Over the past two months, 14 penny stocks have witnessed sharp corrections, declining between 15% and 55%. These underperformers were identified through a screen that focused on stocks with a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares. The screen highlights low-priced, relatively liquid penny stocks that have come under significant selling pressure during the period. (Data source: ACE Equity)

Although penny stocks often attract investors with their low entry prices and potential for rapid gains, they come with substantial risks. Due to low liquidity, high volatility and limited transparency, they are prone to manipulation and sudden price drops. Without a clear strategy and strong risk controls, investors may face more losses than gains.

With this, the total outflow by Foreign Portfolio Investors (FPIs) from the equity market has reached Rs 2.25 lakh crore in 2026, which is higher than the Rs 1.66 lakh crore pulled out during the entire 2025, according to data with the NSDL.

FPIs were net sellers in all months of 2026, except February. They withdrew Rs 35,962 crore in January before turning net buyers in February, when they invested Rs 22,615 crore, the highest monthly inflow in 17 months.

However, the trend reversed in March, when foreign investors pulled out a record Rs 1.17 lakh crore. The selling continued in April with net outflows of Rs 60,847 crore and extended into May with withdrawals of nearly Rs 33,000 crore.

FPIs have been selling Indian equities due to a combination of weak earnings growth, rupee depreciation and more attractive opportunities in other markets, market experts said. However, the pace of selling has been moderated.

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Geojit Investments Chief Investment Strategist V K Vijayakumar said subdued earnings growth in India, compared with significantly stronger corporate performance in markets such as the US, Japan, South Korea and Taiwan, has prompted FPIs to shift capital overseas.
“The strong artificial intelligence-led rally in markets such as South Korea and Taiwan has also attracted foreign capital away from India,” Vijayakumar said.Sachin Jasuja, Head of Equities and Founding Partner at Centricity WealthTech, said the persistent depreciation of the rupee has emerged as another key factor behind FPI outflows.

“The rupee has weakened nearly 6 per cent so far in 2026 and around 10 per cent over the past year, falling from the mid-80s to about 95.5 against the US dollar despite RBI’s efforts to defend the currency,” he said.

Jasuja noted that India’s heavy dependence on crude oil imports has further aggravated concerns. With the country importing more than 80 per cent of its crude requirements, the sharp rise in Brent crude prices from the USD 70 per barrel range to USD 95-105 amid disruptions around the Strait of Hormuz has widened both the import bill and the current account deficit.

“A weaker rupee directly impacts dollar-denominated returns for foreign investors, making it one of the biggest reasons for continued FPI selling,” he said.

The pace of selling has been moderated in May compared to previous months.

Himanshu Srivastava, Principal – Manager Research at Morningstar Investment Research India, said moderation in outflows suggests that foreign investors are becoming less aggressive in reducing their India exposure compared with the heavy selling witnessed earlier in the year.

” One of the key reasons behind this trend has been the gradual improvement in global risk sentiment. Concerns around global trade tensions, tariff-related developments, and growth uncertainties, while still present, have eased somewhat from the elevated levels seen a few months ago,” he added.

On the outlook, Jasuja said a reversal in FPI flows is unlikely in the near term unless there is a significant improvement in macroeconomic conditions.

Analyst forecasts are more than just numbers; they provide a forward-looking perspective on market potential. For investors looking for the next breakout opportunities, a fresh analysis of Nifty Mid-Cap 100 stocks reveals several compelling prospects.

Based on market analysts’ consensus estimates, Trendlyne data indicates that several mid-cap stocks are expected to deliver strong returns over the next 12 months. This projected upside reflects the average anticipated gain during this period, offering a data-driven roadmap for investors exploring high-potential mid-cap opportunities. We highlight nine standout mid-cap stocks with an estimated upside potential ranging between 25% and 45% in the coming year.

NEW YORK — A24’s horror thriller “Backrooms,” adapted from an internet-born phenomenon, is projected to open between $85 million and $88 million domestically this weekend, setting a new studio record and outperforming last weekend’s debut of Disney’s “Star Wars: The Mandalorian and Grogu.”

The film, directed by 20-year-old Kane Parsons, posted an estimated $38.4 million on Friday, including $10.4 million in Thursday previews. That first-day total already surpasses many expectations for an independent horror release and positions “Backrooms” as a breakout success in a competitive summer market. Some industry estimates suggest the three-day figure could reach as high as $90 million once final tallies are complete.

The movie expands into more than 3,400 theaters across North America while launching simultaneously in about 50 international territories. Early overseas estimates point to around $36 million, potentially delivering a global opening in the $121 million to $124 million range. Key markets include the United Kingdom, Italy, Australia, Mexico, Brazil, South Korea and Saudi Arabia.

“These filmmakers are in a dialogue with their audience,” Warner Bros. executive Michael De Luca said, addressing the strong connection built by projects like “Backrooms” that originate from online communities.

Targeted Campaign Drives Results

“Backrooms” draws from Parsons’ popular YouTube series featuring liminal spaces and analog horror aesthetics. Its marketing strategy focused heavily on digital platforms and core fan bases rather than broad traditional advertising. Industry sources indicate the campaign budget was modest compared to major studio releases, closer in scale to targeted horror efforts like Neon’s “Longlegs,” though slightly higher.

This approach contrasts with the reported near-$100 million promotion and advertising spend behind “The Mandalorian and Grogu,” which opened to $81.6 million the previous weekend on the strength of its established franchise appeal and Disney’s extensive campaign. “Backrooms” managed stronger opening-day business despite the more curated, cost-efficient push, highlighting the value of organic buzz and internet-native storytelling.

The performance marks a significant milestone for A24, far exceeding its previous best opening of around $25.5 million for “Civil War” in 2024. It also underscores a broader trend of audience enthusiasm for original genre films that feel authentic to their digital roots rather than heavily manufactured studio products.

Focus Features‘ ‘Obsession’ Sets Distributor Benchmark

Complementing the weekend’s horror momentum, Focus Features’ “Obsession” continues its impressive run. The low-budget film, directed by Curry Barker and produced for under $1 million, is on track to surpass $106 million worldwide, setting a new record for the distributor.

In its second weekend, “Obsession” added an estimated $23.9 million domestically, pushing its North American total past $60 million. The movie has defied typical horror drop patterns with strong audience retention, showing second-weekend growth that stands out in the genre. Its global success has already elevated it among Focus Features’ top releases of all time.

Together, “Backrooms” and “Obsession” signal renewed theatrical appetite for inventive, efficiently made horror titles. Both films have capitalized on social media engagement, word-of-mouth and repeat viewings, particularly among younger demographics seeking fresh experiences.

Industry Context and Implications

The strong results arrive as Hollywood continues navigating recovery challenges, including rising production and marketing costs alongside fragmented audience habits. Major franchise entries like “The Mandalorian and Grogu” delivered respectable but not dominant numbers, opening the door for original content to capture significant market share.

For A24, the success validates its model of nurturing unique voices and viral concepts. The studio has built a reputation for elevated genre fare that resonates culturally and commercially. Parsons’ transition from YouTube creator to feature director mirrors a growing pipeline of digital talent entering mainstream filmmaking.

“Backrooms” originated as online creepypasta-style content exploring unsettling empty spaces. Its big-screen adaptation preserved the atmospheric tension that built its fan base, translating effectively to theaters and drawing crowds seeking immersive horror.

Internationally, the film’s rollout in diverse markets including South Korea and Taiwan benefits from the global popularity of analog horror aesthetics. Early reports suggest solid turnout where online communities have long engaged with the source material.

Broader Box Office Trends

This weekend’s newcomers are performing against a backdrop of holdover titles experiencing typical second-weekend declines. The efficient performance of “Backrooms” offers a case study in targeted marketing yielding outsized returns. By focusing on core audiences through digital channels, the campaign created genuine excitement without relying on blanket exposure.

Focus Features has similarly maximized “Obsession” through grassroots appeal and strong retention. The film’s low production cost combined with its worldwide earnings demonstrates the profitability potential of smart genre betting in today’s market.

Analysts note that both releases benefit from timing in the early summer period, when audiences seek escapist entertainment. The horror genre’s resilience, especially with innovative storytelling, continues to provide reliable returns for studios willing to take calculated risks.

Exhibitors have reported enthusiastic crowds and packed screenings for “Backrooms,” with fans reacting strongly to its visual style and psychological elements. The film’s ability to convert online familiarity into ticket sales highlights evolving consumption patterns where internet culture directly influences theatrical success.

Future Outlook for Original Horror

The dual achievements of “Backrooms” and “Obsession” may encourage more investment in original properties over reliance on established intellectual property. As costs for franchise films escalate, the model of cultivating audience dialogue through authentic storytelling appears increasingly attractive.

For Parsons, the debut represents a remarkable breakthrough. His feature directorial debut has not only broken records but also expanded the reach of his creative vision beyond digital platforms.

A24 and Focus Features have positioned themselves as key players in delivering compelling genre content that connects with modern audiences. Their success this weekend contributes to a more diverse box office landscape where independent and mid-tier studios can compete effectively.

As Sunday estimates finalize, industry attention will turn to Monday’s official numbers and longer-term projections for both films. “Backrooms” appears set for a multi-week run if it maintains momentum, while “Obsession” continues building on its breakout trajectory.

The weekend underscores the enduring draw of well-crafted horror and the power of targeted, fan-focused releases in driving theatrical revenue. In a competitive environment, these films demonstrate that originality and audience alignment remain potent ingredients for success.

ST. PETERSBURG, Fla. — A tense standoff during the national anthem led to three pregame ejections Friday as the Tampa Bay Rays hosted the Los Angeles Angels at Tropicana Field, overshadowing what became a victory for the visitors in a game marked by unusual early drama.

Third-base umpire ejected Angels reliever Brent Suter and Rays pitchers Steven Wilson and Manuel Rodríguez before any pitches were thrown. The incident occurred moments after “The Star-Spangled Banner” concluded, with Suter remaining positioned near the third-base dugout while Wilson and Rodríguez stood across the field near the first-base dugout alongside team mascots.

The Los Angeles Angels went on to defeat the AL East-leading Rays in the late-afternoon contest. However, the pregame events dominated discussions, highlighting ongoing sensitivities around pregame protocols in Major League Baseball.

Suter, a veteran left-hander, was in the lineup for the Angels. Wilson and Rodríguez, both on rehabilitation assignments with the Rays, were participating in pregame activities. Their removal forced roster adjustments before the first pitch, with Drew Rasmussen starting for Tampa Bay.

Details of the Incident

Witnesses described the situation as a “standoff” that escalated quickly. After the anthem ended, the players’ decision to remain in place rather than return to standard positions drew the umpire’s attention. MLB protocols generally expect players and personnel to conclude anthem-related observances promptly to maintain game flow.

Umpires issued the ejections under rules governing unsportsmanlike conduct and failure to adhere to pregame procedures. No immediate statements detailed the exact reasoning, but the unusual nature of the removals — occurring before the game officially began — sparked immediate attention across sports media.

The Rays, currently leading the AL East, entered the series with strong momentum. The Angels, seeking to improve their standing in the AL West, used the victory to build confidence despite the early disruptions.

Broader Context in MLB

National anthem presentations have been points of discussion in professional sports for years. MLB has maintained traditions of playing the anthem before games, with players typically standing respectfully along the baselines. Deviations or perceived protests have occasionally led to controversies, though outright ejections before a game are rare.

This incident comes amid heightened attention to league policies on conduct, especially following past debates involving player expressions during the anthem. MLB Commissioner Rob Manfred has emphasized consistency in game operations while respecting individual views.

Teams on rehabilitation assignments, like Wilson and Rodríguez, often participate in pregame routines with the active roster. Their involvement added complexity to the situation, as did the presence of team mascots near the first-base area.

Tropicana Field, known for its indoor environment and unique features, has hosted many memorable moments. Friday’s events added an unexpected chapter to its history.

Player Backgrounds and Season Context

Brent Suter has built a solid career as a reliable reliever, contributing to multiple teams with his versatility. His ejection marked an unusual start to his day, though he remained available later in the game if needed.

For the Rays, Steven Wilson and Manuel Rodríguez represent important depth. Rehabilitation stints aim to return pitchers to full strength, but the pregame incident interrupted their preparation. Drew Rasmussen, stepping in as the starter, delivered a solid performance despite the distractions.

The Rays’ strong divisional position reflects effective roster management and pitching depth throughout the 2026 season. The Angels have shown flashes of potential but continue working to find consistency.

Game Recap and Statistical Highlights

Despite the early ejections, baseball proceeded with standard intensity. The Angels capitalized on opportunities, rolling past the Rays with timely hitting and effective pitching. Key offensive contributions helped secure the win on the road.

Rasmussen threw effectively for Tampa Bay, navigating the altered bullpen situation. Both teams displayed professionalism after the initial disruption, focusing on competitive play.

Attendance at Tropicana Field reflected typical Friday crowds for a divisional interleague matchup. Fans reacted with surprise to the early ejections, with some discussing the event throughout the game via social media.

Reactions Across Baseball

The sports world took notice quickly. Discussions highlighted the balance between tradition, personal expression and game rules. Analysts noted that while anthem moments can carry symbolic weight, pregame ejections remain uncommon and signal potential need for clearer guidelines.

League officials are expected to review the incident. Standard procedure involves reports from umpires to MLB headquarters for any unusual occurrences.

This event joins a small list of notable pregame controversies in recent MLB history. Most games proceed smoothly, with players and staff adhering to established customs.

Implications for Teams and League

For the Rays, maintaining focus after the unusual start proved important for their divisional lead. The team has emphasized resilience throughout the season.

The Angels gained a valuable road win, boosting morale as they navigate their schedule. Such victories against strong opponents can shift momentum.

Broader questions about pregame protocols may emerge. MLB continues refining policies to ensure smooth operations while addressing evolving social dynamics in sports.

Younger players and veterans alike navigate these expectations. Incidents like this often prompt internal team discussions on conduct and unity.

Looking Ahead in the Series

The Rays and Angels continue their series this weekend, offering chances to move past Friday’s events. Both clubs feature talented rosters capable of high-level play.

Tampa Bay aims to protect its AL East position with strong pitching and timely offense. Los Angeles seeks improved consistency to climb standings.

Fans anticipate competitive baseball as the teams face off again. The incident may add narrative interest, but on-field performance will determine series outcomes.

As MLB progresses through 2026, maintaining focus on the game remains central. Traditions like the national anthem hold significance for many, while leagues work to accommodate diverse perspectives.

Friday’s events at Tropicana Field served as a reminder of the delicate balance in professional sports. With three players ejected before the first pitch, the game highlighted how quickly situations can escalate in high-profile settings.

The Rays-Angels matchup ultimately delivered baseball action, but the pregame standoff ensured the night would be remembered for more than just the final score. As both organizations review internal procedures, the league monitors for consistency across all ballparks.

This type of occurrence underscores the unique environment of live sports, where preparation meets real-time decision-making. Umpires, tasked with enforcing rules, made calls based on observed actions.

For players like Suter, Wilson and Rodríguez, the ejections represent rare entries on their records. Their focus now shifts back to on-field contributions in upcoming games.

The 2026 season has featured strong competition across divisions. Stories like this add layers to the baseball narrative, engaging fans beyond standard statistics.

As the weekend series unfolds in St. Petersburg, attention returns to pitching matchups and strategic battles. The Rays’ home advantage at Tropicana Field could play a role in subsequent contests.

Baseball’s appeal lies in its daily drama and unexpected moments. Friday’s national anthem-related ejections provided one such chapter in an otherwise routine schedule.