Watch out for these penny stocks locked in the upper circuit on December 27
All of the Nifty sectoral indices were under selling pressure, while consumer stocks did experience some buying.
The S&P BSE Sensex and Nifty 50 Indian leading indices began the week with conflicting global impulses. All of the Nifty sectoral indices were under selling pressure, while consumer stocks did experience some buying. Metal stocks, PSU banks and IT equities were the weak points. Ahead of the monthly expiry on Thursday, investors booked profits in particular equities in the larger markets.
At 11:30 IST, the barometer index, The S&P BSE Sensex gained by 19 points and is now trading at a level of 60,946. The S&P BSE Midcap, too, has gained 67 points and is currently trading at a level of 25,252. Also, the Smallcap index trades in green at 28,654 after surging by 137 points.
The Nifty 50 index is also trading in green at 18,131 levels. Similarly, the Bank Nifty jumped by 113 points and is now trading at a level of 42,972.
On December 27, the foreign portfolio investors (FPIs) turned out to be the net sellers 867.65 crores, while the domestic institutional investors (DIIs) were the net buyers of shares worth 621.81 crores.
Following is the list of Penny Stocks that got locked in the upper circuit on Wednesday. Keep a close eye on these counters for the upcoming sessions: