Penny Stocks that Locked in upper circuit on 12 July 2023

In this article we read about Penny Stocks that Locked in upper circuit on 12 July 2023. The equity markets in the United States saw a significant increase on Tuesday, before the release of crucial inflation statistics. JPMorgan and other financial firms saw significant gains as investors prepared for upcoming earnings. The Dow Jones gained 317.02 points, the S&P 500 gained 29.73 points, and the Nasdaq Composite gained 75.22 points, all of which contributed to a stronger overall position for the market. Officials from the Federal Reserve have indicated that further rate hikes are necessary to bring inflation under control, while also suggesting that the present cycle of monetary tightening is nearing its conclusion.

The Sensex and the Nifty both got off to a good start as the trading session started at 9:30 in the morning, increasing by 0.14 percent and 0.13 percent respectively. Following in the footsteps of the Nifty Large cap and Nifty Midcap indexes, the Nifty Small cap and Nifty Midcap indices opened with gains of 0.22 and 0.7% percent, respectively.

Nifty Energy, Nifty Fast Moving Consumer Goods, and Nifty Public Sector Bank emerged as the Top Gainers among the sectors indexes, whilst Nifty Auto, Nifty Information Technology, and Nifty Realty all experienced losses. ONGC, Titan, and UPL were some of the most notable gainers on the Nifty 50, while Indusind Bank, M&M, and Hero Motocorp were among the companies that saw losses.

There were 1263 stocks that went up in price while there were only 552 stocks that went down in price. This would seem to indicate that market sentiment was good.

On July 11, shares worth a total of Rs. 1,197.38 crore were purchased by foreign institutional investors (FII), while shares worth a total of Rs. 7.25 crore were sold by domestic institutional investors (DII).

The following is a list of Penny Stocks that Locked in upper circuit on 12 July 2023