Watch out for these penny stocks locked in the upper circuit on March 16

Metal, PSU banks and IT shares fell, companies in the pharmaceutical, healthcare and consumer durable sectors all moved up.

The domestic equities benchmarks were trading with decent losses and fell in tandem going on in global markets. While metal, PSU banks and IT shares fell, companies in the pharmaceutical, healthcare and consumer durable sectors all moved up. Credit Suisse said that it will use a covered loan facility and a short-term liquidity facility to borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank. 

At 09:55 am, the benchmark BSE Sensex is trading at 57,168 levels with a noticeable loss of 387 points. The S&P BSE Mid-Cap has also plunged by 307 points and is currently trading at a level of 23,749 points. Similarly, the Small-Cap index soared by 453 points to trade at a level of 26,715 points. 

While the broader NSE index NIFTY50 plunged by 107 points, to 16,864 levels, the Bank Nifty is currently trading at a level of 38,706, zooming by 344 points. 

On March 15, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 1,271.25 crore and the domestic institutional investors (DIIs) turned out to be the net buyers of shares worth 1,823.94 crore. 

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