Overnight Digest: Stocks to be watched on July 29

Keep an eye on these stocks for Friday's trading session

On Thursday, the bulls took charge of the Indian equity markets after the US Federal Reserve's (US Fed) chairman Jerome Powell hinted at an eventual slowdown of rate hikes once inflation peaks out. 

At the close, BSE Sensex soared over 1,000 points while the Nifty50 climbed above the 16,900-mark. Surging around 9 per cent, the index heavyweights, Bajaj Finance and Bajaj Finserv pushed up the performance of Sensex.

On the sectoral front, the IT, Metal, and Realty indices gained up to 2 per cent. The broader markets also traded firmly. 

Keep an eye on these stocks for Friday's trading session:

Hindustan Aeronautics - Hindustan Aeronautics (HAL) has signed a contract worth over USD 100 million with Honeywell for HTT-40 Engines. The company will supply and manufacture 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40). The shares of HAL shot up more than 4 per cent on an intraday basis on Thursday. 

Bajaj Finserv - The shares of Bajaj Finserv advanced 10 per cent to Rs 14,579.95 level in Thursday’s intra-day trade post announcement by the company’s board regarding approval of the 1:1 bonus issue and 1:5 stock split. In the past three trading sessions, the stock gained 16 per cent after the company announced its plan for a stock split or bonus issue. 

Welspun India - Welspun India has reported an 11.6 per cent year-on-year decline in consolidated revenue at Rs 1,957.3 crore for the Q1FY23, impacted by the home textile business but the flooring business had fared better. Profit fell sharply by 90.4 per cent to Rs 21.36 crore on weak operating performance at the home textile business. In a bullish market, the shares of Welspun India plunged up to 2.8 per cent. 

Tata Steel - The shares of Tata Steel zoomed 5 per cent to Rs 100.45 in Thursday’s trading session after the stock turned ex-date for subdivision of shares in a ratio of 1:10. On May 03, the board of directors of Tata Steel had approved a proposal of sub-division of the equity shares of the company having a face value of Rs 10 each to Rs 1. Keep an eye on this stock for upcoming trading sessions.