Watch out for these penny stocks locked in the upper circuit on January 25

The major equity indices fell and set a new intraday low as investors became alarmed by weak global cues and inadequate growth outlooks of companies.

The major equity indices fell and set a new intraday low as investors became alarmed by weak global cues and inadequate growth outlooks of companies. 

The benchmark BSE Sensex fell 578.15 points or 0.95 per cent, to 60,400, while the broader NSE index NIFTY lost 183.10 points or 1.01 per cent, to 17,935.20, on weak economic data from the United States that hinted at a possible recession and downbeat growth outlook from businesses. 

The S&P BSE Mid-Cap dropped by 316 points only and is at a level of 24,721. The Small-Cap index, likewise fell by 240 points, trading at 28,182 level. Similarly, the Bank Nifty is currently trading at a level of 41,979 with a growth of 753 points. 

On January 24, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 760.51 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 1,144.75 crore.  

Following is the list of Penny Stocks that got locked in the upper circuit on Wednesday. Keep a close eye on these counters for the upcoming sessions: