Penny Stocks Locked in the Upper Circuit on August 01, 2022

Domestic indices extend gains led by auto and power stocks. 

In response to Wall Street's best month since November 2020, which was fueled by an upswing in technology stocks and major retailers, most US stocks increased on Friday. The S&P 500 and Dow Jones Industrial Average surged by 1.42% and 0.97%, respectively while the Nasdaq Composite Index soared by 1.88%.

List of Penny Stocks Today: August 01

Following is the list of penny stocks locked in the upper circuit on August 01. Keep a close eye on these counters for the upcoming sessions.

The dollar continued to weaken as crude oil prices fell, and the rupee increased 13 paise to 79.11 against the US currency. Foreign investors turned net buyers in July after nine months of nonstop selling, investing nearly Rs 5,000 crore in Indian equities as a result of a weaker dollar index and strong corporate earnings. 

On the strength of cheerful global sentiments, Indian benchmark indices opened marginally higher. At 11:45 am, the Nifty 50 was trading at the 17,263.40 level, advancing by 0.61%. On the Nifty 50 index, the top gainers were Mahindra and Mahindra, Adani Ports and Special Economic Zone and Tata Motors whereas; Sun Pharmaceuticals, HDFC Life Insurance and Hindustan Unilever Ltd were the top losers of the session. 

Sensex was trading at a level of 57,923.17, gaining by 0.61%. The top gainers were Mahindra and Mahindra, Reliance Industries and Maruti Suzuki whereas; Sun Pharmaceuticals, Hindustan Unilever Ltd and IndusInd Bank were the top draggers of the session. 

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