Watch out for these penny stocks locked in the upper circuit on August 24

The market started positively as both the Sensex and Nifty showed gains of 0.60 per cent and 0.58 per cent respectively.

Market at 10:00 AM, The market started positively as both the Sensex and Nifty showed gains of 0.60 per cent and 0.58 per cent respectively. Furthermore, BANK NIFTY witnessed an upswing of 0.89 per cent and FINNIFTY following the trail soared by 0.79 per cent.

 This optimism extended to broader indices, where the Nifty Mid-Cap saw a promising start with a 0.79 per cent rise, and the Nifty Small-Cap also increased by 0.5 per cent.

The India VIX, a measure of market volatility, dropped by 3.15 per cent, indicating a more stable trading environment.

Leading the gains were the Nifty PSU Bank, Nifty Media, and Nifty Metal sectors, contributing to the positive momentum. Notably, no sectors showed significant underperformance, reinforcing the positive market outlook.

In the Nifty 50, Adani Enterprises, Bajaj Finserv, and Tech Mahindra delivered strong performances, boosting the overall index. Conversely, Jio Financial Services and NTPC faced downward pressure, impacting their positions in the index.

The broader market sentiment remained optimistic, with around 2,141 stocks advancing and 828 declining. This overall positive sentiment across a wide range of stocks suggests favorable prospects for the upcoming trading session.

Following is the list of Penny Stock that got locked in the upper circuit on August 24, 2023:

Investors should keep an eye on these Penny Stocks.

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