Watch out for these penny stocks locked in the upper circuit on October 11

Sensex and Nifty have opened higher, posting gains of 0.69 per cent and 0.68 per cent, respectively.

Market at 10:40 AM, In a promising start to the trading day, both the Sensex and Nifty have opened higher, posting gains of 0.69 per cent and 0.68 per cent, respectively. Furthermore, BANK NIFTY soared 0.41% per cent and FINNIFTY witnessed an upswing of 0.50 per cent.

 The Nifty Mid-Cap has also shown a moderate uptick, opening 0.66 per cent higher, while the Nifty Small-Cap has commenced the day with a gain of 0.73 per cent.

Notably, India VIX has witnessed a significant drop of 3.77 per cent, reflecting a decrease in market volatility and a potential boost in investor confidence.

Key sectors making gains include Nifty Auto, Nifty Realty, and Nifty PSU Bank, signaling strength in these areas. Conversely, the Nifty Pharma and Nifty IT sectors have seen declines, ranking among the Top Losers in early trading.

Regarding individual stock movements within the Nifty 50 index, Adani Ports, Tata Motors, and Adani Enterprises are among the Top Gainers, while Dr. Reddy's Laboratories, TCS, and Divi's Laboratories are among the top losers.

Market breadth appears favorable, with approximately 2340 stocks advancing compared to 608 stocks declining. This positive breadth suggests an overall optimistic sentiment prevailing in the broader market, indicating a potentially promising trading day ahead.

Following is the list of Penny Stock that got locked in the upper circuit on October 10, 2023:

Investors should keep an eye on these Penny Stocks.

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