Watch out for these penny stocks locked in the upper circuit on January 27

The benchmark BSE Sensex fell 697 points, or 1.16 per cent, to 59,507.31 levels.

In the morning trade, the domestic equities barometers continued to fall and touched a new intraday low. Following a two-year investigation of the Adani group companies, Hindenburg, a US-based investment research firm that specialises in activist short-selling, made extensive accusations of corporate malfeasance; as a result, a significant decline is seen in the Adani stocks.

The benchmark BSE Sensex fell 697 points, or 1.16 per cent, to 59,507.31 levels. The S&P BSE Mid-Cap dropped by 231 points only and is at a level of 24,425. The Small-Cap index, likewise fell by 320 points, trading at 27,834 level. 

While the broader NSE index NIFTY lost 192.80 points or 1.08 per cent, to 17,699.15. Similarly, the Bank Nifty is currently trading at a level of 41,730 with a growth of 916 points.

On January 25, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 2,393.94 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 1,378.49 crore. 

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