Overnight Digest: Stocks to keep a watch on December 17
On Thursday, Indian markets opened on a positive note following Asian market cues as globally investors assess US Fed's decision on taper and rates. The benchmark indices closed in a positive territory led by the IT stocks.
At the close, Sensex was up 113.11 points or 0.20 per cent at 57,901.14 level whereas Nifty was up 27 points or 0.16 per cent at 17,248.40 level.
On the sectoral front, the sectoral indices traded mixed wherein IT, Consumer Durables and Oil & Gas settled in green, while auto, banking and capital goods slipped in red. The broader markets also witnessed selling pressure as both Midcap and Smallcap dipped 0.6 per cent and 0.8 per cent, respectively.
Keep a watch on these stocks in the Friday trading session:
BHEL - The first 3-phase ethernet-based AC Mainline Electric Multiple Unit (MEMU) equipped with BHEL manufactured electrics has rolled out from RCF Kapurthala to Asansol MEMU shed, Eastern Railways, signalling a new era in the urban transportation segment. The 12 coach MEMU train is equipped with a 3-phase IGBT-based converter and inverter designed and developed by BHEL.
TCS - The company announced that Plaza Premium Group (PPG), a global airport hospitality services provider based in Hong Kong, has selected TCS to develop an end-to-end digital platform that will improve customer experience and operational excellence at its 70 airport locations that serve 20 million passengers annually. The stock has traded flat in Thursday's trading session.
Tata Steel - Tata Steel executed a long-term agreement with Angul Sukinda Railway (ASRL), for the construction, operation and maintenance of an alternate railway line. The agreement is for 20 years to meet the logistic requirements of TSL’s Kalinganagar Steel Plant. The company will be funding the entire expenditure of Rs 400 crore (in a phased manner) for construction of the additional rail line by subscribing to 40,00,00,000 non-convertible, non-cumulative, redeemable preference shares of face value Rs 10 each of ASRL.