Watch out for these penny stocks locked in the upper circuit on April 12

Out of the 13 major sectoral indices, 11 showed progress, with financials and information technology stocks increasing by 0.3 per cent and 0.1 per cent, respectively.

The Indian stock market saw an increase as investors became optimistic about strong corporate earnings in the March quarter, based on initial numbers. However, there was some caution due to the release of important macroeconomic data later in the day and throughout the week. 

Out of the 13 major sectoral indices, 11 showed progress, with financials and information technology stocks increasing by 0.3 per cent and 0.1 per cent, respectively. The share prices of Titagarh Wagons and Bharat Heavy Electricals rose by 3 per cent each after the consortium won an order for Vande Bharat trainsets from Indian Railways. Additionally, the stock of Tata Consultancy Services Ltd, a leading IT company, rose ahead of its Quarterly Results announcement later in the day.

As of 10:40 am, the BSE Sensex is trading at 60,186 levels, up by 28 points, while the S&P BSE Mid-Cap index has gained 70 points at a level of 24,611 points. The Small-Cap index has surged by 114 points and is currently trading at a level of 28,057 points. The NSE index NIFTY50 also rose by 19 points to 17,742 levels, but the Bank Nifty surged by 56 points and is currently trading at a level of 41,423.

On April 11, the foreign portfolio investors bought securities worth Rs 342.84 crore and the domestic institutional investors (DIIs) were the net sellers of shares worth Rs 264.02 crore. 

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