Top 10 Penny Stocks Gainers Today - July 20, 2022

Nifty and Sensex ended 1% higher as IT and energy companies lead the surge, while the top gainers were ONGC and Mahindra.

Keeping with favourable global indications, the major equity indices closed out the day on Wednesday with significant gains. The Nifty finished over 16,500. media, auto, and real estate stocks fell, while shares in IT, FMCG, and metal advanced. The barometer index, the S&P BSE Sensex, increased 629.91 points or 1.15% to 55,397.53 on the provisional closing basis. To reach 16,520.85, the Nifty 50 index increased by 180.30 points or 1.10%. The major equity indices outperformed the overall market. While the S&P BSE Small-Cap index increased by 0.42%, the S&P BSE Mid-Cap index increased by 0.25%. Positive market breadth was present. 1,922 shares increased and 1,435 shares decreased on the BSE and 132 shares were unchanged overall. In four straight sessions, the Sensex increased by 3.64% and the Nifty by 3.65%.

List of Penny Stocks Today: July 20

Following Table Shows Penny Stocks That Gained Most on July 20

The Nifty Auto index experienced a four-day winning streak before dropping 0.22% to 12,511.30. Within four trading sessions, the index increased by 3.63%.

Tube Investments of India (down 2.94%), Mahindra & Mahindra (down 1.87%), Escorts Kubota (down 1.56%), Bosch (down 0.27%), TVS Motor Company (down 0.24%), and Bajaj Auto (down 0.02%) were the losers among the Nifty Auto index's constituents. Bharat Forge (up 1.97%), Asok Leyland (up 1.09%), and Hero MotoCorp (up 0.94%), on the other hand, all saw slight gains.

Following a significant increase in U.S. markets overnight, European and Asian stocks rose on Wednesday. China held the prime rates for loans with terms of one year and five years at 3.7% and 4.45%, respectively, on Wednesday. Investors will closely watch the European Central Bank's policy meeting on Thursday in Frankfurt. Policymakers have announced their intention to raise interest rates for the first time in 11 years, but they are also dealing with a slowing economy caused by the conflict in Ukraine and the ensuing threats to energy supplies.

Inflation in the United Kingdom increased to a 40-year high in June as food and energy costs increased even further. According to figures released on Wednesday, the annual rate of consumer price inflation increased to 9.4% in June from 9.1% in May.