Overnight Digest: Stocks likely to be in focus on February 17
Power Grid Corporation, UltraTech Cement, NTPC, ICICI Bank and SBI were the top Nifty losers, while gainers were Divis Labs, Adani Ports, ONGC, IOC and HDFC Life.
On Wednesday, the core equity indices ended in red after trading in a highly volatile session dragged by auto, bank, metal, and IT stocks.
On the sectoral front, selling was seen in the auto, IT, power, metal, PSU bank, capital goods, while healthcare, oil & gas and realty indices ended on a positive note.
In the broader markets, the midcap index ended flat while smallcap index rose 0.42 per cent.
Keep a watch on these stocks for Thursday's trading session:
Tata Consultancy Services - TCS iON™, a strategic unit of Tata Consultancy Services (TCS) and Nettur Technical Training Foundation (NTTF), a premier technical and vocational education and training institute, have come together to launch high-demand skill development programs across sectors, in the areas of robotics, automation, manufacturing, and electronics, in a unique phygital model, developed by the former. TCS and NTTF will offer 3 diploma and 12 certification courses with a target to skill and upskill more than 60,000 youth in the country, making them job-ready for current and future industry needs. The stock has traded flat in Wednesday's trading session closing at Rs 3,810 per share, 0.2 per cent lower.
GAIL (India) - The company plans to lay a pipeline to Srinagar to take the environmentally friendly natural gas to the Kashmir Valley as it strives to expand infrastructure to adhere to the government vision of a gas-based economy. By May 2023, the company will complete a 700-km pipeline from Mumbai to Nagpur, enabling the flow of gas to central India and is on track to meeting the target of mid-2022 for completing major portions of the ambitious Urja Ganga project, bringing eastern India on the energy map.
Cyient - The company announced the launch of its Private 5G Networks Center of Excellence (CoE). It has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Hyderabad, as a research partner for the CoE. Cyient will leverage a 5G core developed by IIT Hyderabad for testing various digital use cases and interoperability with best-of-breed components from industry leaders. The stock has ended down by 0.94 per cent in Wednesday's trading session.
52-week high stocks - In a highly volatile session on Wednesday, from the BSE 500 pack, the stocks of Blue Star Company and RHI Magnesita have made fresh 52-week highs on Wednesday.