Watch out for these penny stocks locked in the upper circuit on July 28

The Sensex and Nifty experienced a slight decline, with Sensex trading lower by 0.12 per cent and Nifty by 0.05 per cent.

Pre-market scenario: Thursday night saw stock futures remain flat as investors eagerly anticipated the release of June's inflation data. The personal consumption expenditures price index, closely monitored by the Federal Reserve, is the key point of interest. In the last session, Wall Street witnessed a decline, with the Dow experiencing a nearly 0.7 per cent fall, thus bringing an end to a remarkable 13-day winning streak not witnessed since 1987. Both the S&P 500 and Nasdaq Composite also closed approximately 0.6 per cent lower.

At 9:30 AM,  The Sensex and Nifty experienced a slight decline, with Sensex trading lower by 0.12 per cent and Nifty by 0.05 per cent.

However, there was positive movement in the Nifty Mid-Cap, which traded higher by 0.13 per cent, and Nifty Small-Cap, which traded higher by 0.19 per cent.

The India VIX, a measure of market volatility, surged by 0.29 per cent, indicating increased uncertainty or fear among investors.

In terms of sector-wise performance, Nifty Media, Nifty FMCG, and Nifty Pharma were among the Top Gainers, while Nifty Financial Services, Nifty Bank, and Nifty Metal were among the Top Losers.

Some of the top gainers from the Nifty 50 index were Reliance, Dr. Reddy's Laboratories, and Cipla, while Axis Bank, Bajaj Finserv, and Hindalco were among the top losers.

Overall, the market sentiment appeared positive as 1048 stocks were advancing compared to 792 stocks declining. This suggests a generally optimistic outlook in the broader market.

On July 27, foreign institutional investors (FII) sold shares worth Rs 3,979.44 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,528.15 crore.

Following is the list of Penny Stock that got locked in the upper circuit on July 28, 2023:

Investors should keep an eye on these Penny Stocks.

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