Overnight digest: Keep these stocks on your radar for August 18

The domestic benchmark indices glowed up in the later hours of Tuesday's trading session. Sensex settled at 55,792.27 level i.e. 0.38 per cent or 209.69 points up and Nifty closed at 16,614.60 level i.e. 0.31 per cent or 51.55 points up on Tuesday. IT stocks were on a lead whereas, the metal stocks turned out to be the biggest losers of the day.  

Following are the stocks to be watched out for on August 18: 

Zydus Cadila - Zydus Cadila received tentative approval from USFDA for Lenalidomide Capsules. Lenalidomide is used to treat various types of cancers. Investors are likely to keep a watch on this stock in tomorrow's trading session. 

Top Sensex gainers & contributors: Tech Mahindra, Nestle & HUL emerged as the top index gainers while in addition to them, Infosys and HDFC qualified to be the leading index contributors. Keep a watch on these stocks for Wednesday's trading session.  

52-week high stocks - Apollo Hospitals, HCL Technologies, Tata Consumer, TCS, Titan, and Wipro are likely to be on investors' radar as they have crossed their previous 52-week high prices today.  

IT and FMCG stocks - The stocks from the IT & FMCG sectors have been contributing to the market gains today. Keep a close watch on stocks from these spaces. 

Vedanta – Vedanta’s share price plunged 12 per cent on August 17 after Madras High Court issued notice on remediation of contaminated sites at Tuticorin unit. The movement in this stock is likely to be monitored during Wednesday’s trading session.