Top 10 Penny Stocks Gainers Today - Jun 07, 2022

The Indian stock markets finished the day on a downbeat note. On Tuesday, the Nifty 50 index slid 0.92% to 16416.35, while the Sensex index fell 1.02% to 55107.34. The S&P BSE Mid-Cap index fell 0.77%, while the S&P BSE Small-Cap index fell 0.67%.

Buyers were outnumbered by sellers. On the Bombay Stock Exchange, 1,289 shares climbed and 2,002 declined, 127 shares remained unchanged. RBI is very likely to raise the policy rate again after the 40 basis point rate hike on May 4, 2022.

Top 10 Gainers Penny Stocks Today: Jun 07
 

Following Table Shows Penny Stocks That Gained Most on Tuesday

What is actually bothering Indian equities markets is the fact that foreign portfolio investors are still selling. The selling by FPIs is motivated by the rise in interest rates in the United States, as well as the prospect of more rate hikes in the future.

They are assuming that the Indian economy's challenges will persist at least in the medium-term run. The problem has been exacerbated by rising inflation. In order to control inflation, interest rates will be raised, which will result in a slowing of growth.

Today, the Nifty Realty index fell 1.67% to 396.75. Over the last month, the index has dropped 3.00%. Indiabulls Real Estate Ltd decreased 4.13%, Godrej Properties Ltd down 2.86%, and Prestige Estates Projects Ltd fell 2.59% among the members.

Over the last year, the Nifty Realty index has increased by 12.00%, compared to a 4.22% growth in the benchmark Nifty 50 index. The Nifty Media index has fallen 1.60% on the day, while the Nifty IT index has fallen 1.57%.

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