Both the Sensex and Nifty experienced marginal declines of 0.10% and 0.09%, respectively. In contrast, the Nifty Midcap managed to secure a modest increase of 0.14%, while the Nifty Smallcap exhibited even stronger growth, recording a gain of 0.69%.
The sector-wise performance displayed a mixed picture, with Nifty Media, Nifty Auto, and Nifty Metal emerging as the top-performing sectors. On the flip side, Nifty PSU Bank, Nifty Realty, and Nifty IT faced headwinds, resulting in losses.
Within the Nifty 50 index, notable gainers included BPCL, Coal India, and Maruti. In contrast, Tech Mahindra, Apollo Hospitals, and Infosys experienced declines, positioning them as the primary laggards within the index.
The broader market sentiment remained positive, with approximately 1,185 stocks advancing in contrast to 835 stocks declining. This reflects an overall optimistic sentiment prevalent in the broader market.
The following penny stocks are likely to be in focus on Friday, October 13, 2023:
Dangee Dums
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 11.40 per share on the NSE. Dangee Dums Ltd is engaged in the business of manufacturing and trading of bakery & confectionery products.
Aakash Exploration Services
This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 5% upper circuit, reaching an intraday high of Rs 6.10 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. Aakash Exploration Services Limited provides services to oil and gas fields.
A B Infrabuild
The stock underwent a substantial surge in its stock price, zooming and getting locked at a 5% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 33.05 per share on the NSE. A B Infrabuild is engaged in activities like steel grinder bridges, railway infrastructure, and road contracts.
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
