Watch out for these penny stocks locked in the upper circuit on January 04 Watch out for these penny stocks locked in the upper circuit on January 04 While awaiting the minutes from the Federal Reserve's December meeting, investors are worried about the trajectory of increase in interest rate. Kaustubh Bhosale / Wednesday, January 4, 2023 / Article rating: 4.1 After a weak opening on Wednesday, the Indian stock markets extended their losses.