Earthquake in US banks, upper circuit in these junk stocks amid falling stock market – these penny stocks are locked in the upper circuit today

New Delhi: After Silicon Valley Bank and Signature Bank, Credit Suisse’s meltdown has added to the stress in the banking sector. Wall Street indices closed with overnight losses due to the difficulties of the banking crisis. At the same time, Asian markets are echoing the voice of global recession. Indian benchmark indices opened higher today but then hit the red mark.

At 11:15, the BSE Sensex gained 0.41% to reach a level of 57,789. At the same time, the Nifty 50 index rose by 0.36% to reach the level of 17,032. Titan Company, Nestle India, Hindustan Unilever have become top gainers on Sensex today. Whereas Tata Steel, IndusInd Bank, Larsen & Toubro have become the biggest draggers in the market. Metal stocks have suffered the most. Got to see the carnage in Metal Scox. Big stocks like Hindalco Industries, Jindal Power lost 3 per cent on BSE Metals. BSE Consumer Durables tried to recover the losses and gained 1 per cent.

On the BSE, 1,115 scrips advanced and 2,099 scrips declined. The advance-decline ratio remained strongly in favor of the decline. The broader indices were trading in the red zone. Shares of BSE top smallcap gainer Binny Ltd climbed over 15% on spurt in volumes after recovering from their 52-week low. Today these penny stocks are locked in the upper circuit. Investors should keep an eye on these stocks.

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