Watch out for these penny stocks locked in the upper circuit on May 15

Indices trade flat; real estate and PSU banks gain, while the HDFC twins are the biggest losers.

Indian equity benchmarks Nifty 50 and Sensex started Tuesday's session with volatility with bearish mood. India's merchandise trade deficit dropped dramatically to USD 15.24 billion. The April trade deficit was the smallest since August 2021, owing mostly to significant drops in both imports and exports ascribed to deteriorating global demand, which was led by persistently high inflation rates and higher borrowing costs.  

As of 10:30 am, the BSE Sensex is trading at 62,282 levels, losing 63 points. While the S&P BSE Mid-Cap jumped by 231 points and is trading at a level of 26,556 points up by 231 points. The Small-Cap index also is trading higher at a level of 29,930 soaring 169 points. The NSE index NIFTY50 slipped by 12 points at a level of 18,286. The Bank Nifty trades near weekly high of a level of 44,055 level but is in red down by 17 points. 

On May 15, the foreign portfolio investors bought securities worth of Rs 1,685.29 crores and the domestic institutional investors (DIIs) were the net buyer of shares worth 191.20 crores.  

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Following is the list of Penny Stocks that got locked in the upper circuit on Tuesday. Keep a close eye on these counters for the upcoming sessions: