Overnight Digest: Keep a watch on these stocks for April 26

India VIX, which is a fear gauge for domestic markets, jumped 15.38 per cent on Monday.

Extending the fall of the previous trading session, the benchmark indices ended Monday's trading session deep in the red. The markets were dragged by losses in metals, energy, realty, and information technology stocks.  

The buzzing news that made mainly FMCG investors cautious was Indonesia's ban on the exports of palm oil. This made palm oil rally and created a threat to hit the global inflation as well as increase volatility in crop markets. The benchmark palm oil futures zoomed as much as 7 per cent while Indonesia plantation stocks fell. 

At the close, Sensex was down by 617.26 points or 1.08 per cent at 56,579.89 while Nifty plunged 218.00 points or 1.27 per cent at 16,954. 

Apart from banks, all other sectoral indices ended lower with auto, capital goods, FMCG, healthcare, IT, power, metal, oil & gas, and realty down between 1 and 4 per cent. BSE Midcap and Smallcap indices declined nearly 2 per cent each. 

These stocks are likely to be on investors’ radar for Tuesday's trading session: 

Ambuja Cements - The share rose up to 3 per cent in the first half of the trading session in an otherwise subdued market, hitting an over three-month high of Rs 387.45 per share. In the month of April 2022, so far, the stock has gained 29 per cent based on the reports that Holcim Ltd, the world’s biggest cement maker, is planning a potential sale of businesses in India, which includes Ambuja Cements. The stock has recovered around 36 to 37 per cent from its 52-week low price. On the daily charts, the stock has crossed the 200-day moving average line and is trading above all the key moving averages.  

FMCG stocks - On Monday, the sentiments of FMCG stocks were hurt after Indonesia, the world's top palm oil producer declared an export ban on palm oil from April 28, 2022. Around 45 per cent of palm oil import comes from Indonesia to India. Palm oil is used in products like cooking oils, processed foods, cosmetics, and biofuels. The key stocks like Hindustan Unilever (HUL), Britannia Industries, Godrej Consumer Products, and Marico slipped between 4 per cent and 6 per cent during the first half of the trading session. BSE FMCG index has underperformed the benchmark indices, closing 1.67 per cent down as compared to Sensex, which closed 1.06 per cent lower.  

Borosil Renewables - The company announced that the board has approved buying of 100 per cent stake in Interfloat Corporation and GMB Glasmanufaktur Brandenburg GmbH (GMB).  Both the entities are engaged in the business of solar glass. Borosil will buy GMB at Euro 24.91 million in cash along with an additional amount to be determined based on the performance in the current year of 2024, 2025 & 2026, which will not exceed 50 per cent of EBIT of GMB. Borosil will have 100 per cent control through its German arm. The share opened in green on Monday but erased the gains and fell up to 6 per cent on an intraday basis.  

BPCL - The shares of this oil marketing company rattled 6 per cent on Monday due to talks that the government may revisit the company's privatisation plan, including revision of the terms of sale. In current terms, the transition towards green and renewable fuel has made privatisation a bit harder. The government holds 52.98 per cent in this company and is planning to sell the entire stake for which, three expressions of interest (EoIs) have flowed in, including one from Vedanta Group. The stock has dropped below its 100 and 200-day moving average line on the daily charts. The RSI and MACD indicators are also indicating a bearish trend.