Shares below Rs 100: Only buyers were seen in these stocks on December 23!

Shares of Syncom Formulations (India) Ltd, the top BSE Smallcap gainer, rocketed and locked at 20 per cent upper circuits.

Overnight, US markets witnessed intense selling, resulting in significant drops in Wall Street indices. Asian markets were also trading on lower notes, with Indian benchmark indices suffering the most damage. 

More than 9 sectors tumbled over 3 per cent each and the utilities and power sectors plunged over 5 per cent, which significantly weighed down the indices. The least impacted sectors were BSE Healthcare and BSE Bankex. Pharmaceutical and healthcare companies were rising as the global Covid situation worsened.  

BSE Smallcap index plummeted 4.11 per cent, highlighting the domestic market weakness. Shares of Syncom Formulations (India) Ltd, the top BSE Smallcap gainer, on the other hand, rocketed and locked at 20 per cent upper circuits.  

At 3:30 pm, the BSE Sensex plunged 1.61 per cent, reaching a level of 59,845. The Nifty 50 index slumped 1.77 per cent to the 17,806 level. Tata Steel, Tata Motors and State Bank of India took the brunt of the damage on the Sensex, with all 30 stocks finishing the session in the red.  

Following is the list of low-priced stocks that were locked in the upper circuit on December 23: