Penny Stocks | Over the past few days, the Indian stock market has been witnessing significant fluctuations. Many companies are releasing their quarterly results for June. Significant buying activity is being observed in some shares.
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In the pressure of a bearish market, some companies are struggling to sell their shares. Due to the downturn in the share market, investors are facing significant losses. Shares of Glan Pharma were trading 9% higher on Tuesday. However, Petiam's shares saw a decrease of 2%.
As a result, people are uncertain about which shares to invest in. Major shares like NTPC, UltraTech Cement, SBI, Larsen & Toubro, Vipro, Titan, Tata Motors, HCL Tech, Tech Mahindra, and Maruti are also experiencing the cycle of growth. Tuesday's trading session saw slight increases in Nifty Midcap Index and Nifty Smallcap Index. Nifty Pharma, Nifty Energy, and Nifty PSU Bank indices were trading in the red.
Indices like Nifty IT, Nifty Auto, and Nifty FMCG are under considerable selling pressure. Shares like Hero MotoCorp, Cipla, and Dr. Reddy's Labs were trading with strong momentum. Shares of Adani Ports, Power Grid, and Adani Enterprises were in the green.
During Tuesday's trading session, 1,257 shares were trading in the red, while 582 shares were trading in the green in the stock market. On August 7, 2023, foreign institutional investors (FIIs) withdrew 1,893 crore rupees from the Indian stock market. Domestic institutional investors (DIIs) invested 1,080 crore rupees in the Indian stock market.
Shares of companies like GEE Engineering, Essar Securities, Vivanta Industries, Shreyas Intermediates, Shanti Guru Industries, Madhav Infra Projects, Ushdev International, Disha Resources, and Rolta India were locked in upper circuits. If you're confused about which share to invest in while considering the current performance of the stock market, you can consider purchasing shares from the expert-recommended list provided below.
Penny Stock List:
- GEE Engineering Limited
- Essar Securities Limited
- Vivanta Industries Limited
- Shreyas Intermediates Limited
- Shanti Guru Industries Limited
- Madhav Infra Projects Limited
- Ushdev International Limited
- Disha Resources Limited
- Rolta India Limited
- Ambitious Plastomech Limited
Disclaimer: Investing in mutual funds and the stock market is subject to risks. Seek advice from a financial advisor before investing in the stock market. Will not be responsible for any financial losses.