Watch out for these penny stocks locked in the upper circuit on May 02

The high-weighted financials and information technology companies rose by 0.5 per cent and 1 per cent, respectively, driving up 12 of the 13 key sectoral indices.

On Tuesday, Indian shares rose, buoyed by broad-based advances across sectors led by March-quarter profits. The high-weighted financials and information technology companies rose by 0.5 per cent and 1 per cent, respectively, driving up 12 of the 13 key sectoral indices. April was the greatest month for the benchmark Nifty 50 index since November 2022, with a gain of more than 4 per cent. The index, which increased by 2.5 per cent last week, entered overbought territory on Friday for the first time in almost five months.

As of 10:15 am, the BSE Sensex is trading at 61,481 levels, zooming 368 points. While the S&P BSE Mid-Cap index is trading at a level of 25,669 points rising by 177 points. The Small-Cap index is trading higher at currently level of 29,136 climbing 219 points. The NSE index NIFTY50 trading higher similarly gaining 108 points at a level of 18,173. The Bank Nifty likewise surged by 183 points and is currently trading at a level of 43,417 level.

On April 28, the foreign portfolio investors bought securities worth of Rs 3,304.32 crores and the domestic institutional investors (DIIs) were also the net buyers of shares worth 264.27 crores. 

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