Penny Stocks Locked in the Upper Circuit on July 26, 2022

IT and Teck companies continue to weigh down domestic indices ahead of a US interest rate hike. 

The Nasdaq Composite Index dipped by 0.43%, while the S&P 500 and Dow Jones Industrial Average seesawed between modest gains and losses but managed to finish in the green. This week, earnings reports are expected from Apple Inc, Amazon Inc, Alphabet Inc, Meta Platforms, and Microsoft Corp, which together have a market valuation of $8.9 trillion.

List of Penny Stocks Today: July 26

Following is the list of penny stocks locked in the upper circuit on July 26. Keep a close eye on these counters for the upcoming sessions.

Prior to a rush of blue-chip earnings, Indian benchmark indicators declined, with falls in IT companies leading the way as investors prepared for a likely significant US interest rate hike. At 11:45 am, the Nifty 50 was trading at the 16,515.20 level, down by 0.70%. On the Nifty 50 index, the top gainers were Bajaj Finserv, Bajaj Finance and UltraTech Cement Company whereas; Infosys, Axis Bank and Dr Reddy’s Laboratories were the top losers of the session.

Sensex was trading at a level of 55,401.13, losing 0.65%. The top gainers were Bajaj Finserv, Bajaj Finance and UltraTech Cement Company whereas; Infosys, Axis Bank and Dr Reddy’s Laboratories were the top draggers of the session. Rupee trades in a limited range today after strengthening yesterday as a result of the decline in crude oil prices.