The benchmark indices wrapped up the session with declines, marking the continuation of a two-session downturn. IT stocks exerted significant downward pressure, while pharmaceutical and metal stocks saw increased buying activity. The Sensex saw a decline of 47.77 points, equivalent to 0.072%, settling at 65,970.04, and the Nifty slipped by 7.30 points, or 0.037%, closing at 19,794.70. Market breadth favored decliners, with 1,721 shares advancing, 1,849 shares declining, and 114 shares remaining unchanged.
Among the top gainers on the Nifty 50 were Divis Labs, Cipla, Adani Enterprises, Hindalco and Axis Bank, while notable losers included HCL Technologies, Wipro, Apollo Hospitals, TCS and Britannia. The BSE Midcap and Smallcap indices concluded the session with gains of 0.13% and 0.14%, respectively.
The following penny stocks are likely to be in focus on Tuesday, November 28, 2023:
Onelife Capital Advisors
The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 20% upper circuit, reaching an intraday high of Rs 21.30 per share on the NSE. Onelife Capital Advisors is in the business of providing advisory services, commodity broking and other related ancillary services.
Compucom Software
This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 20% upper circuit, reaching an intraday high of Rs 36.05 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. Compucom Software is in the business of software and education.
Archies
The stock underwent a substantial surge in its stock price, zooming and getting locked at a 5% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 26.15 per share on the NSE. Archies Ltd is a retailer of greeting cards, gifts and stationery items.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.
