Watch out for these penny stocks locked in the upper circuit on May 6

At the time of today’s trading bell, Indian markets took a tremendous drop, spurred by a broad-based sell-off across the sectoral indices.

Watch out for these Penny Stocks locked in the upper circuit on May 6   

At the time of today’s trading bell, Indian markets took a tremendous drop, spurred by a broad-based sell-off across the sectoral indices. IT, metal, and real estate equities took the biggest hits, losing 2 per cent each. The stock of Hindustan Foods climbed 4.55 per cent to Rs 1,865.80. On May 20, 2022, according to the corporation, the board of directors of Hindustan Foods will discuss a stock split. Meanwhile, the stock of Blue Dart Express increased 1.28 per cent to Rs 6,915.55. The company's overall net profit increased by 52.2 per cent to Rs 13 crore 67 lakh. 

S&P BSE Sensex nosedived by 1,032 points to 54,669.03 at 11.15 am. S&P BSE Midcap index also plunged 562 points and is currently trading at 23,052.46 levels. S&P BSE Smallcap tumbled 683 points and trades at 26,990.87 levels. Sensex Top Gainers include ITC (1.16 per cent), NTPC (0.44 per cent), Bharti Airtel (0.18 per cent), and Mahindra & Mahindra (0.04 per cent).   

Nifty 50 index dropped sharply by 314 points and is trading at 16,368.50 levels. Bank Nifty also saw a huge decline of 784 points at a level of 34,448.40. The top gainers on Nifty 50 are ITC (1.16 per cent), Hero MotoCorp (0.85 per cent), NTPC (0.25 per cent), Power Grid Corporation of India (0.02 per cent), and Bharti Airtel (0.01 per cent).   

Foreign portfolio investors (FPIs) sold shares worth Rs 2,074.74 crore on May 5 while the domestic institutional investors (DIIs) bought shares worth Rs 2,229.31 crore.   

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