Watch out for these penny stocks locked in the upper circuit on July 11

BSE Sensex opened in the red territory with a marginal loss of 273 points and is at a level of 54,207 at 11.03 am.

The domestic benchmark equities traded slightly lower in the early session. After increasing over the previous three sessions, the IT stock prices witnessed profit booking. As investors worried about interest rate hikes and their potential effects on global economic development, Indian markets opened this week's trading session on a negative note, following weak global indications.  

BSE Sensex opened in the red territory with a marginal loss of 273 points and is at a level of 54,207 at 11.03 am. BSE Midcap index, on the other hand, gained 14 points and is trading at 22,670 levels. Likewise, BSE Smallcap jumped 139 points and trades at 25,780 levels. Sensex Top Gainers include Dr Reddy’s Laboratories (3.33 per cent), Mahindra & Mahindra (2.63 per cent), ICICI Bank (1.05 per cent), Induslnd Bank (1.04 per cent), and Titan (1.03 per cent).   

Nifty index has slipped 68 points and trades at 16,152 levels. On the contrary, Bank Nifty saw a surge of 167 points to trade at 35,291 levels. The top gaining indices on Nifty are banks, pharma, PSU banks, and healthcare. Besides, information technology plunged by 3.13 per cent and media tumbled marginally by 0.26 per cent.  

Foreign portfolio investors (FPIs) sold shares worth Rs 109.31 crore on July 8 while the domestic institutional investors (DIIs) bought shares worth Rs 34.61 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: