Overnight Digest: Stocks to be watched on February 8

Check out the stocks that are likely to be in focus for Tuesday's trading session.

On Monday, Indian markets opened in red due to mixed Asian market cues as investors continued to be cautious around the Ukraine crisis and internalize US jobs data and central bank moves in the region.

The market could see additional positions been taken in utilities, metal and PSU stocks while selling was witnessed in capital goods, healthcare and telecom sector stocks.

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

Larsen & Toubro - Larsen & Toubro (L&T) and Microsoft India, announced the signing of a Memorandum of Understanding (MoU) to develop a regulated sector-focused cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services. In line with emerging regulations, L&T and Microsoft will co-engage with a defined set of large customers in regulated sectors to develop architectures and roadmaps to modernize their traditional data centres to potentially hybrid models and advance their digital transformation goals. The stock of L&T ended 3.55 per cent lower in Monday's trading session.

State Bank of India - SBI is the only stock to make a fresh 52-week high price on Monday in an otherwise market attacked by bears. The bank declared robust quarterly results for Q3FY22 during the weekend. State Bank of India recorded a 62 per cent year-on-year rise in net profit to Rs 8,431.9 crore for the quarter ended December. The bank saw its net interest income rising by 6.5 per cent from a year ago to Rs30,687 crore. Other income for the quarter slipped 6.2 per cent to Rs 8,673 crore. Total provisions for the third quarter stood at Rs 6,974 crore, 32.5 per cent lower from a year ago.

Interglobe Aviation - The shares of this aviation company have soared 9 per cent in Monday's trading session after the company reported a net profit of Rs 129.8 crore in Q3, on the back of higher passenger revenue, as compared to a loss of Rs 620 crore in the year-ago period. The RSI, as well as MACD indicators, have given a positive breakout and indicate bullish nature. Keep an eye on this stock for further trading sessions.

Upper Circuit Stocks - From the BSE 500 index, the stock of Tata Teleservices (Maharashtra) locked in an upper circuit in Monday's trading session.