Penny Stocks Locked in the Upper Circuit on May 27, 2022

Domestic equity bourses trading higher today, led by IT, Teck and Finance names.   

Overnight, the Wall Street indices rallied amid positive cues. The Dow Jones Industrial Average rose 1.61% and S&P 500 advanced 1.99%. Similarly, Nasdaq gained 2.68%. Elon Musk committed to pay for Twitter which resulted in the heavy buying of the shares of Tesla and Twitter. Both stocks gained 7.43% and 6.35%, respectively.

List of Penny Stocks Today: May 27

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

At 10:55 am, all the leading Asian indicators were trading upwards. Hong Kong’s benchmark index Hang Seng surged by more than 2.5%. SGX Nifty also indicated a positive opening with a gain of 93 points.

In India, the Nifty 50 was trading at 16,271.85 level, up by 0.63%. The top gainers in the Nifty 50 pack were Bajaj Finance, HDFC Life Insurance Company and IndusInd Bank. On the other hand, the top losers were Oil and Natural Gas Corporation, NTPC Ltd and Asian Paints Ltd. The Nifty Bank was at the level of 35,553.10, advanced by 1.31%. The top performers were IDFC First Bank, IndusInd Bank and Bandhan Bank.

Sensex was trading at a level of 54,590.42, up by 0.62%. BSE Midcap index was trading at a level of 22,400.09, climbing by 1.16%. BSE Smallcap index too advanced by 1.03% and was trading at a level of 25,578.37. The top performers of Sensex were Bajaj Finance, IndusInd Bank and Bajaj Finserv. And, stocks pulling down the index were NTPC Ltd, Asian Paints and Reliance Industries Ltd.

On the sectoral front, most of the indices were trading in the green, with BSE Finance and BSE IT being the top-performing sectors. BSE Oil and Gas and BSE Energy were the only sectors trading in the red.

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