Watch out for these penny stocks locked in the upper circuit on August 4

In the morning session, the domestic equity benchmarks pared losses.

In the morning session, the domestic equity benchmarks pared losses. IT shares increased their advances for the second straight trading session. On August 5, Monetary Policy Committee is expected to make its conclusion public. Market sentiment is reportedly split between a 35 bps hike and a 50 bps hike. 

At 11.48 am, the barometer index S&P BSE Sensex dropped 680 points to trade at 57,772 levels. In the broader market, S&P BSE Midcap index trades at 24,115, zooming 272 points. While S&P BSE Smallcap index too jumped 242 points to trade at 27,229 levels. The healthcare and information technology sectors are the only ones that are trading in green. On the other hand, realty, power, telecom, and bankex have tanked more than a per cent each. 

Nifty index trades at 17,213 levels, falling by 174 points. Likewise, Bank Nifty plunged 608 points to trade at 37,718 levels. The Top Gainers are Hindalco Industries (1.77 per cent), JSW Steel (1.55 per cent), Nestle India (1.40 per cent), Cipla (1.35 per cent), and Infosys (0.85 per cent). 

Foreign portfolio investors (FPIs) bought shares worth Rs 765.17 crore on August 3 while domestic institutional investors (DIIs) sold shares worth Rs 518.42 crore.   

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