Watch out for these penny stocks locked in the upper circuit on March 28

Asian markets were trading in red on Monday as coronavirus cases increased and lockdown in Shanghai looked set to hit global activity.

Oil prices rebounded on the back of reports of a missile strike on a Saudi Aramco facility. BSE Finance and BSE Consumer Durables are the worst-hit sectors today. The only sectors trading in green are BSE Energy and Oil & Gas. The sellers outnumbered buyers to show pessimism in the market. On the BSE, 1,002 shares rose and 2,345 shares fell. A total of 132 shares were unchanged. The FII sold shares worth Rs 1,507.37 crore and the DII bought shares worth Rs 1,373.02 crore on March 25. 

The BSE Sensex following global cues plummeted by 429 points and is trading at a level of 56,932.32. The BSE Midcap declined by 243 points and is trading at 23,546.34 levels, while Smallcap index has similarly dropped 243 points and trades at a level of 27,556.63. The gaining stocks on BSE Sensex are ITC (0.65 per cent), Bharti Airtel (0.47 per cent), ICICI Bank (0.41 per cent), Maruti Suzuki (0.38 per cent), and Reliance Industries (0.08 per cent).   

Likewise, the Nifty 50 index plunged by 129 points and is trading at 17,023.55 levels. Bank Nifty has slipped by 281 points and trades at 35,128.50 levels. The major contributors of Nifty 50 are Bajaj Auto (1.21 per cent), Hindalco Industries (0.69 per cent), ITC (0.65 per cent), Eicher Motors (0.59 per cent), and JSW Steel (0.55 per cent). 

Following is the list of penny stocks locked in the upper circuit on Monday. Keep a close eye on these counters for the upcoming sessions.