Watch out for these penny stocks locked in the upper circuit on May 05

The HDFC twins dragged the market down, adding to the recession fear on the wall street after the fed rate rise.

While the benchmark BSE Sensex and Nifty 50 fell on Friday, amid frantic selling in frontline bluechip counters, a number of stocks experienced declines of more than 5 per cent. The HDFC twins dragged the market down, adding to the recession fear on the wall street after the fed rate rise.

As of 11:35 am, the BSE Sensex is trading at 61,300 levels, dropping by 448 points. While the S&P BSE Mid-Cap index similarly down and trading at a level of 25,939 points, falling by 42 points. The Small-Cap index also is trading lower at a level of 29,315, plunging 83 points. The NSE index NIFTY50 fell by 120 points and is trading at a level of 18,135. The Bank Nifty likewise tumbled by 433 points and is currently trading at a level of 43,252. 

On May 04, the foreign portfolio investors bought securities worth of Rs 1,414.73 crore and the domestic institutional investors (DIIs) also were the net buyers of shares worth 441.56 crore.

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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: