upper circuit in penny stocks, these penny stocks are locked in the upper circuit today

Mumbai – Wall Street also faced an index rout in Thursday’s trade due to the US Federal Reserve’s aggressive stance on interest rate hikes and investor panic caused by such rate hikes. All major indices fell between 2-3%. Indian indices also started the session on a negative note on Friday. The overall market environment was seen as disappointing.

1,108 shares advanced and 2,159 shares declined in the Mumbai National Stock Exchange. The advance-decline ratio remained on the decline side. More than 10 sectoral indices recorded losses of more than 1%. All sectors are trading at minimum levels. Stocks in the energy and oil and gas sectors, however, were steady. They suffered minimal damage.

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Broader markets underperformed major indices with losses of more than 1%. Bajaj Hindustan Sugar was the gainer in BSE Smallcap. It recorded on the upper circuit with an increase of up to 10%. Despite the overall negative sentiment in the market, most of the sugar stocks were bullish.

The BSE Sensex was down 0.65% at 61,399 at 10:50 am on Friday. The Nifty50 index fell 0.68% to 18,290. In Sensex, Hindustan Unilever Limited, Reliance Industries and Nestle India were leading. While Mahindra & Mahindra, ITC Limited and State Bank of India were down.

A few penny stocks jumped into the upper circuit in the first few hours of the weekend trading session. Their list is as follows. Investors should keep an eye on such stocks for the coming sessions –
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