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

On January 16, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 750.59 crore,

On Tuesday, the major equity indices were trading with respectable gains. Metal, pharma and media shares declined, while PSU banks, IT and oil & gas shares were in demand. 

The barometer index, the S&P BSE Sensex, trades in green, up by 334 points at 11:00 IST and is currently trading at a level of 60,427. The S&P BSE Mid-Cap on the other hand fell by 28 points, trading at a level of 25,057 at the moment. The Small-Cap index, similarly dropped by mere 17 points, trading at 28,812 level. 

The Nifty 50 index has jumped by 85 points and is trading at 17,980 level. Similarly, the Bank Nifty is currently trading at a level of 42,217 with a slight gain of 49 points. 

On January 16, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 750.59 crore, while the domestic institutional investors (DIIs) were the net buyers of shares worth 685.96 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: