Watch out for these penny stocks locked in the upper circuit on May 08

Eleven of the 13 key sectoral indices rose, with the financial sector seeing the biggest increase of 1 per cent.

On Monday, Indian equities rose on the back of rebound in the financial sector, solid local results and an uptick in sentiment following strong economic data from the United States. Eleven of the 13 key sectoral indices rose, with the financial sector seeing the biggest increase of 1 per cent. Additionally, Nifty Bank and Nifty Private Bank had gains of over 1 per cent.  

As of 10:55 am, the BSE Sensex is trading at 61,710 levels, surging by 641 points. While the S&P BSE Mid-Cap index similarly zoomed and trading at a level of 26,050 points up by 198 points. The Small-Cap index is also trading lower, at a level of 29,198 gaining 198 points. The NSE index NIFTY50 is trading higher by 176 points and is trading at a level of 18,245. The Bank Nifty likewise jumped by 655 points and is currently trading at a level of 43,316. 

On May 05, the foreign portfolio investors bought securities worth of Rs 777.68 crore and the domestic institutional investors (DIIs) also were the net sellers of shares worth Rs 2,198.77 crore.  

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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: