Watch out for these penny stocks locked in the upper circuit on January 04

While awaiting the minutes from the Federal Reserve's December meeting, investors are worried about the trajectory of increase in interest rate.

After a weak opening on Wednesday, the Indian stock markets extended their losses. While awaiting the minutes from the Federal Reserve's December meeting, investors are worried about the trajectory of increase in interest rate. 

The S&P BSE Sensex dropped by 598 points at 12:33 IST, the barometer index and is currently trading at a level of 60,695. Likewise, the S&P BSE Mid-Cap has slipped 260 points and is now trading at a level of 25,253. The Small-Cap index is currently trading at 28,972 levels and is trading in the green, up 250 points. 

The Nifty 50 index is currently trading at 18,053 levels, up just 179 points. The Bank Nifty has also gained 461 points and is currently trading at a level of 42,964. 

On January 03, the foreign portfolio investors (FPIs) turned out to be the net sellers 628.07 crore, while the domestic institutional investors (DIIs) were the net buyers of shares worth 350.57 crore. 

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