Indian stock markets hovered into negative territory on Friday as the global sell-off returned after the US stock market witnessed a heavy rout in Thursday’s session with Dow Industrials plunging more than 1,000 points. The S&P BSE Sensex was nosedived a much as 563 points to a one-and-half-month low of 33,849.65 with shares of blue-chip companies such as ICICI Bank, Axis Bank, Yes Bank, HDFC, Infosys, State Bank of India, Bharti Airtel, Adani Ports, HDFC Bank, Wipro, Bajaj-Auto, Kotak Mahindra Bank, L&T, Tata Motors, IndusInd Bank, Hero MotoCorp and Maruti Suzuki plummeting 1-3%. Almost all of the sectoral, as well as, broader market indices of National Stock Exchange traded down in the red with Nifty Bank, Nifty Fin Service, Nifty PSU Bank, Nifty Pvt Bank, Nifty 100, Nifty 200, Nifty 500 sinking the most.
A massive volatility was observed in the Indian stock markets as India Vix, the indicator of volatility shot up nearly 15% to 20.4225 in the intraday. Amid the heavy turmoil in the domestic markets, we take a look at top 10 penny stocks on Friday which surged up to 20% as Sensex traded down 500 points.
Shares of GV Films advanced as much as 19.48% to a day’s high of Rs 0.92; shares of P.B. Films gained 19.58% to Rs 1.71; shares of Tulsi Extrusions soared 18.67% to a day’s high of Rs 3.05. Other penny stocks which also saw a gained today are, SRS Real Infrastructure up 9.93%; PMC Fincorp up 9.52%; Rohit Ferro-Tech up 9.51%; Surana Industries up 9.23%; Perfect-Octave Media Projects up 9.49%; Radaan Mediaworks up 9.64% Kothari Sugars And Chemicals up 9.38% and Euro Ceramics up 8.63%.
Meanwhile today, Indian stock markets plummeted heavily with Sensex slumping 563 points and Nifty slipping below 10,400-level for the in 2018 as global sell-off extended following a landslide plunge in US stock markets on Thursday. The S&P BSE Sensex crumbled as much as 563.51 points to hit a nearly to a one-and-half-month low of 33,849.65 and NSE Nifty slipped below 10,400-mark for the first time in 2018 diving 178.65 to the current year’s low of 10,398.2. Earlier on Thursday, US equities witnessed a massive sell-off due to which the key equity index Dow Jones Industrial Average dived more than 4%. Meanwhile, a sharp decline in heavyweight shares of companies such as ICICI Bank, HDFC, HDFC Bank, ITC, Infosys, Reliance Industries, L&T and TCS contributed heavily to the index losses.