Watch out for these penny stocks locked in the upper circuit on February 7!

The Indian benchmark indices extended losses in Monday morning deals amid weakness seen in auto and financial stocks.

The Indian benchmark indices extended losses in Monday morning deals amid weakness seen in auto and financial stocks. On BSE, the overall market coverage was positive as 1,261 shares were advancing while 561 were declining. Among sectors, except PSU bank, metal and power all other sectoral indices are trading in the red with auto, FMCG, IT, bank, healthcare, realty, capital goods down 1-2 per cent. FII selling on Friday was Rs 2267.86 crore and the DII inflow was recorded at Rs 621.98 crore.  

The BSE Sensex index had declined by 785 points and is trading at a level of 57,858.90. BSE MidCap has also fallen by 247 points and is trading at 24,502.90 points. The gaining stocks today in the index are Union Bank (5.63 per cent), Bank Of India (3.89 per cent), and Adani Power (3.27 per cent). BSE SmallCap also weakened and is trading at 29,500.16 down by 202 points. The top gainers are Uttam Sugar (12.65 per cent), Gujarat Narmada Valley Fertilizers & Chemicals (12.17 per cent), and Shankara Building Products (11.15 per cent). 

The Nifty 50 index has plummeted and is trading at 17,409.60 levels fallen by 106 points. The major contributors are State Bank Of India, Tata Steel, Power Grid Corporation OF India, Coal India, and ONGC contributing a majority, and gaining 1.2 per cent each. The stocks losing today are HDFC Bank, Hero MotoCorp, Larsen & Toubro, HDFC Life, and Bajaj Finance, falling by more than 2.6 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.