Penny Stocks in the Upper Circuit – These penny stocks are locked in the upper circuit today with declines in Sensex, Nifty.

Mumbai – All the major indices in the US closed at higher levels on Friday. A booming quarterly results season for companies led to optimism on Wall Street. Most of the Asian indices started the new week on higher levels. Major Indian indices also followed suit.

1,916 shares advanced and 1,435 shares declined in the Mumbai Stock Exchange. The advance-decline ratio was in favor of advance. BSE Metals and BSE Auto Index were the weak performing sectoral indices. Some sectoral indices, however, recovered later due to strong performance of energy and information technology stocks. All information technology company stocks in the Sensex were the top gainers on Monday.

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The BSE Sensex rose 0.14% to 60,344 at 11:05 am on Monday. The Nifty50 index rose 0.02% to 17,960. Tech Mahindra, HCL Technologies and Tata Consultancy Services were the top gainers in the Sensex. While Mahindra & Mahindra, Maruti Suzuki and NTPC Ltd fell.

Broader indices rose in line with key indices. RattanIndia Enterprises was Akhari’s gainer in BSE Smallcap. It jumped more than 15% with a tenfold increase in its transaction volume. Shares of Just Dial Limited and SEPC Limited were also heavily bought.

The major indices that started trading on a bullish note on Monday eventually fell. Meanwhile, some penny stocks performed well in the upper circuit. Their list is given below. Investors should keep an eye on such stocks for the coming sessions –
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