Watch out for these penny stocks locked in the upper circuit on August 30

Sensex and Nifty are showcasing an upward trend with gains of 0.48 per cent and 0.50 per cent respectively

Market at 01:00 PM, In the ongoing market session, both the Sensex and Nifty are showcasing an upward trend with gains of 0.48 per cent and 0.50 per cent respectively. Furthermore, BANK NIFTY witnessed an upswing of 0.22 per cent and FINNIFTY following the trail soared by 0.25 per cent.

Notably, the Nifty Mid-Cap is performing well with an 0.86 per cent increase, while the Nifty Small-Cap is surging forward with a significant rise of 1.31 per cent.

The positive sentiment extends beyond India, as European markets are poised to open higher on Wednesday. This reflects movements seen on Wall Street overnight. On Tuesday, markets closed higher, aligned with global counterparts, as investors await the release of fresh economic data this week. In the European futures market, the DAX and FTSE are trading higher by 0.07 per cent and 0.12 per cent respectively.

Adding to the overall favorable market outlook, the India VIX has witnessed a notable decrease of 4.74 per cent, indicating reduced market volatility.

Attention is focused on gainers including Nifty Metal, Nifty Realty, and Nifty IT, while no major sectors are currently displaying underperformance.

Regarding individual stocks, notable gainers comprise Jio Financial Services, Tata Steel, and Axis Bank. Conversely, BPCL, Power Grid, and Dr. Reddy’s Laboratories are identified as Top Losers within the Nifty 50.

The market breadth remains optimistic, with approximately 2383 stocks advancing in contrast to 1146 stocks experiencing declines. This distribution underscores the prevailing positive sentiment evident within the broader market.

Following is the list of Penny Stock that got locked in the upper circuit on August 30, 2023:

Investors should keep an eye on these Penny Stocks.

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