The benchmark indices denied having a cheerful weekend and witnessed a steep fall with Sensex dipping over 1,000 points. Taking cues from losses in global peers, BSE Sensex plunged 1,114 points intraday before settling at 54,303, down by 1,017 points or 1.84 per cent. Meanwhile, Nifty 50 held the 16,200-mark to settle at the 16,202 level, sinking 276 points or 1.68 per cent. 

BSE Smallcap index relatively outperformed the broader markets by registering losses of 0.70 per cent to close at 25,857.42.

Highest put option open interest contract was added at a strike price of 16000 for expiry on June 16. 

Let's understand the concept of Stagflation.

Amidst all the chaos, there is only one stock on the Indian bourses that is seen defying gravity. A significant point to note here is that the stock has skyrocketed over 78 per cent in the last one week. 

Future Retail and Future Consumers continue to witness positive action.

ONDC is being marketed as an alternative to dominant global giants such as Amazon.com and Walmart owned Flipkart in India’s fast-growing e-commerce market, which is pegged as a USD 200 billion opportunity by 2027.  

The stock of Oriental Aromatics rose 10.83 per cent to Rs 583.15 after the business announced that its projected Mahad Greenfield Project had got environmental approval.

Indices traded lower throughout the day and Nifty plunged below 16,200. It closed lower by 1.68 per cent while Sensex tanked about 1,016 points.

Meanwhile, on a YTD basis, it would have turned into Rs 3.35 lakh! Similarly, if an investor had invested Rs 1 lakh in this penny stock, a year ago, its Rs 1 lakh would have become Rs 7.5 lakh today.