Watch out for these penny stocks locked in the upper circuit on April 27

Concerns about growing inflation, interest rate hikes, and potential damage to global economic development weighed heavily on Indian markets.

Concerns about growing inflation, interest rate hikes, and potential damage to global economic development weighed heavily on Indian markets, which opened on a downbeat note. In the intraday trading today, Reliance Industries climbed 1.14 per cent, setting a new intraday high of Rs 2,827.10. The company's market valuation has reached Rs 19 lakh crore. Mahindra Logistics increased 10 per cent to Rs 523. Wipro is set to pay $540 million for consulting business ‘Rizing’. The stock of Lasa Supergenerics received a fresh order worth 50 crore rupees, resulting in a nearly 3 per cent increase in the share price.  

S&P BSE Sensex plunged by 535 points or 0.93 per cent to 56,820.94 at 11.45 am. S&P BSE Midcap index also dropped by 1.17 per cent and trades at 24,342.46 levels. Similarly, S&P BSE Smallcap index slipped 348 points or 1.20 per cent and trades at 28,570.10 levels. Sensex Top Gainers include Reliance Industries (1.42 per cent), Kotak Mahindra Bank (0.06 per cent). 

Nifty 50 index was trading at 17,025.35, plummeting 175 points, or falling 1.02 per cent. The top gainers on Nifty 50 are Reliance Industries (1.45 per cent), Hero MotoCorp (0.57 per cent), and Bajaj Auto (0.20 per cent).  

The foreign portfolio investors (FPIs) sold shares worth Rs 1,174.05 crore on April 26 while domestic institutional investors (DIIs) bought shares worth Rs 1,643.84 crore.  

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