Watch out for these penny stocks locked in the upper circuit on May 18

Indices are off their day's highs, with the Nifty trading above 18,200; RIL and HDFC Bank are positive contributors.

Indian benchmark indices are trading in green following the positive global trends. Stocks in focus today are Jindal steel, Tata Honeywell, Bajaj finance and Axis bank. For the previous 15 sessions, FIIs have been net buyers, the longest such streak since December 2020, purchasing nearly 22,600 crore rupees ($2.76 billion) in shares. 

As of 11:10 am, the BSE Sensex is trading at 61,795 levels, gaining 235 points. Meanwhile the S&P BSE Mid-Cap also surged by 62 points and is trading at a level of 26,392 points. The Small-Cap index too, jumped by 150 and is trading at a level of 30,025. The NSE index NIFTY50 soared by 70 points at a level of 18,251. The Bank Nifty zoomed by 341 points to a level of 44,040 level. 

On May 17, the foreign portfolio investors bought securities worth of Rs 149.33 crore and the domestic institutional investors (DIIs) were the net sellers of shares worth 203.87 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: