Penny Stocks Locked in the Upper Circuit on August 30, 2022

Indian benchmark indices made a robust start, making up lost ground. 

On concerns about rate hikes amid rising inflation, Wall Street indices finished lower overnight to extend losses. The Nasdaq Composite plunged 1.63%, the Dow Jones Industrial Average fell 0.57%, and the S&P 500 declined 0.67%. A day after falling to an all-time low of 80.15 against the dollar, the rupee recovered lost ground and strengthened in early trade.

List of Penny Stocks Today: August 30

Following is the list of penny stocks locked in the upper circuit on August 30. Keep a close eye on these counters for the upcoming sessions.

Gains in power, utility, and auto sector stocks fuelled higher openings for domestic indices in India. Maruti Suzuki led the advances in the BSE Auto sector with gains of more than 3%, making it one of the top gainers on the Sensex. BSE Healthcare was the only market underperformer in a market where all sectoral indices were trading higher than 1%.  

At 11:25 am, the BSE Sensex gained 1.30%, reaching a level of 58,728. The Nifty 50 index rose 1.32% to 17,542 level. The biggest gainers on the Sensex were Bajaj Finserv, Maruti Suzuki, and IndusInd Bank, while no stocks were in the red territory. 

In the broader markets, the BSE Midcap index climbed 1.46% and was trading at a level of 25,281, while the Smallcap index advanced 1.27% and was trading at a level of 28,613. 

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