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

Following weak global cues, the Indian market is witnessing a tumultuous session on Friday and is trading flat.

Following weak global cues, the Indian market is witnessing a tumultuous session on Friday and is trading flat. All the major sectoral indices are trading lower with banking, healthcare, and IT stocks underperforming the most. As investors grew wary of Fed's interest rate hiking approach, the volatility in the Indian shares also tracked a variety of global factors. The shares of Tata Elxsi reached a price of Rs 9,952.15 and made a fresh 52-week high thereby, breaking its previous 52-week high made on August 10.  

The barometer index S&P BSE Sensex plunged 51 points to trade at 59,280 levels at 10.46 am. S&P BSE Midcap index trades at 24,764, up by 37 points. S&P BSE Smallcap index too surged 121 points to trade at 27,919 levels. In terms of sectoral indices, on Sensex, energy, oil & gas, metal, and realty index surged more than a per cent each.  

Nifty index trades at 17,660 levels with a gain of only two points. On the other hand, Bank Nifty declined 63 points to trade at 38,816 levels. The Top Gainers on Nifty are ONGC (3.39 per cent), NTPC (2.54 per cent), Tata Steel (2.20 per cent), SBI Life Insurance (1.84 per cent), and Power Grid Corporation of India (1.57 per cent).  

Foreign portfolio investors (FPIs) bought shares worth Rs 2,298.08 crore on August 11 while domestic institutional investors (DIIs) sold shares worth Rs 729.56 crore.    

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