Watch out for these penny stocks locked in the upper circuit on April 05

Among the 13 major sectoral indices, eight advanced, with financials which had a high weightage, rising nearly 1 per cent.

On Wednesday, Indian stocks opened slightly higher due to strong quarterly updates from finance companies and banks, although investors remained cautious due to inflation concerns ahead of the Reserve Bank of India's monetary policy decision. Among the 13 major sectoral indices, eight advanced, with financials which had a high weightage, rising nearly 1 per cent. Bajaj Finance, one of the Top Gainers in the Nifty 50, rose over 3 per cent after booking new loans that grew 20 per cent YoY in the March quarter. HDFC Bank, a heavyweight in the index, also rose over 1.5 per cent following a 20.8 per cent YoY increase in deposits to 18.84 trillion rupees as of March 31, according to the company's report.

As of 10:55 am, the BSE Sensex, is trading at 59,464 levels, seeing a jump of 358 points. The S&P BSE Mid-Cap index on the other hand is trading in mild loss of 29 points at a level of 24,123 points. The Small-Cap index has soared by 194 points and is currently trading at a level of 27,466 points. The NSE index NIFTY50 following the Sensex jumped by 91 points, to 17,489 levels. The Bank Nifty is currently trading at a level of 40,838 up by 25 points.

On April 03, the foreign portfolio investors sold securities worth of Rs 328.24 crore and the domestic institutional investors (DIIs) were the net buyers of shares worth 321.93 crore. 

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