Penny Stock Update: These shares gained almost up to 20% today

Indian equity benchmarks Nifty and Sensex started Thursday's session in the red.  

The Indian stock market opened on a lower note on Thursday, with both the Nifty and Sensex benchmarks showing modest losses early on, in line with global trends. The Nifty index was trading below the 17,100 level, while stocks in the pharmaceutical, healthcare, and media sectors showed gains. Conversely, IT, PSU bank, and financial services shares declined. 

As of 10:08 IST, the S&P BSE Sensex was down by 0.08% or 45 points to 58,169.42, while the Nifty 50 index lost 0.08% or 13 points to 17,138.10. In the broader market, the S&P BSE Mid-Cap index saw a 0.01% gain, while the S&P BSE Small-Cap index jumped 0.26%. The overall market breadth remained positive, with 1,367 shares rising, 1,206 shares falling, and 99 shares remaining unchanged on the BSE.

Following Table Shows Penny Stocks That Gained the Most on 23 March-2023

India's 10-year benchmark federal paper saw a decline in yield, falling from 7.354 to 7.322 in the previous trading session. Meanwhile, the rupee showed a slight increase against the dollar in the foreign exchange market, hovering at 82.2650 compared to the previous close of 82.5950. MCX Gold futures for the 5 April 2023 settlement experienced a loss of 0.88%, trading at Rs 59,275. The US Dollar index (DXY) also decreased by 0.22% to 102.12, while the United States' 10-year bond yield dropped by 1.29% to 3.455. In the commodities market, Brent crude for May 2023 settlement saw a decline of 0.86% or 66 cents to USD 76.03 per barrel. The Federal Reserve followed predictions by hiking its benchmark interest rate by 25 basis points, bringing the target range for the federal funds rate to between 4.75% and 5%.