Overnight Digest: Keep a watch on these stocks on October 11

The domestic equity markets continued the rally in Friday's trading session, closing the week on a positive note. For four out of five trading sessions in the current week, the markets have edged higher on the back of positive global cues, a balanced view by RBI on the interest rates and keeping an eye on September quarter earnings. 

Nifty 50 made a fresh 52-week high and ended at 17,895.20 level with gains of 104.90 points while the BSE Sensex jumped 381 points to 60,059.06 level. On the sectoral front, IT and Energy indices took the lead gaining up to 2.65 per cent whereas, in the broader markets, BSE Smallcap and Midcap indices ended in green.

Among Sensex, Reliance, Infosys, Tech Mahindra, HCL Tech and TCS were the top gainers whereas HUL, NTPC, Kotak Mahindra Bank, Maruti Suzuki and Dr Reddy's Laboratories were the top losers.

Stocks to watch out for on Monday include:

Power stocks - Most of the power stocks were seen trading in red on Friday as the government releases a new framework to enhance competition in the power sector and help reduce costs for consumers. Keep a watch on these stocks for Monday's trading session.

Dixon Technologies (India) - The stock has rallied up to 10 per cent in Friday's trading session. Participating in a big push for ‘Make in India’, Dixon Technologies has collaborated with Taiwanese personal computer (PC) maker, Acer, for the contract manufacturing of laptops, initially for the domestic market and then possibly for exports. The company will benefit from the government’s Production Linked Incentive (PLI) scheme and is among the first few companies to be approved under the PLI scheme.

Zensar Technologies - The stock has zoomed up to 9.22 per cent on Friday. After trading in negative for a couple of trading sessions, the stock has cheered with a decent spurt in volumes. Keep a watch on this stock on Monday.

Tata Motors - The company reported Q2FY22 sales for Jaguar Landrover. The retail sales for the period ending September 30, 2021, continued to be constrained by the impact of the global semiconductor shortage on production, with wholesales for the period in line with July guidance. Despite the impact of the semiconductor shortage on production and sales, Tata Motors continues to sense strong demand for its products with global retail orders at record levels in excess of 125,000 vehicles. The stock is likely to be on investors' watchlist for Monday.