Watch out for these penny stocks locked in the upper circuit on November 23

Bank Nifty reaching yet another all-time high and setting the stage for significant developments.

The major equity indices started the day off well on Wednesday, with Bank Nifty reaching yet another all-time high and setting the stage for significant developments. While IT, FMCG and metal stocks fell, media, PSU banks and bank stocks rose. Sadbhav Engineering soared by nearly 15 per cent after a spurt in trading volume was witnessed. 

At 10:51 IST, the barometer index, the S&P BSE Sensex climbed by 87 points at a level of 61,506.52 level. In the broader market, S&P BSE Mid-Cap similarly have increased but by a small margin of 55 points and is at a level of 25,272.47. Likewise, the Small-Cap index jumped by 139 points and is trading at 28,862.41 level. 

The Nifty 50 index has also jumped by 23 points and is trading at 18,267.85 level. The Bank Nifty, likewise saw a decline of 214 points, trading at 42,671.25 level. Top Gainers on the nifty were Apollo Hospitals, HDFC life insurance, State Bank of India, Cipla and Kotak Mahindra Bank. 

On November 22, foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 697.83 crore and the domestic institutional investors (DIIs) turned out to be net buyers of shares worth 636.39 crore. 

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