These penny stocks are locked in the upper circuit today

Mumbai: There is a lot of turmoil in the domestic stock market today. A slight softening in tensions between Russia and Ukraine has led to a rise in the markets around the world, but the Sensex and Nifty 50 are showing a decline. Barring Capital Goods and Banking, all other indices are trading positive. However, IT stocks are trading flat while realty stocks have done well. With investors taking a cautious approach, buying demand seems to be subdued.

Investors across the world reacted to bond yields hitting a two-year high. The Federal Reserve is expected to hike rates by 50 basis points in March. BSE Sensex is trading at 57,964 points down by 178 points. Shares of Mahindra & Mahindra, HDFC Bank and Dr Reddy Laboratory are seeing a rise. On the other hand, State Bank of India, Larsen & Toubro, ICICI Bank and Tata Steel were the biggest losers.

nifty stock status
Nifty 50 index is also trading 44 points down at 17,308.15 points. Similarly, Nifty Bank is also down 295 points at 37,874.55 points while Nifty Midcap is trading 13 points higher at 7,324.00 points. Adani Ports, Mahindra & Mahindra, Divis Laboratories, Grasim Industries, and HDFC Life Insurance are seeing a rise in the Nifty 50 index. On the other hand, shares of State Bank of India, Larsen & Toubro, Ultratech Cement, ICICI Bank and Eicher Motors declined.

Today these penny stocks touched the upper circuit. Keep an eye on these stocks in the coming days.

penny

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