Watch out for these penny stocks locked in the upper circuit on April 20

The banking, financial and IT sectors were the main contributors to the increase.

On Thursday, the Indian stock market indices began trading slightly higher, despite weak global trends, following three consecutive sessions of losses. The banking, financial and IT sectors were the main contributors to the increase. Among the Sensex stocks, Titan and Ultratech Cement showed the greatest gains, increasing by more than 1 per cent. Additionally, Asian Paints, ITC, Tata Motors, TCS, Bajaj Finserv and HDFC Bank had higher openings. However, only Tata Steel, HUL and Bajaj Finance had negative openings. Mastek, an IT firm, saw its shares rise by more than 8 per cent after a 22 per cent YoY increase in Q4 FY23 revenue, while Tata Communication's shares remained unchanged after the company's Q4 net profit fell by 10 per cent to Rs 326 crore. 

As of 10:15 am, the BSE Sensex is trading at 59,656 levels, soaring by 89 points. While the S&P BSE Mid-Cap index is trading with mere gains of 20 points at a level of 24,961 points. The Small-Cap index is trading higher at currently level of 28,352 level gaining 71 points. The NSE index NIFTY50 also surged by 16 points to 17,635 levels but the Bank Nifty climbed by 145 points and is currently trading at a level of 42,299 level. 

On April 19, the foreign portfolio investors sold securities worth of Rs 13.17 crore and the domestic institutional investors (DIIs) were the net sellers of shares worth 110.42 crore.  

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