Watch out for these penny stocks locked in the upper circuit on February 16!

Asian markets across the board experienced short-covering buying as geopolitical risk decreased.

Asian markets across the board experienced short-covering buying as geopolitical risk decreased. In terms of sectoral indices, on BSE, the Capital Goods underachieved sinking 125 points. Bankex was marginally down as investors saw the risk from nearly Rs 22,000 crore fraud by ABG Shipyard against 28 banks. Realty and power index climbed over 1 per cent each. A huge sell-off was seen by the FII yesterday of Rs 2,298.76 crore and the huge buying was seen by the DII of Rs 4,411.60 crore was recorded.  

The BSE Sensex index had plummeted by 216 points and is trading at a level of 57,925.16. The Top stocks on the Index are Mahindra & Mahindra (1.58 per cent), HDFC Bank (1.39 per cent), and Dr Reddy Laboratories (0.90 per cent). BSE MidCap has increased by 83 points and is trading at 24,108.93 points. The gaining stocks today in the index are Mahindra & Mahindra Financial Services (6.25 per cent), Adani Power (6.36 per cent), and Crisil (5.67 per cent). BSE SmallCap also soared today and is trading at 28,250.12, up by 206 points. The top gainers are Mirza Industries (12.71 per cent), Ramco Systems (11.52 per cent), and Surya Roshni (10.97 per cent). 

The Nifty 50 index is slipped and is trading at 17,319.15 levels, down by 166 points. The major contributors are Adani ports, Divis Laboratory, Grasim Industries, ONGC, Mahindra & Mahindra, gaining 1.79 per cent each. The stocks that are in red today are State Bank of India, Eicher Motors, Larsen & Toubro, ICICI Bank, and UltraTech Cement falling more than 0.89 per cent each. 

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