September 20, 2024

These penny stocks are locked in the upper circuit today!


New Delhi: Fears have been raised about a possible interest rate hike and a bleak economy in the wake of anticipated inflation data and rising inflation. Amidst this apprehension, Wall Street indices dropped significantly overnight. Asian markets have also seen a decline. Indian domestic indices started with a decline mainly due to losses in the Information Technology sector.

While BSE Capital Goods is attracting investors. This attractiveness attracted investors with gains of over 1% in a weak market. Whereas BSE Realty has become the worst performing sector. It lost more than 1%. The advance-decline ratio remained in favor of advances, with 1,670 scrips rising and 1,462 scrips declining on the BSE.

At 11:00 am, the BSE Sensex fell by 0.28% to reach a level of 61,147. The Nifty 50 index fell 0.24% to the level of 17,992. UltraTech Cement Company, Larsen & Toubro and NTPC Limited were the top gainers on the Sensex today. Apart from this, Nestle India, IndusInd Bank and HCL Technologies have proved to be the biggest losers. BSE Smallcap index outperformed the major indices. Shares of Sagar Cements Ltd rose over 11% on BSE’s top smallcap gainer. Along with this, there was heavy buying in shares of EKI Energy Services and Supriya Lifescience. Today these penny stocks have touched the upper circuit. Investors should keep an eye on these stocks in the coming days.

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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