Watch out for these penny stocks locked in the upper circuit on May 19

The benchmark indices saw a fall as some of the companies declared poor quarterly and annual results.

In debt-ceiling talks, congressional negotiators and the White House are battling over Republican demands for cuts, expenditure caps or work requirements for social programmes. The Republican plan would veto Biden's proposal to cancel certain student debts and abolish tax breaks to encourage the development of clean energy and combat climate change.  

As of 11:10 am, the BSE Sensex is trading at 61,364 levels, losing 67 points. The S&P BSE Mid-Cap also dropped by 101 points and is trading at a level of 26,052 points. The Small-Cap index too fell by 118 and is trading at a level of 29,679. The NSE index NIFTY50 decked by 34 points at a level of 18,095. The Bank Nifty likewise is down by 121 points to a level of 43,631 level.  

On May 18, the foreign portfolio investors bought securities worth of Rs 970.18 crore and the domestic institutional investors (DIIs) were the net sellers of shares worth 849.96 crore.   

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