September 21, 2024

Penny Stocks: Share market declined but Shiva Granito Export shares rose 10% as soon as the market opened – these penny stocks are locked in upper circuit today, see full list here


Mumbai: Job data came in America only yesterday. Because of this, Wall Street indices fell by more than 1% yesterday. Most Asian indices were up despite losses on Wall Street. Indian benchmark indices also opened flat today. But later damage was shown in many areas. After this, first showed fluctuations between minor gains and losses and at 11 am in the day, the BSE index was broken by about 250 points.

Financial services and banking stocks were among the worst performers for the second session in a row. BSE Fast Moving Consumer Goods (FMCG) was the best performing sector. It increased by about half a percent. At 10:50 am, the BSE Sensex fell 0.32% to the level of 60,161. The Nifty 50 index fell 0.39% to the level of 17,921. On Sensex, NTPC Ltd, Mahindra & Mahindra and Reliance Industries were the top gainers, while Bajaj Finserv, IndusInd Bank and Tata Consultancy Services were the market drags.

Looking at the advance decline ratio on BSE, 1,466 stocks were up and 1,723 were down. At the same time, the advance decline ratio remained in favor of the downside. Broader indices also declined, mirroring the decline in the main indices. Top BSE smallcap gainer, Jagran Prakashan, climbed over 10% to hit a fresh 52-week high. There was heavy buying in shares of Rama Steel Tubes and National Peroxide.

Here is the list of penny stocks stuck in upper circuit today. Can keep a close watch on these stocks for the coming session.

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

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