Watch out for these penny stocks locked in the upper circuit on April 26

Stocks on Wall Street drastically declined overnight due to weak economic data and weak earnings.

Indian stocks opened lower on Wednesday, as mounting recession fears in the United States overshadowed cautious optimism in home markets ahead of a busy earnings week. Stocks on Wall Street drastically declined overnight due to weak economic data and weak earnings. According to a study, U.S. consumer confidence hit a nine-month low in April, heightening worries about a potential impending recession. Asian markets continued to be quiet. 

As of 11:00 am, the BSE Sensex is trading at 60,104 levels, losing 26 points. While the S&P BSE Mid-Cap index is trading at a level of 24,980 points with small increase of 18 points. The Small-Cap index is trading higher at a level of 28,477 soaring 92 points. The NSE index NIFTY50 is trading in red, down by mere 12 points at a level of 17,756. The Bank Nifty jumped by 168 points and is currently trading at a level of 42,804. 

On April 25, the foreign portfolio investors sold securities worth of Rs 407.35 crore and the domestic institutional investors (DIIs) were the net buyers of shares worth 563.61 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: