Watch out for these penny stocks locked in the upper circuit on April 19

The weak sentiment was a result of a lacklustre beginning to the quarterly earnings season.

On Wednesday, Indian stocks experienced a decline, mainly due to the poor performance of the information technology (IT) sector. The weak sentiment was a result of a lacklustre beginning to the quarterly earnings season. 

Out of the 13 major sectoral indexes, nine of them showed a decrease. Although high-weightage financials remained relatively stable, IT stocks fell by more than 1 per cent. It is anticipated that the markets will remain unsteady and erratic, and the earnings season will be the primary driver until the U.S. Federal Reserve rate decision on May 3.

As of 11:25 am, the BSE Sensex is trading at 59,633 levels, plunging by 93 points, while the S&P BSE Mid-Cap index is trading with a mere again of 15 points at a level of 25,003 points. The Small-Cap index is trading higher at the current level of 28,355 level gaining 107 points. The NSE index NIFTY50 also fell by 23 points to 17,636 levels, but the Bank Nifty dropped by 169 points and is currently trading at a level of 42,096 level.

On April 18, the foreign portfolio investors sold securities worth Rs 810.60 crore and the domestic institutional investors (DIIs) were the net buyers of shares worth Rs 401.66 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: