Watch out for these penny stocks that are locked in the upper circuit on June 14
Indian stocks remained muted on Wednesday, with traders hedging their bets ahead of the Federal Reserve's expected interest rate cut.
Investors are also looking forward to the release of May wholesale pricing index inflation data on Wednesday. Wall Street equities closed higher on Tuesday, as annual retail inflation in May fell to its lowest level in more than two years, according to official statistics. The probability of a Fed rate pause increased to 93.7% from 75% prior to the data.
At 11:15 am, the BSE Sensex is currently being traded at a level of 63,124 marking a gain of 18 points. The S&P BSE Mid-Cap has risen by 40 points and is trading at 28,030 points. The Small-Cap index has also experienced a leap of 149 points, reaching a level of 32,026. The NSE index NIFTY50 has added 10 points and is currently being traded at 18,726. On the other hand, the Bank Nifty has slipped by 85 points to reach a level of 43,994.
On June 13, foreign portfolio investors bought securities worth Rs 1,677.60 crores, and domestic institutional investors (DIIs) were the net sellers of shares worth Rs 203.32 crores.
DSIJ offers a service 'Tiny Treasure' with recommendations for small-cap and micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then download the product details PDF here.
The 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: