Penny Stocks Locked in the Upper Circuit on August 03, 2022

Indices extend earlier losses dragged by telecom and auto sector names. 

Economic uncertainty and rising geopolitical tensions between the US and China caused Wall Street indices to close their volatile day down on Tuesday. The Nasdaq Composite Index declined 0.16%, the Dow Jones Industrial Average plunged 1.23%, and the S&P 500 fell 0.67%.

List of Penny Stocks Today: August 03

Following is the list of penny stocks locked in the upper circuit on August 03. Keep a close eye on these counters for the upcoming sessions.

The rupee lost value against the US dollar and reached 78.80. Nirmala Sitharaman, Finance Minister of India, asserted that the rupee has regained its natural strength and that there is no danger in the rupee's declining value relative to the US dollar. 

The Indian domestic indices began the day marginally lower, reflecting the tensions in the global markets. At 11:15 am, the Nifty 50 was trading at the 17,242.65 level, declining by 0.59%. On the Nifty 50 index, the top gainers were Cipla, Tech Mahindra and Tata Consultancy Services whereas; Tata Motors, Maruti Suzuki and Coal India were the top losers of the session. 

Sensex was trading at a level of 57,842.56, falling by 0.51%. The top gainers were Tech Mahindra, Bharti Airtel and Tata Consultancy Services whereas; Maruti Suzuki, Kotak Mahindra Bank and Mahindra and Mahindra were the top draggers of the session.  

Nearly all sectors were trading down, with the exception of BSE IT and BSE Teck. With losses of more than 1.5%, BSE Telecom was the hardest impacted sector, being pulled down by Indus Towers and Vodafone Idea Ltd.

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