Overnight digest: Stocks to be kept an eye on for August 20

The equity markets are observing a rally by large-cap stocks in the month of August, which is driving the benchmark indices to higher levels, while the broader market is playing in a consolidation zone. Mid-caps and small caps are now experiencing some profit booking after rallying for the last few months. This is perhaps a fit sign for the market.  

Today, Sensex & Nifty ended in red, falling 162.78 points or 0.29 per cent and 45.75 points or 0.28 per cent, respectively. Metal, bank, and realty indices faced selling pressure while buying inclination was witnessed in the FMCG, pharma, and PSU banking stocks. 

Following stocks are to be kept in focus during Friday's trading session: 

Tata Steel: The company has commissioned its new 0.5 MnTPA Steel Recycling Plant at Rohtak, Haryana. The plant has been set up in collaboration with Aarti Green Tech Ltd, as a ‘build, own, operate' (BOO) partner. 

India Inc: CRISIL has upgraded its credit quality outlook for the company to ‘positive’ from the earlier ‘cautiously optimistic’. This is likely to have a positive impact on the stock in the coming trading sessions. 

HUL: Pizza Hut, a quick-service restaurant announced its partnership with Hindustan Unilever to add the FMCG firm’s Kwality Wall’s ice cream & desserts to its dine-in as well as delivery and takeaway menu.  

52-week high stocks: The stocks of Bajaj Finance, Bajaj Finserv, HCL Technologies, Infosys, Nestle Industries, TCS, and Titan have hit their 52-week highs today. Keep a close watch on them for Friday's trading session. 

Volume gainers: Axis Bank, Maruti Suzuki India, HDFC Bank, and Kotak Mahindra Bank were the volume gainers today. They are likely to be on investors' radar for succeeding trading sessions.