Penny Stocks Gainers Today - October 10, 2022

The major stock indices had modest losses on Monday.

The Nifty ended up under the 17,250 mark. All sectoral indices on the NSE traded in the red, with the exception of the Nifty IT index. Investor mood was weakened by unfavourable global indicators. The barometer index, the S&P BSE Sensex, dropped 200.18 points or 0.34% to 57,991.11 as per preliminary closing data. Nifty 50 index decreased by 73.65 points, or 0.43%, to 17,241. The S&P BSE Small-Cap index fell 0.58% while the S&P BSE Mid-Cap index fell 0.87% in the overall market.

List of Penny Stocks Today: October 10

Following Table Shows Penny Stocks That Gained Most on October 10

Market breadth was in the red as 2,099 shares declined and 1,460 climbed on the BSE and 170 shares remained unchanged overall. Prior to the release of its Q2 earnings, which are coming later today, the IT giant Tata Consultancy Services (TCS) saw a gain of 1.84%. The India VIX on the NSE, which measures market expectations for short-term volatility, increased 4.30% to 19.6225. To 28,027.60, the Nifty IT index increased by 1.06%. In the previous session, the index dropped by 0.70%. 

One 97 Communications (Paytm) saw a gain of 2.47%. The company said that for the quarter ending in September 2022, the lending business grew by 224% year over year (YoY). Following the announcement that its board had agreed to sell a sizable cement business, Jaiprakash Associates surged 10.47%. Gaining 9.13%, IDBI Bank was buzzing today. The bank was to be privatised, and the government requested bids. With the transfer of management control, the Government of India (Gol) has begun the process of strategic disinvesting in IDBI Bank. After the company recorded a net profit of Rs 4.52 crore in Q2 FY23 compared to a net loss of Rs 3.67 crore in Q2 FY22, shares of International Travel House increased by 12.44%.

Stocks in Europe and Asia fell on Monday after an unexpected decline in US unemployment dashed hopes of a policy reversal ahead of an inflation reading that is anticipated to show core prices rising once more.