Watch out for these penny stocks locked in the upper circuit on October 23

Sensex and Nifty began the trading day with a mixed performance

Market at 09:55 AM, In the latest market session, the Sensex and Nifty began the trading day with a mixed performance. Furthermore, BANK NIFTY soared 0.16 per cent and FINNIFTY witnessed an uptick of 0.27 per cent.

On the other hand, the Nifty Mid-Cap index started with a decline of 0.53 per cent, while the Nifty Small-Cap index traded without significant changes.

Market volatility decreased notably, with the India VIX (Volatility Index) witnessing a significant drop of 8.97 per cent. This drop in India VIX suggests that there is less market turbulence and uncertainty.

In terms of sector performance, the Nifty Financial Services, Nifty Bank, and Nifty Pharma sectors showed strong gains. However, sectors such as Nifty Media, Nifty Metal, and Nifty PSU Bank experienced losses.

Looking at the Nifty 50 index, the Top Gainers were Bajaj Finance, ICICI Bank, and Dr. Reddy's Laboratories, while Kotak Bank, Grasim, and Tata Steel were among the leading losers.

The overall sentiment in the broader market appeared negative, as around 460 stocks advanced, while 1,475 stocks recorded declines. This suggests a more bearish outlook in the broader market.

Following is the list of Penny Stock that got locked in the upper circuit on October 23, 2023:

Investors should keep an eye on these Penny Stocks.

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