In the week ending June 20, the benchmark Sensex rose by approximately 1.6%. Amid this market uptrend, 11 penny stocks recorded weekly gains ranging from 10% to 25%. These stocks were identified based on specific criteria: a market capitalization of less than ₹1,000 crore, a share price under ₹20, and a recent minimum trading volume of 5 lakh shares. (Data Source: ACE Equity)
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.