Watch out for these penny stocks locked in the upper circuit on May 12

In early trade, the benchmark indices managed to recoup some of their losses and edged higher.

On Friday, Indian equities fell, led by metal and information technology firms, following macroeconomic data from the United States and China raised concerns about global growth ahead of domestic retail inflation data. Weak macro data from China, the world's largest producer and user of metals, triggered the worries. Fears of a recession in the United States and Europe, where they generate the majority of their revenue, slowed the growth of information technology corporations. 

As of 10:45 am, the BSE Sensex is trading at 62,820 levels, losing 83 points. While the S&P BSE Mid-Cap index is currently trading flat in green, at a level of 26,289 points up by 2 points. The Small-Cap index is also trading higher at a level of 29,686, gaining 45 points. The NSE index NIFTY50 is witnessing recovery from morning losses but is in red, down by 28 points at a level of 18,269. The Bank Nifty is trading higher at a level of 43,534, increasing by 59 points. 

On May 11, the foreign portfolio investors bought securities worth of Rs 837.21 crore and the domestic institutional investors (DIIs) were the net sellers of shares worth 200.09 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: