Watch out for these penny stocks locked in the upper circuit on July 27

The Sensex and Nifty both started the day with gains, rising by 0.38 per cent and 0.42 per cent respectively.

Pre-market scenario: On Wednesday, the US Federal Reserve responded to higher inflationary pressures by raising its benchmark lending rate by a quarter percentage-point, reaching the highest level since 2001. The key lending rate now stands at a range of 5.25 per cent to 5.5 per cent. The Fed emphasized its commitment to monitoring information and its impact on monetary policy. While signaling a potential pause in the next meeting in September, the Fed also indicated the likelihood of further monetary tightening in line with the median forecast of two additional rate hikes later this year.

At 9:30 AM, The Sensex and Nifty both started the day with gains, rising by 0.38 per cent and 0.42 per cent respectively.

Nifty Mid-Cap is trading higher by 0.55 per cent, and Nifty Small-Cap is up by 0.45 per cent. India VIX has seen a rise of 0.48 per cent.

Nifty Pharma, Nifty PSU Bank, and Nifty Metal are among the Top Gainers, while Nifty Auto is one of the Top Losers.

Cipla, Hindalco, and Divi's Laboratories are leading the gains among Nifty 50 stocks, while M&M, Tech Mahindra, and Hero Moto Corp are among the top losers.

In the broader market, around 1411 stocks are advancing, indicating a positive sentiment, compared to 413 stocks that are declining.

On July 26, foreign institutional investors (FII) bought shares worth Rs 922.84 crore, while domestic institutional investors (DII) purchased shares worth Rs 470.10 crore.

Following is the list of Penny Stock that got locked in the upper circuit on July 27, 2023:

Investors should keep an eye on these Penny Stocks.

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