Watch out for these penny stocks locked in the upper circuit on March 06

A decline in oil prices is seen as some optimism over a comeback in petroleum demand this year was reduced by China's weaker-than-expected GDP estimate.

The Sensex and Nifty50 indices of Indian equities opened higher on Monday, following gains in other significant markets around the world. Also, today a decline in oil prices is seen as some optimism over a comeback in petroleum demand this year was reduced by China's weaker-than-expected GDP estimate. 

At 10:53 am, the benchmark BSE Sensex is trading at 60,477 levels with noteworthy increases of 668 points. The S&P BSE Mid-Cap also climbed by 252 points and is currently trading at a level of 24,848. Similarly, the Small-Cap index rose by 317 points to trade at a level of 28,163. 

The broader NSE index NIFTY50 jumped by 193 points, to 17,787 levels, while, the Bank Nifty is currently trading at a level of 41,589 soaring up by 337 points. 

On March 03, the foreign portfolio investors (FPIs) turned out to be the net buyers of shares worth Rs 246.24 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 2,089.92 crore. On account of Holi, the Indian stock exchanges will be closed on Tuesday, March 7. 

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