Watch out for these penny stocks locked in the upper circuit on October 04

Sensex and Nifty are witnessing a decline of 0.86 per cent and 0.88 per cent

Market at 01:20 AM, Currently, the stock market is grappling with a bearish sentiment as both the Sensex and Nifty are witnessing a decline of 0.86 per cent and 0.88 per cent, respectively. Furthermore, BANK NIFTY plunged 1.05 per cent and FINNIFTY dipped by 0.89 per cent.

This downtrend extends to other market segments as well, with the Nifty Mid-Cap experiencing a significant drop of 1.58 per cent, and the Nifty Small-Cap down by 1.27 per cent.

The India VIX, which measures market volatility, has surged by 2.27 per cent, reflecting heightened uncertainty among investors.

In terms of sector performance, there are no major sectors currently showing positive gains. Notable laggards include Nifty PSU Bank, Nifty Realty, and Nifty Media.

Zooming in on individual stocks within the Nifty 50 index, Adani Enterprises, Nestle India, and Eicher Motors are among the Top Gainers, while Axis Bank, Ultratech Cement, and SBIN are leading in losses.

Taking a broader view of the market, it's evident that the negative sentiment is widespread, with approximately 1125 stocks in the advancing category and a larger count of 2448 stocks in the declining category. This prevailing pessimism suggests caution among investors and underscores the challenges faced by the market at this juncture.

Following is the list of Penny Stock that got locked in the upper circuit on October 04, 2023:

Investors should keep an eye on these Penny Stocks.

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