Penny Stocks Gainers Today - October 3, 2022

In a volatile session on Monday, the domestic equities indexes experienced significant losses. 

The mood of investors was depressed by negative global indications. Nifty reached its day's high of 17,114.65 in the early session, but it finished below the 16,900 level. While pharmaceutical and healthcare companies managed to end in the black, metals, autos, and bank sectors led the losers. According to preliminary closing statistics, the S&P BSE Sensex, the barometer index, fell 638.11 points, or 1.11%, to 56,788.81. Closing at 16,887.35, the Nifty 50 index fell 207 points or 1.21%. 

The India VIX on the NSE, which measures market expectations for short-term volatility, increased 6.99% to 21.37. The S&P BSE Small-Cap index lost 0.54%, while the S&P BSE Mid-Cap index dropped 1.24% in the overall market. Positive market breadth was seen as 2,102 shares sank and 1,446 rose on the BSE, while 156 shares were unchanged overall.

Gains for Zydus Lifesciences were 5.77%. The US Food and Drug Administration (USFDA) gave its final permission for the company's US affiliate, Zydus Pharmaceuticals (USA) Inc to distribute tablets containing the drug Mirabegron extended-release. FSN E-Commerce Ventures (Nykaa) increased 5.51% on the announcement that its board had approved awarding 5 bonus equity shares for each share held on Monday, October 3. (5:1).

In September 2022, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was 55.1, increasing for the fifteenth consecutive month. However, the headline figure decreased from 56.2 in August even though it still indicated a healthy rate of increase.

Asia's stock market sell-off comes after Wall Street's turbulent performance last week when worries about a global recession increased due to tightening monetary policy and nervousness in the currency and bond markets. On Monday, stocks dropped in Europe and Asia due to concerns that central banks will continue raising interest rates until inflation is under control.