Shares below Rs 100: Only buyers were seen in these stocks on October 12!

The majority of Asian markets were trading down on the back of weak global cues. On Wednesday, the Indian benchmark indices opened higher, defying the overall trend of the global markets.

At 12.25 pm, BSE Sensex gained 0.71 per cent, reaching a level of 57,555. Nifty 50 index surged 0.70 per cent to 17,101 level. On Sensex, Power Grid Corporation of India, Axis Bank, & NTPC Ltd were the Top Gainers whereas Asian Paints, ICICI Bank, and Dr Reddy’s Laboratories were the Top Losers.  

Except for BSE Consumer Durables and BSE Capital Goods, all sectors were trading higher. The session's leading gainers were BSE Fast Moving Consumer Goods (FMCG) and BSE Metals, both of which gained more than a per cent.   

International Monetary Fund (IMF) has once again lowered its estimate of India's gross domestic product (GDP) growth for the current financial year. This time, it did by 60 basis points to 6.8 per cent.   

The rupee appreciated marginally against the US dollar. Oil prices fell for the third day in a row as investors are concerned about the impact of rising recessionary concerns and increasing COVID-19 restrictions in China on fuel demand.  

Following is the list of low-priced stocks that got locked in the upper circuit on October 12: