Penny Stocks Locked in the Upper Circuit on July 20, 2022

Sensex surges over 700 points, Nifty goes above 16,500 level, led by IT and Teck stocks. 

Overnight, US indices closed with significant gains as additional corporations joined giant banks in reporting earnings that were above expectations, providing relief to investors concerned about high inflation and an economic slowdown. The Nasdaq Composite Index soared 3.11%, the Dow Jones Industrial Average advanced 2.43%, and the S&P 500 surged 2.76%.

List of Penny Stocks Today: July 20

Following is the list of penny stocks locked in the upper circuit on July 20. Keep a close eye on these counters for the upcoming sessions.

Domestic indices were opened higher tracking optimistic global cues. At 11:50 am, the Nifty 50 was trading at the 16,545.90 level, jumping by 1.26%. On the Nifty 50 index, the top gainers were Oil and Natural Gas Corporation, Apollo Hospitals and Reliance Industries Ltd whereas; HDFC Life Insurance, Eicher Motors and Mahindra and Mahindra were the top losers of the session.

Sensex was trading at a level of 55,473.81, gaining by 1.29%. The top gainers were Tech Mahindra, Reliance Industries and Tata Consultancy Services, whereas Mahindra and Mahindra, Sun Pharmaceuticals and Bharti Airtel were the top draggers of the session.

The demand for dollars from oil importers and firm crude oil prices caused the rupee to weaken to 79.96 against the US dollar. Based on the size of deposits and the extent of operations, a Reserve Bank of India (RBI) committee has recommended a four-tiered regulatory framework for urban cooperative banks (UCBs).

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