Watch out for these Penny Stocks locked in the upper circuit on July 20

At the opening bell, the Indian stock market displayed a mixed trend with the Sensex and Nifty opening lower by 0.15 per cent each.

Pre-market scenario: During Wednesday's trading session, the US banking stocks displayed strong performance, propelling the S&P 500 bank index to a notable 1.70 per cent increase for the third consecutive session and marking the eighth gain in nine sessions. The Dow Jones Industrial Average rose by 0.31 per cent and closed at 35,061.21, while the S&P 500 and Nasdaq Composite also showed gains of 0.24 per cent and 0.03 per cent, respectively, concluding at 4,565.72 and 14,358.02. The positive momentum in the banking sector contributed to an overall positive sentiment in the US markets on that day.

At 9:30 AM, At the opening bell, the Indian stock market displayed a mixed trend with the Sensex and Nifty opening lower by 0.15 per cent each. However, Nifty Midcap and Nifty Small-Cap opened on a positive note, gaining 0.13 per cent and 0.2 per cent respectively.

Among the sectoral indices, Nifty Media, Nifty PSU Bank, and Nifty Energy were among the Top Gainers, while Nifty IT, Nifty Auto, and Nifty FMCG were among the Top Losers.

From the Nifty 50 index, Power Grid, Dr Reddy's Laboratories, and NTPC were among the top gainers, whereas Reliance, Infosys, and HCL Tech faced losses.

In terms of market breadth, about 1185 stocks were advancing, surpassing the number of 643 declining stocks, indicating a positive sentiment in the broader market.

On July 19, foreign institutional investors (FII) bought shares worth Rs 1,165.47 crore, while domestic institutional investors (DII) sold shares worth Rs 2,134.54 crore.

Following is the list of Penny Stock that got locked in the upper circuit on July 20, 2023:

Investors should keep an eye on these Penny Stocks.

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