Penny Stocks Locked in the Upper Circuit on Jun 30, 2022

Indices trim gains to trade lower dragged by realty and metal names. The Federal Reserve Chairman Jerome Powell said there is a risk that the interest rate hikes will slow down the economy too much, but the bigger risk is surging inflation. US Treasury yields eased for a second consecutive day while the benchmark indices traded flat. The Dow Jones Industrial Average advanced 0.27% whereas S&P 500 slipped 0.07%. The Nasdaq Composite also slightly declined by 0.03%.

List of Penny Stocks Today: Jun 30

Following is the list of penny stocks locked in the upper circuit on June 30. Keep a close eye on these counters for the upcoming sessions.

Indian benchmark indices declined after trimming the early gains. At 11:20 am, the Nifty 50 was trading at the 15,785.30 level, which fell by 0.09%. On the Nifty 50 index, the top gainers were HDFC Life Insurance Company, Axis Bank and SBI Life Insurance whereas; Cipla, Oil and Natural Gas Corporation and JSW Steel were the top losers of the session.

Sensex was trading at a level of 53,055.97, edged up by 0.05%. The stocks trading in the green were Axis Bank, Kotak Mahindra Bank and State Bank of India. Tech Mahindra, Bajaj Finance and HCL Technologies were the top draggers of the opening session. Wardwizard Innovations, Bharat Road Network Ltd and AKI India Ltd were the top gainers on the BSE as all these stocks rallied and locked up in the 20% upper circuit.

Recovering from the all-time low, the rupee appreciated 13 paise to 78.90 against the US dollar. In other developments, the Securities and Exchange Board of India (SEBI) has allowed foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives market.

 

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