Penny Stocks Locked in the Upper Circuit on Jun 23, 2022

Sensex gains over 600 points, Nifty near 15,600 led by auto and metal stocks. Wall Street indices closed lower in a choppy session on Wednesday as Federal Reserve Chairman Jerome Powell gave clues about the anticipated rate hike in the July meeting. The Dow Jones Industrial Average fell 0.15% while S&P 500 declined 0.13%. The Nasdaq Composite also slipped by 0.15% on fears of recession and high inflation.

List of Penny Stocks Today: Jun 23

Following is the list of penny stocks locked in the upper circuit on June 23. Keep a close eye on these counters for the upcoming sessions.

In contrast, Indian domestic indices opened in the green territory. At 11:10 am, the Nifty 50 was trading at the 15,617.40 level, rising by 1.32%. On the Nifty 50 index, the top gainers were Hero Motocorp Ltd, Maruti Suzuki and Tata Motors Ltd whereas Power Grid Corporation of India, Apollo Hospitals and Titan were top losers of the session.

Sensex was trading at a level of 52,488.16, advanced by 1.28%. The stocks trading in the green were Maruti Suzuki, Bharti Airtel and Asian Paints. Power Grid Corporation of India and Titan were the only draggers of the opening session. Responsive Industries Ltd and Minaxi Textiles Ltd were the top gainers on the BSE as both of these surged over 19%.

On the sectoral front, all the sectors were trading in the green with BSE Auto and BSE Metals being the top gaining sectors. Gains were witnessed in the telecom sector names as the government’s decision to include design-led manufacturing in the production-linked incentive (PLI) scheme for telecom and networks equipment is likely to help India to attract around $3 billion of potential investments from global and local companies.

 

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