Watch out for these penny stocks locked in the upper circuit on March 22

The global focus is on the decision of the US policymakers led by Fed Chair Jerome Powell, regarding the key interest rate, which will be announced at 11:30 pm India time.

The Indian stock markets Nifty 50 and Sensex indices experienced slight increase on Wednesday's trading session. This comes after a strong trading session on Tuesday, where the market nearly regained the losses from the previous day. The global focus is on the decision of the US policymakers led by Fed Chair Jerome Powell, regarding the key interest rate, which will be announced at 11:30 pm India time. 

As of 10:56 am, the BSE Sensex, is trading at 58,169 levels, showing a slight increase of 94 points. The S&P BSE Mid-Cap index has also experienced a gain of 88 points and is currently trading at 24,087 points. The Small-Cap index has similarly risen by 178 points and is currently trading at a level of 27,212 points. 

The NSE index NIFTY50 jumped by 31 points, to 17,138 levels, while, the Bank Nifty is currently trading at a level of 39,952, soaring by 57 points. 

On March 21, the foreign portfolio investors (FPIs) turned out the net sellers of shares worth Rs 1,454.63 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 1,946.06 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: