Watch out for these penny stocks locked in the upper circuit on August 23

The barometer index - S&P BSE Sensex fell 202 points to trade at 58,579 levels at 10.59 am.

The Indian equity benchmarks i.e. BSE Sensex and NSE Nifty50 started Tuesday's session in the red, tracking weakness across global peers as the prospect of aggressive hikes in interest rates made investors nervous. The oil price rose as the OPEC member warned that they could cut the output to correct the recent price drop.  

The barometer index - S&P BSE Sensex fell 202 points to trade at 58,579 levels at 10.59 am. S&P BSE Midcap index, on the other hand, gained 14 points to reach at 24,531 level. Meanwhile, S&P BSE Smallcap index declined 5 points to trade at 27,839 levels. Most of the sectors are trading in the green except energy, IT, power, and utilities, which are major losers.  

Nifty index trades at 17,436 levels with a loss of mere 54 points. Likewise, Bank Nifty descended 41 points to trade at 38,256 levels. The Top Gainers on Nifty are Bajaj Finserv (2.39 per cent), Eicher Motors (2.04 per cent), Mahindra & Mahindra (1.99 per cent), Grasim Industries (1.88 per cent), and Cipla (1.51 per cent).  

Foreign portfolio investors (FPIs) sold shares worth Rs 453.77 crore on August 22 while domestic institutional investors (DIIs) sold shares worth Rs 85.06 crore.  

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