Top 10 Penny Stocks Gainers Today - August 01, 2022

The major market indices posted solid gains on Monday, finishing close to the day's high. 

The Nifty started the session at 17,243.20, and as the session went on, it climbed higher to close over the 17000 mark. The major market indices posted solid gains on Monday, finishing close to the day's high. The Nifty climbed steadily during the session to close over the 17,300 mark. Tata Motors saw a 6.77% increase when the business reported 81,790 vehicles sold in the domestic and international markets in July 2022, up from 54,119 units in July 2021 and an increase of 51%. Following the company's announcement that its total auto sales for the month of July 2022 were 56148 units, Mahindra & Mahindra (M&M) saw a 6.29% increase.

List of Penny Stocks Today: August 01

Following Table Shows Penny Stocks That Gained Most on August 01

All of the sectoral indexes on the NSE, except for the Nifty Pharma index, finished in the green, with gains in auto, media, and oil & gas stocks. The S&P BSE Sensex, the barometer index, increased 545.25 points or 0.95% to reach 58,115.50 as of preliminary closing data. The Nifty 50 index rose 17,340.05 points, or 181.80 points, for a 1.06% gain. Throughout four trading sessions, both indices have increased by more than 5%. The frontline indices underperformed the overall market. While the S&P BSE Small-Cap index increased by 1.47%, the S&P BSE Mid-Cap index increased by 1.51%.

Market breadth was progressive as 2,306 shares increased and 1,154 shares decreased on the BSE and 196 shares were unchanged overall. The finance ministry reported on August 1 that India's GST revenue for July increased by 28% over the same month the previous year to Rs 1,48,995 crore. Since the implementation of the GST, this revenue ranks second highest. The amount of GST money collected in July was 3% more than it was in June.

On Monday, stocks in Europe and Asia rose. Last week, investors analysed a fresh batch of business profits and significant economic data coming from the euro zone.