Overnight Digest : Stocks to be watched on December 22

Benchmark indices broke the two-day losing streak and ended higher on December 21 with Nifty settling above 16,700 level. 

At close, the Sensex ended 497 points or 0.89 per cent higher at 56,319.01 level, and the Nifty ended 156.60 points or 0.94 per cent up at 16,770.80 level.

HCL Technologies, Wipro, UPL, Adani Ports and Tata Steel qualified to be the top Nifty gainers whereas the losers comprised of Power Grid Corporation, Axis Bank, Bajaj Finance, Cipla and SBI.

On the sectoral front, the sectoral indices were trading in positive territory and ended in the green. Out of all the sectoral indices, realty, capital goods, pharma, energy, IT and metal indices added 1-3 per cent. In the broader markets. BSE midcap and smallcap indices gained over 1 per cent each.

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

Indian Oil Corporation - Indian Oil Corporation board has accorded approval for an investment proposal of a new crude oil pipeline system with a nameplate capacity of 17.5 MMTPA from Mundra to Panipat along with augmentation of a crude oil tank farm at Mundra, at an estimated cost of Rs 9,028 crore. The project will meet the enhanced crude oil requirement arising out of the capacity expansion of Panipat Refinery from 15 MMTPA to 25 MMTPA. The stock has traded flat in Tuesday's trading session gaining a mere 0.6 per cent.

Exide Industries - Exide Industries has decided to set up a multi-gigawatt lithium-ion cell manufacturing plant. It also plans to apply for and participate in the Production-Linked Incentive Scheme for National Programme on Advanced Chemistry Cell (ACC) battery Storage, issued by the Ministry of Heavy Industries. The stock has ended 0.9 per cent higher at Rs 156.7 on BSE on Tuesday.

Godrej Consumer Products - The share price of Godrej Consumer Products rose 6 per cent to Rs 948 on Tuesday, breaking the four-day losing streak. The share closed Tuesday's trading session at Rs 938.80 per share. It has touched a 52-week high of Rs 1,138.50 and a 52-week low of Rs 644 on September 03, 2021, and February 24, 2021, respectively. Currently, it is trading 17.54 per cent below its 52-week high and 45.77 per cent above its 52-week low. Keep an eye on this counter for further trading sessions.

52-week high stocks - From the BSE 500 pack, Minda Industries and TCI Express have hit fresh 52-week high prices and are likely to be in focus on Wednesday.