Watch out for these penny stocks locked in the upper circuit on April 06

Ten of the thirteen major sectoral indices went up, with the financials, in particular, increasing by 0.3 per cent, while the public sector banks surged by 1.5 per cent after the policy announcement, with all constituents gaining.

On Thursday, Indian stocks initially declined but later rebounded after the Reserve Bank of India chose to maintain its key policy rates unchanged in order to evaluate the progress made in controlling inflation. Although there was an expectation from the RBI to increase rates by 25 basis points, bringing the repo rate to a seven-year high of 6.75 per cent and then keep it on hold for the remainder of the year, the RBI did not take that step. Ten of the thirteen major sectoral indices went up, with the financials, in particular, increasing by 0.3 per cent, while the public sector banks surged by 1.5 per cent after the policy announcement, with all constituents gaining. 

As of 10:55 am, the BSE Sensex is trading at 59,852 levels, seeing a jump of 163 points. The S&P BSE Mid-Cap index is trading with decent gains of 112 points at a level of 24,291 points. The Small-Cap index has soared by 144 points and is currently trading at a level of 27,676 points. The NSE index NIFTY50 too jumped by 39 points, to 17,596 levels while the Bank Nifty is currently trading at a level of 41,197, up by 198 points. 

On April 05, the foreign portfolio investors sold securities worth of Rs 947.21 crore and the domestic institutional investors (DIIs) were the net buyers of shares worth Rs 806.82 crore.  

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: