Watch out for these penny stocks locked in the upper circuit on March 23

The US treasury secretary's announcement that not all banking deposits would be insured contributed to the market's downward trend.

On Thursday, Indian stocks experienced a decline, driven by IT stocks, in response to the Federal Reserve's continued efforts to combat inflation, despite signalling a potential pause in interest rate hikes. Additionally, the US treasury secretary's announcement that not all banking deposits would be insured contributed to the market's downward trend. 

As of 10:36 am, the BSE Sensex, is trading at 58,264 levels, showing a slight increase of 49 points. The S&P BSE Mid-Cap index conversely experienced a loss of 24 points and is currently trading at 24,017 points. The Small-Cap index has appreciated by 60 points and is currently trading at a level of 27,241 points. 

The NSE index NIFTY50 jumped by 17 points, to 17,168 levels, while, the Bank Nifty is currently trading at a level of 40,112, soaring by 113 points. 

On March 22, the foreign portfolio investors (FPIs) turned out the net sellers of shares worth Rs 61.72 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth Rs 383.51 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: