Watch out for these penny stocks locked in the upper circuit on Aug 5

The repo rate was raised to 5.40 per cent by 50 basis points. The main indices traded with slight increases during the morning session.

RBI Governor announced a rate increase for the third time in a row during Friday's MPC meeting in order to tame the inflationary pressure.  

The repo rate was raised to 5.40 per cent by 50 basis points. The main indices traded with slight increases during the morning session. After falling in the previous two sessions, bank stocks witnessed buying.  

At 10.39 am, the barometer index S&P BSE Sensex jumped 225 points to trade at 58,524 levels. In the broader market, S&P BSE Midcap index trades at 24,557, gaining only 98 points. While S&P BSE Smallcap index too scaled up by 163 points to trade at 27,704 levels. Finance, information technology, Bankex, and telecom were the Top Gainers today. On the other hand, oil & gas, energy, auto, and utilities were marginally down. The shares of Tinna rubber and infrastructure rocketed by almost 19 per cent reaching Rs 444.75 per share in today's trading session.

Nifty index trades at 17,434 levels, climbing 52 points. Likewise, Bank Nifty surged 225 points to trade at 37,980 levels. The top gainers include UltraTech Cement (2.44 per cent), Bharti Airtel (1.74 per cent), ICICI Bank (1.66 per cent), Grasim Industries (1.64 per cent), and Wipro (1.31 per cent).  

Foreign portfolio investors (FPIs) bought shares worth Rs 1,474.77 crore on August 4 while domestic institutional investors (DIIs) sold shares worth Rs 46.79 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: