Top 10 Penny Stocks Gainers Today - May 24, 2022

The Nifty 50 index closed down 0.55% today, while the Sensex has dropped 0.43%. 

Following a turbulent session on Tuesday, the major equity indices closed lower. The Nifty ended the day below 16,150, reversing the day's high of 16,262.80 reached in the afternoon session. IT, metals, and pharmaceutical stocks all fell, while financials and private banks rose. 

Top 10 Gainers Penny Stocks Today: May 24

Following Table Shows Penny Stocks That Gained Most on Tuesday 

The barometer index, the S&P BSE Sensex, lost 236 points, or 0.43%, to close at 54,052.61. The Nifty 50 index fell 89.55 points to 16,125.15, or 0.55%. The stock market as a whole lagged behind the benchmark indices. The S&P BSE Mid-Cap index dropped 0.85%, while the S&P BSE Small-Cap index dropped 1.140%.  

Market breadth was narrow. On the Bombay Stock Exchange, 1,042 shares climbed and 2,266 declined, with 122 shares that remained unchanged. Investors are assessing the global macroeconomic outlook as they await the minutes from the most recent Federal Reserve meeting, which are due on Wednesday and could provide insight into whether monetary tightening will continue.  

Today, the Nifty Media index fell 2.57% Over the last month, the index has dropped 15.00%. PVR Ltd lost 6.39%, Inox Leisure Ltd fell 6.12%, and Saregama India Ltd fell 2.05% among the members. In comparison, to the benchmark Nifty 50 index, which has increased by 6.10% in the last year, the Nifty Media index has increased by 15.00%. The Nifty IT index is down 1.88% on the day, while the Nifty Pharma index is down 1.53%.

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