Stocks below Rs 100: Only buyers seen in these scrips on June 6

Stocks below Rs 100: Only buyers seen in these scrips on June 6

Sayali Kotwal
/ Categories: Trending, Mindshare

Around noon today, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the US markets ended lower by more than a per cent on Friday. 

Around noon today, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the US markets ended lower by more than a per cent on Friday. 

The US economy added 3,90,000 jobs in May, which is a better-than-expected number, despite fears of an economic slowdown amid the roaring pace of inflation. However, investors seem to vary of Fed’s stance, which is likely to remain aggressive. Fed already hinted at a 50-basis point rise in the month of June-July. Investors have been grappling with fears that the central bank could raise interest rates too fast and too much, causing a recession.   

The major US indices, Dow Jones and S&P 500 were down by 1.05 per cent & 1.63 per cent, respectively whereas Nasdaq index fell sharply by 2.47 per cent. US Futures are showing positive signs while in the overnight trade, it may recover from the major sell-off of last week 

China’s Caixin Services Purchasing Managers’ Index released on Monday came in at 41.4, better than April’s reading of 36.2 but is still in contraction territory.   

The Asia Pacific markets were also up with Shanghai Composite climbing 1.05 per cent and Hong Kong's Hang Seng advancing 1.09 per cent. 

Sensex was at 55,623.93, down by 135.05 points or 0.24 per cent while Nifty was at 16,543.85, down by 40.45 points or 0.24 per cent from the last trading session.       

On BSE, 1,303 shares have advanced, 1,970 shares declined whereas 184 shares are unchanged.               

The Top Gainers in Nifty 50 pack are Bajaj Auto, ONGC, JSW Steel, Cipla, and HDFC Life Insurance Company. Meanwhile, the Top Losers pulling down the index are Bajaj Finserv, Tech Mahindra, Shree Cements, BPCL, and Wipro.  

BSE Smallcap index is trading at 26,192.64, down by 0.72 per cent. The top gainers in the pack were Mangalore Chemicals & Fertilizers, Gallantt Metal, Sterling Tools, HBL Power Systems, and PG Electroplast. Each of these stocks has gained more than 8 per cent. Similarly, the top losers include Raymond, Anupam Rasayan India, Indiabulls Housing Finance, Spandana Sphoorty Financial, and Suzlon Energy.  

  On the sectoral front, all the sectors were trading in the red wherein BSE IT, BSE Consumer Durables, and BSE Realty dragged the broader markets the most.    

Following is the list of low-priced stocks that were locked in the upper circuit on Monday. Keep a close eye on these counters for the upcoming sessions:        

Sr No   

Stock  

LTP   

Price gain (per cent)  

1  

GMR Power & Urban Infra  

21  

5  

2  

Impex Ferro Tech  

14.09  

4.99  

3  

Future Lifestyles Fashion  

18.1  

4.99  

4  

Anand Rayons  

58.95  

4.99  

5  

Shah Alloys  

91.65  

4.98  

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