Watch out for these penny stocks locked in the upper circuit on March 01

The GDP reading that showed India's economic growth slowed sequentially to 4.4 per cent in October-December 2022.

On Wednesday, the benchmark indices for Indian equities, the Sensex and Nifty50, began the day with gains, defying weakness on other international stock markets due to concerns over further aggressive interest rate hikes. The GDP reading that showed India's economic growth slowed sequentially to 4.4 per cent in October-December 2022. Although it was in line with the RBI's projection, the GDP reading for the nation was weaker than economists had predicted. 

At 11:11 am, the benchmark BSE Sensex is trading with respectable gains of 382 points, to 59,344 levels. The S&P BSE Mid-Cap similarly moved upwards by 236 points and is at a level of 24,394 levels, whereas, the Small-Cap index, rose by 308 points, trading at 27,649 level.  

The broader NSE index NIFTY soared by 108 points, to 17,412 levels while, the Bank Nifty is currently trading at a level of 40,572, zoomed up by 303 points. 

On February 28, the foreign portfolio investors (FPIs) turned out to be net sellers of shares worth Rs 4,559.21 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 4,609.87 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: