Watch out for these penny stocks locked in the upper circuit on April 10

The Nifty and Sensex have increased by almost 4 per cent over the last five sessions, with 10 out of 13 major sectoral indexes advancing.

On Monday, Indian shares made gains thanks to strong quarterly business updates in the auto and realty sectors, but these gains were limited due to increased chances of a US Federal Reserve rate hike in May.

The Nifty and Sensex have increased by almost 4 per cent over the last five sessions, with 10 out of 13 major sectoral indexes advancing. Auto stocks rose by over 1 per cent, with Tata Motors leading the way with an 8 per cent surge after reporting increased sales in Q4 due to chip supply recovery. Realty stocks also saw a rise of over 2 per cent, with Sobha reporting record-high quarterly sales of Rs 14.63 billion ( USD 178.8 million).

Investors are now waiting for corporate earnings for the quarter that ended in March, which is set to begin this week. As of 10:50 am, the BSE Sensex is trading at 59,877 levels, up by 44 points, while the S&P BSE Mid-Cap index has gained 64 points at a level of 24,415 points. The Small-Cap index has surged by 41 points and is currently trading at a level of 27,766 points. The NSE index NIFTY50 also rose by 24 points to 17,624 levels, but the Bank Nifty fell by 134 points and is currently trading at a level of 40,906.

On April 06, the foreign portfolio investors sold securities worth Rs 475.81 crore and the domestic institutional investors (DIIs) were the net buyers of shares worth Rs 997.08 crore. 

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