Watch out for these penny stocks locked in the upper circuit on August 03

The Sensex and Nifty are trading marginally lower, both down by 0.04 per cent.

Pre-market scenario, On Wednesday, there was a notable selloff in the stock market, with the Nasdaq Composite experiencing its most significant decline since February. The drop was triggered by Fitch downgrading the long-term rating for the US and renewed market sentiment of risk aversion. As a result, the tech-heavy Nasdaq index fell by 2.17 per cent, closing at 13,973.45. The broader S&P 500 also declined by 1.38 per cent, ending at 4,513.39. The Dow Jones Industrial Average also saw a substantial tumble of 348.16 points, finishing at 35,282.52.

At 9:30 AM, The Sensex and Nifty are trading marginally lower, both down by 0.04 per cent.

However, Nifty Mid-Cap is trading higher, up by 0.28 per cent, and Nifty Small-Cap is also trading higher, up by 0.44 per cent.

The India VIX has surged by 1.51 per cent, indicating an increase in market volatility.

Among the Nifty sectoral indices, Nifty Pharma, Nifty Media, and Nifty PSU Bank are among the Top Gainers, showing positive performance in these sectors. On the other hand, Nifty Metal, Nifty Realty, and Nifty FMCG are among the Top Losers, indicating weakness in these sectors.

From the Nifty 50 stocks, Sun Pharma, Adani Enterprises, and NTPC are among the top gainers, while UPL, Ultra Cement, and Hindalco are among the top losers.

The overall market breadth seems positive, with about 1321 stocks advancing and only 507 stocks declining, suggesting a favorable sentiment in the broader market.

On August 2, foreign institutional investors (FII) offloaded shares worth Rs 1,877.84 crore, while domestic institutional investors (DII) sold shares worth Rs 2.23 crore.

Following is the list of Penny Stock that got locked in the upper circuit on August 03, 2023:

Investors should keep an eye on these Penny Stocks.

Disclaimer: The article is for informational purposes only and not investment advice.