Penny stocks are scrips belonging to companies with a small market capitalisation, usually under Rs 100-200 crore.
Data show that institutions increased their stakes by more than 1% in these companies.
Seshasayee Paper tumbles as state govt asks co to restrict usage from Cauvery river.
Reliance Industries' shares have surged nearly 26% since Jan 1.
Analysts said Google could prioritise its own search results over Just Dial or any other company's.
Geo-political tensions surrounding Syria, North Korea kept the Nifty on tenterhooks, with the indices trading in narrow range of 9150-9240 closing the week at 9150.
The S&P BSE IT index has underperformed the Sensex in the last 3-months with a gain of 3.2% versus a gain of 11.5% in the Sensex in the same period.
Investors can also accumulate Bharti Airtel, Dabur at current levels for short term gains he says.
Encouraging corporate earnings in the form of double-digit profit growth across sectors like banks, auto, FMCG and energy may be necessary to sustain the market's upward momentum and premium stock valuations.
The BSE Sensex settled 0.7%, or 220 points lower, at 29,706 and the NSE Nifty fell 0.7%, or 63 points, to close at 9,198. Both indices gained 0.3% this week.
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