Top 10 Penny Stocks Gainers Today - August 17, 2022

On Dalal Street, the bulls continued to be in control as the market posted gains for a seventh straight day on Wednesday. 

Auto, oil & gas, and pharma shares lagged behind while PSU banks, IT, financials, and consumer durables companies climbed. Investors eagerly anticipated the release of the US FOMC meeting minutes later today.

List of Penny Stocks Today: August 17

Following Table Shows Penny Stocks That Gained Most on August 17

The S&P BSE Sensex, the barometer index, increased 417.92 points, or 0.70%, to reach 60,260.13 as per preliminary closing data. To reach 17,944.25, the Nifty 50 index gained 119 points or 0.67%. The S&P BSE Small-Cap index increased 0.53% and the S&P BSE Mid-Cap index increased 0.64% in the overall market. Market breadth was substantial. 2,012 shares increased and 1,413 shares decreased on the BSE and 131 shares in total remained unchanged.

Bharti Airtel increased by 2.86%. The telecom giant reported having paid Rs 8,312.4 crore to the Department of Telecom (Government of India) as part of its obligation to pay for spectrum purchased in the recently finished 5G auctions. Aarti Drugs increased by 10.99%. The Directorate General of Trade Remedies (DGTR) proposed maintaining anti-dumping duties on ofloxacin imported from China, according to the media. The Bharat Gears soared 18.14%. The company's board of directors will meet on August 19, 2022, to discuss and authorise the issuance of bonus shares through the capitalization of reserves.

On Wednesday, European and Asian equities rose as a result of solid overnight profits from major American retailers, which suggested that the Federal Reserve still had room to raise interest rates in order to combat inflation. According to figures released by the Office for National Statistics on Wednesday, the UK consumer price index increased 10.1% annually, up from 9.4% in June. Tuesday saw gains for the Dow and S&P 500 in the US due to better-than-expected results and outlooks from Walmart and Home Depot, while the Nasdaq suffered due to falling technology firms.