September 21, 2024

Penny Stocks: What happened in Johnson Pharma shares jumped 20% – these penny stocks are locked in upper circuit today, see full list here


Mumbai: Wall Street indices closed with losses yesterday. However, Asian markets showed mixed. In the Indian equity markets, Indian benchmark indices started with gains led by a strong rally in Bajaj Finance and Bajaj Finserv. BSE Consumer Durables and BSE Capital Goods sectors outperformed all other sectors. Whereas, BSE Power and BSE Utilities sectors experienced the biggest decline.

At 11:00 am, the BSE Sensex rose 0.59% to 59,457. The Nifty 50 index climbed 0.52% to reach the level of 17,487. On Sensex, Larsen & Toubro, HDFC and HDFC Bank were top gainers. IndusInd Bank, State Bank of India and NTPC Limited were the top losers in the market.

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BSE Midcap index was trading with losses, while BSE Smallcap index outperformed the major indices. Shares of Ruby Mills Ltd., the top gainer in BSE Smallcap, gained a lot today. It got locked in the upper circuit of 20% of the climb. There was also heavy buying in shares of Automotive Stampings & Assemblies Ltd and Black Rose Industries.

According to the World Bank, India’s economy is expected to slow to 6.3% this fiscal year as a result of lower consumption due to weaker income growth.

Here is the list of penny stocks stuck in upper circuit today. Keep an eye 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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