Watch out for these penny stocks that are locked in the upper circuit on May 31

On May 31, Indian indices opened on a lower note due to heavy selling in index pivotals at the bourses.

On the Nifty, notable gainers included HDFC Life, HCL Technologies, Sun Pharma, Tata Motors, and Eicher Motors, while notable losers included SBI, Hindalco, Coal India, Adani Enterprises, and JSW Steel. Investor confidence suffered as poor economic data from China raised new worries about slow demand and a sluggish rebound in the world's second-largest economy.

As of 10:30 am, the BSE Sensex is trading at 62,630 levels, seeing a decline of 338 points. The S&P BSE Mid-Cap increased by 37 points and is trading at a level of 26,992 points. The Small-Cap index also jumped by 73 points and is trading at a level of 30,392. The NSE index NIFTY50 dropped by 89 points and is trading at a level of 18,544. The Bank Nifty likewise plunged by 356 points to a level of 44,079. On May 30, foreign portfolio investors bought securities worth Rs 853.57 crores, and domestic institutional investors (DIIs) were also net buyers of shares worth Rs 1,758.16 crores.

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