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

Indian equity market has soared like an eagle on Monday morning led by IT and tech names.

The Dow Jones Industrial Average rose 1.76% and S&P 500 climbed 2.47%. Along similar lines, Nasdaq also surged 3.33%. Elon Musk committed to pay for Twitter which resulted in the heavy buying of the shares of Tesla and Twitter. On Friday, shares of Tesla Inc surged by more than 7%. On the other hand, Musk announced, “Tesla will not put any manufacturing plant in India or in any location where we are not allowed first to sell and service cars.”
 

List of Penny Stocks Today: May 30

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.

At 10:40 am, all the leading Asian indicators were trading upwards. Japan’s benchmark index Nikkei 225 surged more than 2% amid growth in most of the Asian shares. SGX Nifty also indicated a positive opening with a gain of 121 points.

In India, the Nifty 50 was trading at 16,628.20 level, up by 1.69%. The top gainers in the Nifty 50 pack were HCL Technologies, Infosys and Adani Ports and Special Economic Zone. On the other hand, top losers were JSW Steel, Sun Pharmaceuticals and Dr Reddy’s Laboratories. The Nifty Bank was at the level of 35,988.20, advanced by 1.05%. The top performers were Federal Bank, IndusInd Bank and HDFC Bank.

Sensex was trading at a level of 55,861.63, up by 1.78%. BSE Midcap index was trading at a level of 22,938.54, climbing by 1.87%. BSE Smallcap index too advanced by 1.96% and was trading at a level of 26,122.73. The top performers of Sensex were HCL Technologies, Infosys and Titan Company Ltd. And, stocks pulling down the index were Sun Pharmaceuticals, Dr Reddy’s Laboratories and Kotak Mahindra Bank.

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