Watch out for these penny stocks locked in the upper circuit on September 30

Following the rate-hike announcement, the benchmark indices responded positively.

Following the rate-hike announcement, the benchmark indices responded positively. Today, on September 30, RBI Governor Shaktikanta Das announced that the MPC voted majority to increase repo rate by 50 bps to 5.9 per cent. Majority of the sectors are in red except for the financial services, telecommunication and bankex, which are slightly up.

The Sensex at 10:28 a.m. is trading in green, up by 172 points to trade at a level of 56,614. BSE Midcap on the contrary has fallen by 62 points and is now trading at a level of 24,450. Whereas, BSE Smallcap index is currently trading at a level of 28,050 levels, showing an increase of merely 3 points.

The Nifty 50 index too, has gained marginally by 47 points and is currently trading at a level of 16,865s. The Bank Nifty following the trend improved by 308 points and is currently trading at 38,041.

On September 29, foreign portfolio investors (FPIs), were sellers of shares worth Rs 3,599.42 crores. Whereas, domestic institutional investors (DIIs), turned out to be net buyers of shares worth Rs 3,161.73 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: