Overnight Digest: Stocks to keep a watch on for September 16

The domestic benchmark indices, Sensex and the Nifty settled at record closing highs on Wednesday, witnessing across-the-board buying. Sensex ended at 58,723.20 level, up 476 points, or 0.82 per cent while Nifty closed the day at 17,519.45 levels, up 139 points, or 0.80 per cent. Making fresh highs, the BSE Midcap and BSE Smallcap indices closed 0.65 per cent and 0.86 per cent higher, respectively. The sectoral indices also delighted the investors by clocking attractive gains on an intraday basis.

Following stocks are likely to be in focus for Thursday's trading session: 

Lupin - The company has announced the launch of the authorized generic version of Duexise (ibuprofen and famotidine) Tablets, 800 mg/26.6 mg of Horizon Medicines LLC. These tablets are indicated for the relief of signs and symptoms of rheumatoid arthritis, osteoarthritis and to dampen the risk of developing upper gastrointestinal ulcers. The stock is likely to be in focus on Thursday.

Telecom Stocks - The Telecom stocks are likely to be in a buzz on Thursday as India's federal cabinet on Wednesday approved a much-expected relief package for the country's cash-strapped telecoms sector. The relief package may include a moratorium on payments for airwaves and will help India's three major wireless carriers including Reliance Jio but most importantly the castled Vodafone Idea. 

Tata Consumer Products - On Wednesday, FMCG firm Tata Consumer Products (TCPL) announced its plans to partner with the Indian Institute of Millets Research (IIMR) to unfold the full potential of millets as a healthier and more sustainable alternative to traditional grains. This stock is likely to be on the investor's watchlist for Thursday.

Varroc Engineering - The stock has locked in an upper circuit on Wednesday after giving returns of 19.99 per cent on an intraday basis. After indicating a bearish pattern on charts for more than three months and hitting a 52-week low price on Tuesday, the stock has attracted attention by forming a long green candle in Wednesday's trading session with a significant rise in volumes. Keep a close watch on this stock for Thursday's trading session.

RBL Bank - Post getting hit by the regulatory ban on Mastercard, private sector lender RBL Bank restarted credit card issuances on rival Visa's payment network on Wednesday. The stock gained upto three per cent in Wednesday's trading session and is likely to be in focus on Thursday.