Watch out for these penny stocks locked in the upper circuit on December 05

The domestic equities barometers experienced some losses during trading, which indicates weak global cues.

The domestic equities barometers experienced some losses during trading, which indicates weak global cues. On Monday, the price of oil increased as China's tough Covid regulations began to loosen, OPEC maintained its output level, and the US Fed continued on its course of rate hikes to tackle the country's rising inflation.

At 10:55 IST, the barometer index, the S&P BSE Sensex faced a decline of 258 points and is trading at a level of 62,610 level. In the broader market, S&P BSE Mid-Cap also slipped marginally by 13 points and is at a level of 26,307. Whereas, the Small-Cap index scaled up by 139 points and trades at 30,051 levels.

The Nifty 50 index is currently trading at 18,617 level after declining 78 points and falling into negative territory. The Bank Nifty dropped by a very small margin of 9 points as well, trading at 43,094 levels.

On December 02, foreign portfolio investors (FPIs) and the domestic institutional investors (DIIs) turned out to be net buyers of shares worth 214.76 crores and 712.34 crores respectively.

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