Top 10 Penny Stocks Gainers Today - September 15, 2022

The frontline indices underperformed the overall market. While the S&P BSE Small-Cap index increased by 0.06%, the S&P BSE Mid-Cap index increased by 0.31%. Market breadth was in the red as 1,701 shares increased and 1,797 shares decreased on the BSE and 122 shares were unchanged overall. 

In anticipation of a global downturn and stricter monetary policy, Fitch Global Ratings has lowered its prediction for India's GDP growth. In its assessment of the outlook for global growth, the rating agency revised its projection of the Indian economy's growth in FY23 from 7.8% to 7%. Estimates for FY24 have also decreased from 7.4% to 6.7%. 

Following Wednesday's gloomy session, the majority of European markets rose on Thursday while Asian stocks were divided. In China, the central bank maintained the same interest rate for its one-year medium-term lending facility (MLF) at 2.75%. 

Due to the passing of Queen Elizabeth II, the Bank of England postponed its monetary policy meeting until next week.  

The Bureau of Labor Statistics said on Tuesday that US inflation increased more than anticipated in August as rising housing and food expenses offset a decline in gas prices. The consumer price index, which measures the cost of a wide range of goods and services, rose 0.1% in the month and 8.3% in the previous 12 months. Without volatile food and energy prices, CPI increased 6.3% from the prior month and 0.6% from July.