Top 10 Penny Stocks Gainers Today - August 05, 2022

Indices end in green territory, on Nifty 50, IT and Bank sector gained the most.

The major equity indices on Friday ended with modest gains. Stocks of banks, financial services, and IT were in high demand. Auto, consumer durables, and media companies, on the other hand, were under pressure. European stock market weakness led to profit taking in local shares. The Reserve Bank of India (RBI) raised the interest rate by 50 basis points to 5.4% while maintaining its 7.2 % FY23 GDP growth prediction.

List of Penny Stocks Today: August 5

Following Table Shows Penny Stocks That Gained Most on August 5

The S&P BSE Sensex, the barometer index, increased 89.13 points, or 0.15 %, to reach 58,387.93. To reach 17,397.50, the Nifty 50 index increased 15.50 points or 0.09%. The S&P BSE Small-Cap index increased by 0.23%, while the S&P BSE Mid-Cap index increased by 0.09% in the overall market.

The Nifty gained modestly during most of the afternoon, after opening higher. In mid-afternoon trade, it briefly entered the red and reached the day's low of 17,348.75. In late trading, it recovered and finished with modest gains. Positive market breadth was present. 1,865 shares increased and 1,488 shares decreased on the BSE and 144 shares in total remained unchanged.

After the company's net profit increased 19.3% to Rs 302.60 crore on a 17.8% increase in net sales to Rs 1667.40 crore in Q1 June 2022 over Q1 June 2021, Bayer CropScience saw a 3.69% increase. After the company's consolidated net loss shrunk to Rs 5.87 crore in Q1 June 2022 from Rs 83.43 crore in Q1 June 2021, Thomas Cook (India) rose 3.79%. In Q1 of June 2022, net sales increased 238.9% year over year to Rs 976.17 crore.

The MPC now anticipates that the UK will experience a recession beginning in the fourth quarter of 2022 and lasting for five quarters as real household post-tax income plunges precipitously in 2022 and 2023 and consumption slows.