These penny stocks are locked in the upper circuit today

These penny stocks are locked in the upper circuit today

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MumbaiThere are positive signals from the Asian markets today. Taking inspiration from this, the Indian stock markets also saw an initial boom today. Strong gains in financial services and banking sector stocks helped Indian headline indices to open the session. However, BSE Realty was the worst performer today. These declined by more than 1%. At 10:35 am, the BSE Sensex gained 0.28% to reach a level of 61,735. The Nifty 50 index rose 0.22% to reach the level of 18,222. On Sensex, Bajaj Finance, Axis Bank and Bharti Airtel were top gainers, while Mahindra & Mahindra, Sun Pharmaceutical Industries and Tata Motors Ltd were top losers in the market.

Sensex top gainer Bajaj Finance continued its strong rally, surging over 15% over the past month. Looking at the advance decline ratio on BSE, 1,752 stocks advanced and 577 stocks declined. Thus the advance-decline ratio remained strongly in favor of the gainers. Honeywell Automation India Ltd shares climbed over 8% after the dividend announcement.

BSE Smallcap index has outperformed the major indices. Shares of Indo Amines Ltd, top smallcap gainer on BSE, climbed over 14% keeping small-cap bulls active. Shares of Jindal Saw Ltd. and The Anoop Engineering Ltd. were also heavily bought.

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

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

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