Watch out for these penny stocks locked in the upper circuit on August 09

The Sensex and Nifty began slightly lower, down 0.36 per cent and 0.3 per cent, respectively

Pre-market scenario, During Tuesday's trading session, the Dow Jones Industrial Average finished with a 0.45 per cent decline, showing a modest recovery from its lowest point of the day, which had seen a drop of approximately 465 points. Similarly, the S&P 500 saw a decrease of 0.42 per cent, while the Nasdaq Composite experienced a more significant drop of 0.79 per cent. The market sell-off was initiated by Moody's decision to downgrade regional banks, leading to an impact on investor sentiment. While some individuals express concerns that this downgrade might indicate forthcoming challenges for the markets, others interpret this pullback as expected, given the remarkable surge in equities witnessed throughout the year.

At 09:30 AM, The market started with a mix of performances. The Sensex and Nifty began slightly lower, down 0.36 per cent and 0.3 per cent, respectively. Nifty Mid-Cap decreased by 0.25 per cent, while Nifty Small-Cap showed resilience, surging 0.29 per cent.

The India VIX, indicating market volatility, surged 2.21 per cent, reflecting higher uncertainty.

Nifty Pharma, Nifty Metal, and Nifty Media gained early, while Nifty Realty, Nifty Bank, and Nifty PSU Bank faced losses.

Coal India, Adani Ports, and Dr. Reddy's Laboratories led gainers with positive momentum. ICICI Bank, Maruti, and Divi's Laboratories were Top Losers among Nifty 50 constituents.

Overall, about 1000 stocks advanced, and 836 stocks declined, suggesting a positive broader market sentiment and a promising start to the trading session.

On August 8, foreign institutional investors (FII) offloaded shares worth Rs 711.34 crore, while domestic institutional investors (DII) bought shares worth Rs 537.31 crore.

Following is the list of Penny Stock that got locked in the upper circuit on August 09, 2023:

Investors should keep an eye on these Penny Stocks.

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