Overnight Digest: Stocks to be kept on your radar for January 25

JSW Steel, Bajaj Finance, Tata Steel, Grasim Industries and Hindalco Industries were the top Nifty losers, while gainers included Cipla and ONGC.

On Monday, the equity markets experienced a red day as the sell off in global markets, weak Q3 results and cautiousness related to upcoming budget led to heavy sell-off in the domestic bourses. The core equity indices, Sensex and Nifty plunged sharply lower and lost nearly 3 per cent. 

Following the cues, all the sectoral indices ended in the red with auto, metal, IT, power, pharma, realty, FMCG, capital goods down 2-6 per cent.

In the broader markets, BSE midcap and smallcap indices fell 4 percent each.

Keep a watch on these stocks for Tuesday's trading session:

Adani Enterprises - The share of Adani Enterprises has dropped more than 6 per cent in Monday's trading session. Adani Group is planning to invest more than Rs 4,600 crore in two data centre projects in Uttar Pradesh. The two data centres bear a total cost of Rs 4,646 crore, in Noida sector 62 and 80, respectively.

Exide Industries - Exide Industries Limited (EIL) has invested around Rs 20 crore by way of subscription to the equity share capital of its subsidiary, “Exide Leclanche Energy Private Limited” (Joint Venture Company), and as a result of which, its total equity shareholding in JVC stands increased by 0.9 per cent to 84.90 per cent. The equity shares were acquired by EIL at Rs 21 per share including a premium of Rs 11 per share.

The share of Exide Industries has declined 2.73 per cent on Monday.

Reliance Industries - The share price of Reliance Industries (RIL), which reported a healthy set of numbers for the December quarter, slipped into the red after opening higher in the morning session on Monday following weak market conditions. Billionaire Mukesh Ambani-led Reliance Industries reported a net profit of Rs 20,539 crore in the third quarter of 2021-22, up 37.9 per cent year-on-year as all business verticals saw strong growth, the oil-to-chemical (O2C). The share closed 4.43 per cent lower on Monday and is likely to be in focus on Tuesday.