Penny Stocks Locked in the Upper Circuit on Jun 06, 2022

Sensex falls over 250 points, Nifty around 16,500 dragged by IT stocks.

Wall Street indices closed sharply lower on Friday on the fear of a pending recession and high inflation. Nasdaq slumped nearly 2.5%, as shares of tech giants with Apple and Tesla dragged the market down. The Dow Jones Industrial Average and S&P 500 lost 1.05% and 1.63%, respectively.

List of Penny Stocks Today: Jun 06

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

The US economy added 3,90,000 jobs in May, better than expected, the Bureau of Labor Statistics reported on Friday. Still, the unemployment rate held at 3.6% and created room for the Federal Reserve to continue its aggressive policy measures to combat inflation.

Benchmark indicator SGX Nifty indicated a gap down opening with a loss of 84 points. In India, the Nifty 50 was trading at the 16,532.30 level, down by 0.31%. The top gainers in the Nifty 50 pack were NTPC Ltd, Oil and Natural Gas Corporation and Cipla Ltd. On the other hand, the top losers were Bajaj Finserv, Tech Mahindra and Hero Motocorp Ltd. The Nifty Bank was at the level of 35,339.50, edged up by 0.18%. The top performers were Bandhan Bank, AU Small Finance Bank and IndusInd Bank.

Sensex was trading at a level of 55,566.22, down by 0.36%. BSE Midcap index was trading at a level of 22,609.13, fell by 0.73%. BSE Smallcap index too slipped by 0.81% and was trading at a level of 26,171.01. The top performers of Sensex were NTPC Ltd, Sun Pharmaceuticals and IndusInd Bank. And, stocks pulling down the index were Bajaj Finserv, Tech Mahindra and Wipro Ltd.

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