Watch out for these penny stocks locked in the upper circuit on August 10

The market embarked on the trading session with a sense of caution, evidenced by the Sensex and Nifty starting with declines of 0.27 per cent and 0.24 per cent, respectively.

Pre-market scenario, Following a recent downturn on Wall Street, the Dow Jones Industrial Average registered a decline of approximately 0.54 per cent, while the S&P 500 and Nasdaq Composite both experienced reductions of 0.7 per cent and 1.17 per cent, respectively. Market participants are eagerly awaiting the release of the July consumer price index (CPI) report scheduled for Thursday. This report is anticipated to provide valuable insights into how the central bank's interest rate modifications have influenced sustained price levels, possibly influencing the Federal Reserve's forthcoming rate deliberations in September.

At 09:30 AM, The market embarked on the trading session with a sense of caution, evidenced by the Sensex and Nifty starting with declines of 0.27 per cent and 0.24 per cent, respectively. In contrast, Nifty Mid-Cap and Nifty Small-Cap exhibited a positive opening, each gaining 0.2 per cent.

A noteworthy development was the significant surge of 3.68 per cent in the India VIX, indicating heightened market volatility.

Across sectors, Nifty Media, Nifty Metal, and Nifty Energy emerged as early leaders, displaying positive momentum. Conversely, Nifty IT, Nifty Bank, and Nifty Financial Services grappled with initial losses.

Amidst the Nifty 50 constituents, ONGC, Adani Enterprises, and Adani Ports stood out as Top Gainers during the opening bell. Conversely, Asian Paints, Apollo Hospital, and Britannia found themselves in the early losers' category.

The broader market sentiment appeared upbeat, with approximately 1165 advancing stocks in contrast to 658 declining stocks. This equilibrium reflects an overarching optimistic outlook in the broader market landscape.

On August 9, foreign institutional investors (FII) bought shares worth Rs 644.11 crore, while domestic institutional investors (DII) offloaded shares worth Rs 597.88 crore.

Following is the list of Penny Stock that got locked in the upper circuit on August 10, 2023:

Investors should keep an eye on these Penny Stocks.

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