Shares below Rs 100: Only buyers were seen in these stocks on December 16!

Ugar Sugar Works, the top BSE Smallcap gainer, soared more than 16 per cent on a 10-fold surge in volume and traded at a 52-week high.

Due to fears sparked by the Federal Reserve's aggressive stance and 50-basis point interest rate hike, Wall Street suffered a bloodbath overnight as all the major indices plunged between 2 to 3 per cent. Most Asian indices traded lower today. 

After trading in an extremely volatile manner the whole session, Indian benchmark indices closed the session sharply lower. All sectors had declines, with services, real estate and healthcare stocks suffering the greatest losses.  

At 3:30 pm, the BSE Sensex slumped 0.75 per cent, reaching a level of 61,337. The Nifty 50 index tumbled 0.79 per cent to the 18,269 level. On the Sensex, HDFC Bank, Hindustan Unilever, Nestle India and Tata Steel were the only gainers, whereas Dr Reddy’s Laboratories, Mahindra & Mahindra and Asian Paints were the Top Losers.  

Ugar Sugar Works, the top BSE Smallcap gainer, soared more than 16 per cent on a 10-fold surge in volume and traded at a 52-week high. Despite the lackluster day, sugar stocks skyrocketed after the government said it would increase the sugar export quota for year 2022-23. The heavily purchased stocks were Sakthi Sugars, Simbhaoli Sugars and Bajaj Hindusthan Sugar.  

Following is the list of low-priced stocks that were locked in the upper circuit on December 16: