Top 10 Penny Stocks Gainers Today - September 21, 2022

Following unfavourable Asian indications, the major equities barometers experienced mild losses on Wednesday.

All other sectoral indices on the NSE ended in the red, with the exception of the Nifty FMCG index. The S&P BSE Sensex, the barometer index, dropped 262.96 points, or 0.44%, to 59,456.78 as of provisional closing. To reach 17,718.60, the Nifty 50 index dropped 97.65 points or 0.55%. The S&P BSE Small-Cap index was down 0.69%, while the S&P BSE Mid-Cap index fell 0.63% in the overall market. Today 1,290 shares increased and 2,168 shares decreased on the BSE, while 129 shares were unchanged overall.

List of Penny Stocks Today: September 21

Following Table Shows Penny Stocks That Gained Most on September 21

On Wednesday, European equities increased while all Asian stocks fell. Prior to the anticipated Federal Reserve rate hike, Wall Street closed in the negative. After the Reserve Bank of India (RBI) decided to take the public sector bank out of the prompt corrective action (PCA) framework, the Central Bank of India increased by 6.88%.  

KPIT Technologies had a 4.42% increase. In order to hasten the transition to software-defined vehicles, the business announced the acquisition of Technica Engineering from Munich (SDV). Following the company's announcement that it had acquired new orders totaling Rs 1,123 crore across its various operations, KEC International saw its share price rise by 3.32%. Following the announcement of an order win from one of India's leading public sector banks, Aurionpro Solutions saw a 1.56% increase in price. 

Ahead of the Federal Reserve's decision on monetary policy, investors became wary. Rate growth of three-quarters of a percent is anticipated. However, investors' focus is shifting to the Fed's most recent economic projections, which will reveal the Fed's outlook for rates as well as its predictions for inflation and employment. 

In recent weeks, Fed officials have spoken about their resolve to control inflation using any means necessary, despite the potential harm to the economy. Such a position may potentially portend a forthcoming recession.