Penny Stocks: Adani Group stocks will be forgotten when we see the performance of these Chavanni stocks including Vama Industries – these penny stocks are locked in upper circuit today, see full list here

Mumbai: Last week was the worst weekly selling week of the year 2023. However, Wall Street indices recovered overnight yesterday. Asian stock markets also showed gains today. However, Indian benchmark indices opened flat despite upbeat global cues.

Strong gains in auto and consumer durables sectors helped the indices to edge marginally higher. BSE Metals was the worst performing sector today. It lost more than 1%, while the energy and oil and gas sectors also suffered significant losses.

At 10:25 am on Tuesday, the BSE Sensex gained 0.03% to reach a level of 59,304. The Nifty 50 index gained 0.05% to reach a level of 17,401. On Sensex, Mahindra & Mahindra, Tata Motors and Bajaj Finserv were top gainers, while ITC Ltd, Reliance Industries and Tata Steel were top losers in the market.

The Broader Indices outperformed the Major Indices. Looking at the advance decline ratio on BSE, 1,726 stocks advanced and 1,292 declined. This means that the advance-to-decline ratio is still in favor of the gainer. Triveni Turbine Limited was the top smallcap gainer on BSE. Its shares climbed more than 9% and hit a new 52-week high. Shares of Foseco India Ltd and Uflex Ltd were also heavily bought.

Here is the list of penny stocks that got stuck in the upper circuit today. Keep an eye on these stocks for the coming session.

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