Watch out for these penny stocks locked in the upper circuit on July 22

At 10.46 am, the barometer index, S&P BSE Sensex, climbed 29 points to 55,711 levels.

While European Central Bank (ECB) raised interest rates by half a per cent for the first time in 11 years, the Indian market opened strongly on Friday, extending the winning run to six days. For the sixth day in a row, bank stocks have increased. The shares of JSW Steel surged 5 per cent and trades at Rs 245 per share as its revenue jumped.  

At 10.46 am, the barometer index, S&P BSE Sensex, climbed 29 points to 55,711 levels. In the broader market, S&P BSE Midcap index trades at 23,690, falling by merely 13 points while S&P BSE Smallcap index added 9 points to trade at 26,727 levels. The top gaining sectors on Sensex are banking and finance.  

Meanwhile, Nifty traded above the 16,600 mark. Nifty index continued its upward journey with decent gains of 15 points at 16,620 levels. Bank Nifty zoomed 286 points to trade at 36,487 levels. The Top Gainers are UPL (3.03 per cent), Eicher Motors (2.39 per cent), Kotak Mahindra Bank (1.70 per cent), Titan (1.34 per cent), and HDFC (1.02 per cent).  

Foreign portfolio investors (FPIs) bought shares worth Rs 1,799.32 crore on July 21 while the domestic institutional investors (DIIs) sold shares worth Rs 312.29 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: