Watch out for these penny stocks locked in the upper circuit on April 03

Although ten of the thirteen major sectoral indices went up, auto stocks rose by 1 per cent due to strong March sales.

On Monday, the first day of the financial year, Indian stocks showed little movement as concerns about inflation increased due to a sudden cut in oil production by OPEC+. Although ten of the thirteen major sectoral indices went up, auto stocks rose by 1 per cent due to strong March sales. SML Isuzu saw a rise of over 15 per cent in response to a 167 per cent increase in passenger vehicle sales in March. The surge in crude oil prices caused by a surprise production cut by Saudi Arabia and other oil-exporting nations over the weekend has dampened market sentiment due to concerns about inflation. 

As of 11:27 am, the BSE Sensex, is trading at 58,820 levels, showing a fall of 170 points. The S&P BSE Mid-Cap index is also trading in mild gains of 33 points at a level of 24,098 points. The Small-Cap index has jumped by 239 points and is currently trading at a level of 27,196 points. The NSE index NIFTY50 following the Sensex dropped by 34 points, to 17,325 levels while, the Bank Nifty is currently trading at a level of 40,623 up by 15 points. 

On March 31, the foreign portfolio investors sold securities worth of Rs 2,479.96 crore and the domestic institutional investors (DIIs) were the net buyers of shares worth 357.86 crore.  

Following is the list of Penny Stocks that got locked in the upper circuit on Monday. Keep a close eye on these counters for the upcoming sessions: