Watch out for these penny stocks locked in the upper circuit on May 11

The frontline indices are trading flat whereas the broader markets are rallying.

On Wednesday, Sebi permitted stock exchanges to offer foreign portfolio investors (FPIs) direct market access for the purpose of participating in exchange-traded commodity derivatives (ETCDs). The new provision would take effect immediately. 

As of 10:35 am, the BSE Sensex is trading at 62,015 levels, gaining by 75 points. While the S&P BSE Mid-Cap index similarly zoomed and trading at a level of 26,331 points up by 140 points. The Small-Cap index also is trading higher at a level of 29,672 jumping 232 points. The NSE index NIFTY50 is moving higher up by 23 points at a level of 18,338. The Bank Nifty trades near weekly high of a level of 43,609, increasing by 278 points. 

On May 10, the foreign portfolio investors bought securities worth of Rs 1,833.13 crore and the domestic institutional investors (DIIs) were the net sellers of shares worth Rs 789.67 crore.  

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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: