSW Steel, and ONGC showed notable gains, whereas Grasim, Kotak Bank, and Sun Pharma experienced significant losses.
The following penny stocks are likely to be in focus on Friday, June 09, 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 20.50 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 the production of power through renewable power generation plants.
Essar Shipping- 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 11.65 per share on BSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. The company is mainly engaged in fleet operating and chartering activities and operates international and coastal voyages.
Accuracy Shipping - There was substantial buying activity observed in the stock, leading to a surge of 19.13% and trading at an intraday high of Rs 13.70 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Accuracy Shipping Ltd is a provider of end-to-end logistics solutions, including transportation, distribution, freight forwarding, customs house clearance, warehousing, and value-added services.