Watch out for these penny stocks locked in the upper circuit on August 29

Sensex and Nifty witnessed upward momentum, with gains of 0.08 per cent and 0.13 per cent respectively.

Market at 10:30 AM, As the trades progressed, both the Sensex and Nifty witnessed upward momentum, with gains of 0.08 per cent and 0.13 per cent respectively. Furthermore, BANK NIFTY witnessed an upswing of 0.06 per cent and FINNIFTY following the trail soared by 0.15 per cent.

This positive trend extended to the Mid-Cap and Small-Cap segments, with the Nifty Midcap starting 0.27 per cent higher and the Nifty Small-cap up by 0.55 per cent.

Importantly, the India VIX showed a decrease of 1.45 per cent, suggesting reduced market volatility.

Among various sectors, Nifty Media, Nifty Realty, and Nifty IT emerged as the primary gainers, demonstrating strong performance. Conversely, Nifty PSU Bank and Nifty Energy struggled and stood out as significant underperformers.

Leading the gainers were UPL, Cipla, and Hero Motocorp, while Apollo Hospitals, Reliance, and Dr. Reddy’s Laboratories incurred losses within the Nifty 50 index.

In a broader perspective, the market sentiment remained positive, with approximately 2137 stocks advancing compared to 1156 stocks declining. This equilibrium pointed toward an overall optimistic sentiment prevailing in the broader market.

Following is the list of Penny Stock that got locked in the upper circuit on August 28, 2023:

Investors should keep an eye on these Penny Stocks.

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