Watch out for these penny stocks locked in the upper circuit on July 1

On Friday morning, Sensex opened in the red territory. The index lost 546 points and is trading at 53,472 at 11.05 am.

The major equity indices experienced heavy losses in the opening trading. Nifty traded a tad below 15,600. All sectoral indices on NSE traded in the red with the exception of Nifty FMCG index. Reliance Industries, a company that dominates the index, pulled down the market by roughly 6 per cent after the government imposed Rs 6 per litre tax on the sale of gasoline and ATF along with a Rs 13 per litre tax on the export of diesel.  

On Friday morning, Sensex opened in the red territory. The index lost 546 points and is trading at 53,472 at 11.05 am. BSE Midcap index too declined 83 points and trades at 21,642 levels. Likewise, BSE Smallcap index plunged 149 points and trades at 24,636 levels. In terms of sectoral indices, only FMCG and realty sectors are trading in the green, climbing 1 per cent & 0.19 per cent, respectively.  

Nifty 50 index too witnessed a fall and is down by 164 points to trade at 15,615 levels. Similarly, Bank Nifty tumbled 203 points and trades at a level of 33,221. The Top Gainers on the index are Asian Paints, ITC, Cipla, Bajaj Finserv, and Hindustan Unilever. On the other hand, the Top Losers include ONGC, Reliance Industries, Coal India, Titan, and Bharti Airtel.   

Foreign portfolio investors (FPIs) sold shares worth Rs 1,138.05 crore on June 30 while the domestic institutional investors (DIIs) bought shares worth Rs 1,138.05 crore.  

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: