Watch out for these penny stocks locked in the upper circuit on August 31

Sensex and Nifty encountered marginal declines of 0.08 per cent and 0.14 per cent respectively

Market at 11:50 PM, During the ongoing market session, the Sensex and Nifty encountered marginal declines of 0.08 per cent and 0.14 per cent respectively. Furthermore, BANK NIFTY plunged 0.48 per cent and FINNIFTY following the trail dipped 0.35 per cent.

Meanwhile, the Nifty Mid-Cap managed a modest upswing of 0.11 per cent, and the Nifty Small-Cap demonstrated a more robust surge of 0.46 per cent.

A contributing factor to the market's current dynamics is the 2.03 per cent surge in the India VIX, introducing an element of heightened volatility to the mix.

Noteworthy sectors that have witnessed gains include Nifty Media, Nifty IT, and Nifty Realty. Conversely, Nifty PSU Bank, Nifty FMCG, and Nifty Bank experienced losses, reflecting the diverse trends within the market.

Zooming in on individual stocks, standout gainers include Jio Financial Services, Maruti, and Hindalco. On the flip side, Adani Enterprises, Adani Ports, and BPCL faced setbacks, emerging as the prominent losers within the Nifty 50 index.

Market breadth is characterized by a positive tilt, with approximately 1901 stocks advancing compared to 1556 stocks registering declines. This equilibrium underscores the prevalent optimistic sentiment prevailing throughout the broader market landscape.

Following is the list of Penny Stock that got locked in the upper circuit on August 31, 2023:

Investors should keep an eye on these Penny Stocks.

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