Watch out for these penny stocks locked in the upper circuit on May 29
With encouraging cues from global indices, the Indian benchmark indices commenced trading on Tuesday on a stronger note.
In the early part of Tuesday's session, Indian government bond yields slightly decreased as their U.S. counterparts changed direction. However, expectations of a debt sale prevented a significant decline in yields. Despite the lower probability of a U.S. default, investors remained concerned about the risk of a recession in the world's largest economy this year.
As of 10:42 am, the BSE Sensex is trading at 62,908 levels, gaining 61 points. The S&P BSE Mid-Cap also increased by 66 points and is trading at a level of 26,979 points. The Small-Cap index also jumped by 67 and is trading at a level of 30,321. The NSE index NIFTY50 climbed by 28 points and is trading at a level of 18,626. On the flip side, the Bank Nifty slipped by 21 points to a level of 44,290. On May 29, foreign portfolio investors bought securities worth Rs 853.57 crores, and domestic institutional investors (DIIs) were also net buyers of shares worth 1,758.16 crores.
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Following is the list of Penny Stocks that got locked in the upper circuit on Tuesday. Keep a close eye on these counters for the upcoming sessions: