September 21, 2024

These penny stocks are locked in the upper circuit today – these penny stocks are locked in the upper circuit today


Mumbai – The Nifty50 index was trading flat at 18,726.30 in the afternoon session, while the S&P BSE Sensex was down 23 points. Nifty metals were up 1.25%. While Nifty IT is trading weaker with a decline of 0.49%. The US S&P 500 and Nasdaq hit their highest closes in 14 months. The increase is due to data showing a moderate increase in the Consumer Price Index (Inflation Rate) in May. As a result, expectations have grown that the Federal Reserve will not implement an interest rate hike on Wednesday.

The S&P 500 ended the session up 0.69% at 4,369.01. Likewise, the Nasdaq gained 0.83% to 13,573.32. The Dow Jones gained 0.43% to settle at 34,212.12.

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Oil prices edged higher on Wednesday after industry data showed an unexpected rise in US crude reserves. The development reflects a lack of demand in markets already concerned about the economic slowdown and disappointing Chinese economic indicators. Foreign institutional investors (FIIs) bought shares worth Rs 1,677.60 crore, according to provisional data from the National Stock Exchange. While domestic institutional investors (DIIs) sold shares worth Rs 203.32 crore on June 13.

3555 shares rose and 1974 shares fell in Mumbai Stock Exchange. Advance-decline ratio remained in favor of advance. Tata Steel, NTPC and Tata Motors were the top gainers in the Sensex. While Bharti Airtel, Bajaj Finserv and Bajaj Finance were down. Shares of Sangam India continued to rise in BSE Smallcap. It rose more than 17% in Wednesday’s session.

The major indices recorded mixed movements since opening on Wednesday. A few penny stocks also reached the upper circuit. Following is the list of such shares. Investors should keep an eye on these stocks for the coming sessions –
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A.Kr. share present value upper circuit
Savaka Business Machines १.२१ १०.००
Hahnmann fit २.३१ १०.००
makat pipe ७.२० ९.९२
Franklin Leasing & Finance १०.१९ ९.९२
Crane Software International ३.०४ ९.७५



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