Watch out for these penny stocks locked in the upper circuit on March 08

As Fed Chair Jerome Powell stated during his appearance before Congress that the US central bank is likely to hike interest rates more than previously anticipated.

As investors resumed trading after the Holi holiday, the Indian market indices, Sensex and Nifty50 dipped on Wednesday. As Fed Chair Jerome Powell stated during his appearance before Congress that the US central bank is likely to hike interest rates more than previously anticipated, the Indian stock market experienced negative cues from the global markets.

At 10:43 am, the benchmark BSE Sensex is trading at 60,159 levels with marginal loss of 65 points. The S&P BSE Mid-Cap is trading flat, in green, up by 1 point and is currently trading at a level of 24,848, whereas, the Small-Cap index rose by 10 points to trade at a level of 28,106 points.

The broader NSE index NIFTY50 slipped by mere 18 points, to 17,693 levels, while, the Bank Nifty is currently trading at a level of 41,223 falling by 126 points.

On March 06, the foreign portfolio investors (FPIs) turned out to be the net buyers of shares worth Rs 721.37 crore and the domestic institutional investors (DIIs) turned out to be the net buyers of shares worth 757.23 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: