Overnight Digest: Stocks likely to be in focus on September 19

Overnight Digest: Stocks likely to be in focus on September 19

Shreya Chaware
/ Categories: Trending, Mindshare

Watch out for these stocks for Monday's trading session.

Due to mixed economic data in the US, global weakness and investor cautiousness, the domestic benchmark indices nosedived deeply. Sensex fell more than 1,000 points while Nifty settled below 17,600.  

All the sectors ended in red with IT and realty shedding over 3 per cent each. Also, IT & auto stocks, which were the major drags, comprised Tech Mahindra, Infosys, and M&M among the Top Losers.  

Watch out for these stocks for Monday's trading session - 

IndusInd BankThe shares of IndusInd Bank jumped 3 per cent after the bank announced the re-appointment of Sumant Kathpalia as MD & CEO. The shares of IndusInd Bank caught attention as otherwise, the market tumbled deeply in today's trading session. On the daily chart, the share is trading in bullish territory, showing a decent spurt in volumes. 

Voltas - On concerns regarding the prediction of a weak July-September quarter (Q2FY23), the shares of Voltas rattled 8 per cent during Friday's trading session. The company may see subdued sales numbers due to low seasonal demand. The shares have fallen below their recent low of Rs 923.50 touched on May 16, 2022, and were seen trading at the lowest level since January 2021.  

Defence stocks - The shares of defence companies were seen soaring in an otherwise downward landing market. The shares of dome defence companies gained owing to a strong business outlook. Mishra Dhatu Nigam (Midhani), Mazagon Dock Shipbuilders (MDL), Cochin Shipyard, Garden Reach Shipbuilders & Engineers, and Bharat Dynamics have zoomed in the range of 5 per cent to 10 per cent. 

Vedanta - The company’s shares squeezed as much as 8.7 per cent, breaking six days of gains after the firm expressed that the new line of manufacturing business announced previously would fall within the purview of the family trust, Volcan Investments Ltd and not Vedanta. Its shares rose in the previous trading session, owing to the announcement of the new business line but dropped sharply after today's announcement regarding the coverage of investment.  

Previous Article NPS retirees to benefit from these new IRDAI norms on annuity proposal form
Next Article Penny stocks: Stocks likely to be in focus on Monday!
Rate this article:
4.1

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR