Watch out for these penny stocks that are locked in the upper circuit on June 05

On basis of bullish developments in global markets, Indian equity indices are in the green on Monday.

Indian equities surged on Monday, matching advances in the broader Asian market, as mixed U.S. employment data boosted views that the Federal Reserve will postpone an interest rate hike later this month. On Monday, most Asian stocks extended a global surge on expectations that the Fed will pause rate hikes this month, following data showing that while the US economy gained 339,000 jobs last month, pay growth slowed and the unemployment rate climbed.

As of 10:55 am, the BSE Sensex is trading at 62,862 levels, seeing a gain of 314 points. The S&P BSE Mid-Cap increased by 81 points and is trading at a level of 27,375 points. The Small-Cap index also jumped by 194 points and is trading at a level of 31,079. The NSE index NIFTY50 gained slightly by 81 points and is trading at a level of 18,615. The Bank Nifty similarly scaled up by 240 points to a level of 44,178.

On June 02, foreign portfolio investors sold securities worth Rs 658.88 crores, and domestic institutional investors (DIIs) were the net buyers of shares worth Rs 581.85 crores.

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