In today’s market session, both the Sensex and Nifty closed in the red, with the Sensex Index down by 0.15% and the Nifty-50 Index by 0.13%. Due to the budget announcement today, throughout the session, there was significant volatility in the market, while the index remained muted during the day. The expected volatility and significant movement were missing in today’s major event.
On the sectoral front, there was mixed sentiment, with some indices closing in the green and others in the red. The NSE PSU Bank, Auto, and PSE indices were the top gainers, while the media, metals, and realty sectors were the top losers.
In the Nifty50 space, Maruti Suzuki, Power Grid, and Cipla emerged as prominent gainers, while Grasim Industries, L&T, and UltraTech Cement were the top losers within the Nifty 50 index.
The following penny stocks are likely to be in focus on Friday, February 02, 2024:
FCS Software Solutions Limited
FCS Software Solutions is an IT company based in Noida, established in 1993. It provides services in IT consulting, IT infrastructure management, IT-enabled services, and learning solutions. The company also leases immovable property, including IT infrastructural property.
The stock experienced a substantial surge in its stock price, zooming and getting locked at a 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an intraday high of Rs 5.80 per share on the NSE and finally closed at Rs 5.80 each.
Moksh Ornaments Limited
Moksh Ornaments Ltd is in the business of exporting and trading gold jewelry. The company was incorporated in 2012.
The stock underwent a substantial surge in its stock price, rising by 5%, indicating a strong breakout in both price and volume. The stock reached an intraday high of Rs 20.65 per share and finally closed at Rs 19.60 each on the NSE.
Surana Telecom and Power Limited
Surana Telecom and Power is engaged in the manufacturing and trading of solar-related products, as well as the generation of solar power and wind power. The company was incorporated in 1984.
The stock underwent a substantial surge in its stock price, rising by 5%, indicating a strong breakout in both price and volume. The stock reached an intraday high of Rs 19.95 per share on the NSE and finally closed at Rs 19.95 each.
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.