Watch out for these penny stocks locked in the upper circuit on July 29

In the morning trade, the domestic equity indices dropped from their day's high.

In the morning trade, the domestic equity indices dropped from their day's high. For the third session in a row, metal shares continued to rise. The shares of S Chand & Company Ltd rose nearly 5 per cent as high volume was seen in today’s trading session. There are positive global cues from other equity markets too. For individuals with a short-term trading view, today may be a good day to sell stocks that were purchased at lower prices when the market was recently at its lows.  

At 11.24 am, the barometer index S&P BSE Sensex soared 482 points to trade at 57,339 levels. In the broader market, S&P BSE Midcap index trades at 23,994, zooming 183 points. Meanwhile, S&P BSE Smallcap index also jumped 275 points to trade at 26,964 levels.   

Nifty index trades at 17,086 levels, rallying by 157 points. Likewise, Bank Nifty swelled by 24 points to trade at 37,402 levels. The Top Gainers are SBI Life Insurance (8.73 per cent), Tata Steel (7.42 per cent), Hindalco Industries (3.98 per cent), JSW Steel (2.70 per cent), and ONGC (2.46 per cent).  

Foreign portfolio investors (FPIs) sold shares worth Rs 1,637.69 crore on July 28 while domestic institutional investors (DIIs) bought shares worth Rs 600.29 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: