Watch out for these penny stocks locked in the upper circuit on February 17

The US inflation figures raised concerns about a longer period of interest rate hikes.

In the morning session, the domestic equities benchmarks continued to trade with moderate losses. The US inflation figures raised concerns about a longer period of interest rate hikes. Meanwhile, more pessimistic remarks from the Federal Reserve led to a fall in all international markets. The rupee also dipped slightly versus the dollar to 82.7400 on the foreign exchange market, down from its previous trading session's closing of 82.7025. 

The benchmark BSE Sensex dropped by 197 points to 61,122 levels. Following it the S&P BSE Mid-Cap also weakened by 78 points and is at a level of 24,784 levels. The Small-Cap index, on the other hand climbed by 45 points, trading at 28,158 level.  

While the broader NSE index NIFTY fell by 52 points, to 17,983 levels. The Bank Nifty is currently trading at a level of 41,263, down by 367 points. 

On February 16, the foreign portfolio investors (FPIs) and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 1570.62 and 1,577.27 crore respectively.   

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: