Watch out for these penny stocks locked in the upper circuit on May 2

In the mid-morning trade, the benchmark indices traded in a narrow range with losses.

In the mid-morning trade, the benchmark indices traded in a narrow range with losses. Except for Nifty Realty index, all of NSE's sectoral indices were in the red. Other companies set to announce their results today include Adani Wilmar, Jindal Stainless, INOX Leisure, IDBI Bank, Castrol India, Mahindra Holidays & Resorts, Mahindra & Mahindra Financial Services, Dwarikesh Sugar, CG Power, Alembic Pharmaceuticals, and Saregama India.  

S&P BSE Sensex dropped 327 points to 56,733.56 at 11.50 am. S&P BSE Midcap index also plunged 218 points and trades at 24,199.35 levels. Similarly, the S&P BSE Smallcap index plummeted 289 points and trades at 28,312.60 levels. Sensex Top Gainers are Induslnd Bank (2.92 per cent), NPTC (1.79 per cent), HDFC (1.33 per cent), Power Grid Corporation of India (1.23 per cent), and UltraTech Cement (0.77 per cent).  

Nifty 50 index slashed by 96 points and is trading at 17,006.70 levels. Bank Nifty also dipped 188 points and stood at the 35,899.70 level. The top gainers on the Nifty 50 are Induslnd Bank (3.05 per cent), Coal India (1.48 per cent), HDFC (1.23 per cent), Power Grid Corporation of India (1.21 per cent), and UPL (1.03 per cent).  

On April 29, both foreign portfolio investors (FPIs), as well as domestic institutional investors (DIIs), bought shares worth Rs 3,648.30 crore and Rs 3,490.30 crore, respectively. 

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: