Penny Stocks Locked in the Upper Circuit on Jun 08, 2022

 Domestic indices turn positive as RBI retains growth at 7.2% The Reserve Bank of India (RBI) hiked the key repo rate by 50 bps to 4.90% in order to combat the surging inflation.
 

List of Penny Stocks Today: Jun 08

Following is the list of penny stocks locked in the upper circuit on June 08. Keep a close eye on these counters for the upcoming sessions. 

This was the second raise in a row this year. RBI Governor Shaktikanta Das said, “With inflationary pressures becoming broad-based, it was likely that the CPI inflation would remain above the RBI’s 2-6% band for the first three quarters of the current financial year.”  Consumer prices continued to rise in April as inflation reached an eight-year high of 7.8%. RBI retained India’s growth rate at 7.2% for FY23.

At 11:00 am, the Nifty 50 was trading at the 16,457.55 level, up by 0.25%. The top gainers in the Nifty 50 pack were State Bank of India, Bajaj Finance and Oil and Natural Gas Corporation. On the other hand, the top losers were UPL Ltd, Cipla and Reliance Industries Ltd. The Nifty Bank was at the level of 35,318.95 advanced by 0.92%. The top performers were Bank of Baroda, State Bank of India and IDFC First Bank.

Sensex was trading at a level of 55,249.48, up by 0.26%. BSE Midcap index was trading at a level of 22,654.63, climbing by 0.40%. BSE Smallcap index too advanced by 0.31% and was trading at a level of 26,145.27. The top gainers of Sensex were Bajaj Finance, State Bank of India and Bajaj Finserv Ltd. And, stocks pulling down the index were Reliance Industries, Asian Paints and Bharti Airtel. 

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