Watch out for these penny stocks locked in the upper circuit on January 16

Sectoral indices exhibit volatility, with selling pressure experienced by investors in the metals, IT and auto sectors.

Sensex and Nifty50, the benchmarks for Indian equities, increased significantly due to relatively bullish market movements globally. Sectoral indices exhibit volatility, with selling pressure experienced by investors in the metals, IT and auto sectors. Bank, financial services, pharmaceutical and PSU bank indexes, however, all saw increase in trading. 

The barometer index, the S&P BSE Sensex, trades with volatility in green, up by 9 points at 11:46 IST and is currently trading at a level of 60,270. The S&P BSE Mid-Cap has also climbed by 12 points, trading at a level of 25,183 at the moment. The Small-Cap index similarly gained by 55 points, trading at 28,913 level. 

The Nifty 50 index also witnessed a drop of 19 points, trading at 17,936 level. On the other hand, the Bank Nifty is currently trading at a level of 42,394 with a slight gain of 22 points. 

On January 13, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth 2,422.39 crore, while the domestic institutional investors (DIIs) were the net buyers of shares worth 1,953.40 crore. 

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: