Watch out for these penny stocks locked in the upper circuit on June 22

Sensex, after showing positivity on Tuesday, opened in the red today.

The major equity indices are trading with significant losses in the early trade due to selling pressure in the index pivotal. Negative Asian stocks influenced sentiment. All of the sectoral indices were in the red today with metal, energy, oil & gas, real estate, and power being the worst hit on Sensex.  

Sensex, after showing positivity on Tuesday, opened in the red today. It plugged 539 points to 51,992 at 10.20 am. Likewise, BSE Midcap index has dropped 305 points and trades at 21,202 levels. BSE Smallcap index too slipped into negative territory by 213 points and trades at 23,908 levels.   

Similarly, Nifty 50 index erased its previous day’s gains by trading in red on Wednesday morning. The index fell by 175 points and is trading at 15,463 levels. Bank Nifty sunk 283 points and trades at a level of 32,908. The Top Losers are UPL, JSW Steel, Hindalco Industries, Tata Steel, and ONGC.  

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,077 shares rose and 1,832 shares fell. A total of 110 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 2,701.21 crore on June 21 while the domestic institutional investors (DIIs) bought shares worth Rs 3,066.41 crore.  

Following is the list of penny stocks that got locked in the upper circuit on Wednesday. Keep a close eye on these counters for the upcoming sessions: