Watch out for these penny stocks locked in the upper circuit on March 29
As traders roll over holdings in the F&O segment from the near month March series to April series, trading may be tumultuous today.
On Wednesday, Indian stocks opened higher, aided by broad-based gains across sectors and strong activity in global indices. The market breadth was solid, on the BSE, with 2096 equities rising and 1012 falling. 104 shares remained unchanged. As traders roll over holdings in the F&O segment from the near month March series to April series, trading may be tumultuous today.
As of 10:38 am, the BSE Sensex, is trading at 57,891 levels, showing a decent increase of 204 points. The S&P BSE Mid-Cap index is also trading in strong gains of 204 points at 23,650 points. The Small-Cap index has jumped by 272 points and is currently trading at a level of 26,431 points. The NSE index NIFTY50 following the Sensex soared by 93 points, to 17,044 levels. While, the Bank Nifty is currently trading at a level of 40,867 up by 299 points.
On March 28, the foreign portfolio investors sold securities worth of Rs 1531.13 crores and the domestic institutional investors (DIIs) were the net buyers of shares worth 156.11 crores. The Indian financial market will remain shut on Thursday for the Ram Navami holiday.
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: