Penny Stock Update: These stocks gained up to 7.56% on Thursday

The equity market continued its downward trend for the third day in a row. BSE Enhanced Value Index is the top gainer while BSE SME IPO is the top loser in today’s trade.

After the Indian market closed in red for two days in sequence, on Thursday (21st October 2021) market became even more volatile and closed in red. In today’s trade, most of the sectoral indices closed in negative whereas, while some managed to stay positive. This is the third-day Nifty 50 and BSE Sensex has closed with the red mark.  In today’s session, they are down by 88.50 points i.e.,0.48% and 336.46 points i.e., 0.55% respectively.

Stocks that dragged the Nifty 50 down are Reliance, Infosys, TCS, Asian Paints and Adani Ports. Likewise, stocks dragging the SENSEX were Reliance, Infosys, Asian Paints, TCS and HCL Tech.

On Thursday, S&P BSE Enhanced Value Index and S&P PSE Finance were top gainers. Enhanced Value Index stocks such as Union Bank, Tata Motors, Punjab National Bank, Bank of Baroda and Grasim Industries closed with a green mark. Shares of Union Bank and Tata Motors were up by 6.19% and 4.30% respectively.

The losers in today’s trade were from S&P BSE TECk, Metal and Telecom index. They closed 2% below their previous close. SME IPO and TECk dropped down by 194.92 points i.e., 2.84% and 340.42 points i.e., 2.14% respectively. On Wednesday’s trade the Telecom index closed positive but in today’s trade slipped down by 1.81%.

Besides the main index constituents, stocks from SME IPO saw a deep cut. Stocks such as Goblin India Ltd, Billwin Industries Ltd, Gian Life Care Ltd and Gensol Engineering Ltd were top losers dragging the index down in red mark. Goblin India Ltd and Billwin Industries Ltd closed down by 13.03% and 7.09% respectively in the Thursday trading session.

Here is the list of penny stock that gained up to 8% on a closing basis on Thursday 21st October 2021: