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

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

Market scenario at 9:30, The benchmark indices started the day with a positive note, witnessing modest gains. However, the initial optimism was short-lived as the market sentiment quickly turned bearish, resulting in Nifty and Sensex entering negative territory. Currently, both indices are trading flat, lacking a clear direction as investors navigate uncertain market conditions.

At 10:45 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.

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

Investors should keep an eye on these Penny Stocks.

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