Watch out for these penny stocks that are locked in the upper circuit on May 26.
Amid mixed signals from global indices, Indian benchmark indices are in the green.
India VIX slid by 4.50 percent from a high of 13.11 to 12.52. Bulls grew stronger in today's session by declining volatility. Some analyst predict US debt ceiling uncertainty and a stronger dollar may continue to weigh on investors’ sentiments. While gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the Federal Reserve.
As of 10:25 am, the BSE Sensex is trading at 62,074 levels, gaining 202 points, likewise the S&P BSE Mid-Cap also increased by 101 points and is trading at a level of 26,686 points. The Small-Cap index too jumped by 104 and is trading at a level of 30,119. The NSE index NIFTY50 climbed by 62 points and is trading at a level of 18,384. The Bank Nifty, on the other hand, is in the red, down by 40 points to a level of 43,640.
On May 25, foreign portfolio investors bought securities worth Rs 589.10 crores, and the domestic institutional investors (DIIs) were also net buyers of shares worth 338.44 crores.
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Here is the list of Penny Stocks that got locked in the upper circuit on Friday. Keep a close eye on these counters for the upcoming sessions: