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

Domestic equity bourses trading in red; Utilities, Power and Realty are market draggers. 

Overnight, the Wall Street indices rose slightly amid positive cues. Investors were less worried about the continuously rising inflation as minutes from the Federal Reserve’s policy meeting showed that the central bank is going to raise interest rates by a half-percentage point each in June and July in order to overcome the inflation. The Dow Jones Industrial Average, S&P 500 and Nasdaq gained 0.60%, 0.95% and 1.51%, respectively. 

List of Penny Stocks Today: May 26

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

At 10:30 am, the Nifty 50 was trading at the 15,990.00 level, down by 0.22%. The top gainers in the Nifty 50 pack were Nestle India Ltd, HDFC Bank and Housing Development Finance Corporation Ltd. On the other hand, top losers were Adani Ports and Special Economic Zone, Bharat Petroleum Corporation Ltd and Asian Paints Ltd. Nifty Bank was at the level of 34,533.85, advanced by 0.57%. The top performers were HDFC Bank, AU Small Finance Bank and Axis Bank. 

Sensex was trading at a level of 53,618.99, down by 0.24%. BSE Midcap index was trading at a level of 21,527.15, slipped by 1.38%. BSE Smallcap index fell by 1.93% and was trading at a level of 24,637.29. The top performers of Sensex were Nestle India Ltd, HDFC Bank and Housing Development Finance Corporation Ltd. And, stocks pulling down the index were Asian Paints, Bajaj Finserv and Bajaj Finance Ltd. 

On the sectoral front, most of the indices were trading in red, with BSE Power and BSE Utilities being the most affected sectors.