Watch out for these penny stocks locked in the upper circuit on March 10

Fears of recession resurfaced among investors globally, amid persistent concerns about higher-for-longer interest rates.

Indian equity benchmarks Sensex and Nifty 50 suffered sharp losses after a gap-down opening, mirroring the moves across global markets, following an overnight crash on Wall Street, where the Dow Jones hit a four-month low dragged by banking stocks. Fears of recession resurfaced among investors globally, amid persistent concerns about higher-for-longer interest rates. 

At 10:27 am, the benchmark BSE Sensex is trading at 59,110 levels with noticeable loss of 695 points. The S&P BSE Mid-Cap is trading flat in red, down by 210 points and is currently trading at a level of 24,578, whereas, the Small-Cap index plunged by 140 points to trade at a level of 27,977 points. 

The broader NSE index NIFTY50 fell by 179 points, to 17,410 levels while, the Bank Nifty is currently trading at a level of 40,598, falling by 665 points. 

On March 09, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 561.78 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 42.41 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: