Watch out for these penny stocks locked in the upper circuit on September 28
Indian markets traded in a pessimistic manner on Wednesday as a result of weak global cues.
Indian markets traded in a pessimistic manner on Wednesday as a result of weak global cues. The volatility index for India has increased by almost 2.3 per cent. Across sectoral indices, there was a widespread sell-off, with banking stocks experiencing a steep decline. Consumer durables and FMCG equities also entered bear market territory, dragging down the overall markets. Massive profit taking was observed in the metals sector, which might put more pressure on equities benchmarks.
The Sensex is trading with significant losses as of 11:08 a.m. It has fallen marginally by 232 points to trade at a level of 56,875. The Midcap on the other hand, has gained by 12 points and is now trading at a level of 24,566. Likewise, the Smallcap index is currently trading at a level of 27,999, showing an increase of mere 9 points.
Currently trading at a level of 16,940, the Nifty 50 index has also weakened by 66 points from its previous close. The Bank Nifty has increased by 364 points and is currently trading at 37,994.
On September 28, the foreign portfolio investors (FPIs), turned out to be net sellers of shares worth Rs 2,823.96 crores. Whereas, the domestic institutional investors (DIIs), also turned out to be net buyers of shares worth Rs 3,504.76 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: