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

Monday’s trading session began on a pleasant note with Sensex touching the 53,000 level and Nifty 50 crossing the 15,900 mark.

Monday’s trading session began on a pleasant note with Sensex touching the 53,000 level and Nifty 50 crossing the 15,900 mark. Global yields, economic outlook, April WPI inflation data, and the ongoing corporate earnings of big businesses may all influence investors’ interest in Indian equities. Banking, financials, realty, telecom, auto, and metal sectors attained more than 1.5 per cent each, indicating widespread buying.   

S&P BSE Sensex soared 461 points to 53,254.76 at 10.35 am. S&P BSE Midcap index also mounted up by 270 points and trades at 22,085.98 levels. S&P BSE Smallcap moved up by 228 points and trades at 25,536.93 levels. Sensex Top Gainers include Tata Steel (3.04 per cent), State Bank of India (2.86 per cent), Maruti Suzuki (2.53 per cent), Induslnd India (2.53 per cent), and Bajaj Finance (2.37 per cent).   

Nifty 50 index increased by 141 points and is trading at 15,923.25 levels. Bank Nifty also swelled by 578 points at a level of 33,700.00. The top gainers on Nifty 50 are Eicher Motors (5.48 per cent), JSW Steel (3.14 per cent), Tata Steel (2.96 per cent), State Bank of India (2.96 per cent), and Maruti Suzuki (2.59 per cent).  

Foreign portfolio investors (FPIs) sold shares worth Rs 3,780.08 crore on May 13 while the domestic institutional investors (DIIs) bought shares worth Rs 3,169.62 crore.   

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