DSIJ Mindshare

Watch out for these penny stocks locked in the upper circuit on April 17

After forecasting revenue growth at a six-year low in fiscal 2024 due to U.S. and European clients postponing spending, Infosys was down 11.5 per cent and the main drag on the Nifty 50.

Kaustubh Bhosale 0 1883 Article rating: 4.0

Of the 13 major sectoral indices, eight showed a fall. With a 6.5per cent decline, the IT index was headed for its largest one-day loss since March 2020. All ten of the components decreased by 2.4 per cent to 15 per cent.

Watch out for these penny stocks locked in the upper circuit on April 13

The information technology (IT) sector saw a decline in demand. The trading activity was unstable because of the expiration of weekly index options on the NSE.

Kaustubh Bhosale 0 3242 Article rating: 3.8

Despite this, the overall market showed positive breadth with 1,857 shares increasing whereas, 1,237 shares decreasing on the BSE and 142 shares remained unchanged.

Watch out for these penny stocks locked in the upper circuit on April 12

Out of the 13 major sectoral indices, 11 showed progress, with financials and information technology stocks increasing by 0.3 per cent and 0.1 per cent, respectively.

Kaustubh Bhosale 0 2459 Article rating: 4.3

There was some caution due to the release of important macroeconomic data later in the day and throughout the week. 

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