Watch out for these penny stocks locked in the upper circuit on March 31

Indian markets pulled back from their previous sharp rally and opened on a flat note today amid weak global cues.

NASDAQ too fell on Wednesday by almost 1.2 per cent. Besides, Brent crude is trading at $ 110 per barrel.  

Meanwhile, as per Emkay Global, Nifty 50 may hit the 19,000-mark by 2023. This week some of the Indo-Russian transaction platforms may be operational. Energy bills may spike as the price of imported coal has increased by over 20 per cent. The buyers outnumbered sellers to show positivity in the market. On BSE, 1,820 shares rose while 1,309 shares fell. The FII bought shares worth Rs 1,357.47 crore and the DII bought shares worth Rs 1,216 crore on March 30.  

BSE Sensex gained 49 points and is trading at the level of 58,733.38. Also, BSE MidCap has developed 121 points and is trading at 24,158.93 levels. BSE SmallCap index has likewise ascended 167 points and trades at the level of 28,296.76. The gaining stocks on BSE Sensex are Hindustan Unilever (1.13 per cent), Bajaj Finance (1.31 per cent), Axis Bank (1.02 per cent), Mahindra & Mahindra (2.12 per cent), and HDFC (0.88 per cent).    

Nifty 50 index is slightly up by 9 points and is trading at 17,507.00 levels. Bank Nifty too climbed merely 136 points and trades at 36,470.20 levels. The major contributors to Nifty 50 are Mahindra & Mahindra (2.10 per cent), JSW Steel (1.67 per cent), Britannia (1.38 per cent), Bajaj Finance (1.35 Per cent), and Adani Ports (1.19 Per cent).   

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