Watch out for these penny stocks locked in the upper circuit on February 1!

Indian markets were broadly on a bull run from the opening bell of Tuesday ahead of the country's Union Budget 2022-23 announcements. Sensex neared to 58,800-level, while Nifty 50 stretched its gain to near 17,550 in the early deals.

Watch out for these penny stocks locked in the upper circuit on February 1    

Indian markets were broadly on a bull run from the opening bell of Tuesday ahead of the country's Union Budget 2022-23 announcements. Sensex neared to 58,800-level, while Nifty 50 stretched its gain to near 17,550 in the early deals. While significant gains were also seen in BSE Finance, Healthcare, Realty and Information Technology. The benchmark indices at BSE soared along with broad-based indices. Today the FII net selloff was recorded at Rs -3,624.48 crore and a DII inflow of Rs 3,648.65 crore was recorded.  

The BSE Sensex index had jumped by 668 and is trading at a level of 58,682.92. BSE MidCap has jumped and is trading at 24,787.74 up by 174 points. The gaining stocks today in the index are Vodafone Idea (3.93 per cent), Honeywell Automation India (2.58 per cent), and Oberoi Realty (2.98 per cent). BSE SmallCap also climbed and is trading at 29,365.80 up by 139 points. The top gainers are Andhra Paper (9.42 per cent), Shipping Corporation Of India (7.21 per cent), and Vadilal Industries (6.85 per cent). 

The Nifty 50 index shot up and is trading at 17,574.65 levels up by 234 points. The major contributors are Sun Pharmaceuticals, Britannia, Induslnd Bank, ICICI Bank, and Tata Steel contributing the majority of the gain. The stocks of Indian Oil Corporation, Tata Motors, ONGC, BPCL and State Bank of India were among the top loser that dragged the index down. 

Following is the list of penny stocks locked in the upper circuit today. Keep a close eye on these counters for the upcoming sessions.