Watch out for these penny stocks locked in the upper circuit on October 07

In the morning session, the major equity indices traded with slight losses.

In the morning session, the major equity indices traded with slight losses. Sentiment was negatively influenced by global cues. Indian Hume Pipe Company increased by 9.98%. A letter of acceptance (LOA) for Rs 194.03 crore from the Jal Jeevan Mission Project in Maharashtra was given to the corporation. 

At 10:39 a.m., the Sensex has dropped 226 points, trading at a level of 57,996 points. In addition, the BSE Midcap slipped by 155 points and is currently trading at a level of 25,268. Also, the BSE Smallcap index is trading in red, down by one point at a level of 29,093. 

The Nifty 50 index has similarly fallen by 87 points and is currently trading at a level of 17,274. The Bank Nifty, following the trend, fell over by 368 points and is currently trading at 38,914. 

On October 06, foreign portfolio investors (FPIs) were net buyers of shares worth Rs 279.01 crores. Whereas, domestic institutional investors (DIIs) also turned out to be net sellers of shares worth Rs 43.92 crore. 

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: