Overnight Digest: Stocks to keep an eye on December 10

Overnight Digest: Stocks to keep an eye on December 10

Shreya Chaware
/ Categories: Trending, Mindshare

On Thursday, despite experiencing a choppy trading session, the markets maintained their positive momentum and ended in the green. 

The benchmark indices, Nifty and Sensex closed with gains of around 0.3 per cent, the broader market outperformed with midcap index up 0.6 per cent and BSE smallcap index gaining 1.2 per cent.

Profit booking was witnessed in private banks, IT, financial services and reality sectors whereas on the positive side were media, FMCG, oil & gas, and auto.

Keep a watch on these stocks for Friday:

One 97 communications (Paytm)- In the last five trading sessions, the stock almost dipped 10 per cent but gained momentum in Thursday's trading session, settling at Rs 1,592.90, 2.54 per cent on the upper side. The Reserve Bank of India is likely to form a panel to study the charges on digital payments which indicates that it is not in favour of the current structure and believes it to be expensive given the surge in the volume of transactions. This stock along with other fintech players are likely to be in focus for coming trading sessions.

ABB India - The stock has jumped 10.02 per cent in Thursday's trading session breaking the current resistance level on charts. The RSI, as well as the MACD indicator, has given a positive breakout and the stock has formed a long green candle with a significant spurt in volumes. Keep this stock on your radar for Friday's trading session.

Upper Circuit Stocks - Bajaj Hindusthan Sugar, Trident and JP Associates have locked in the upper circuit in Thursday's trading session. They are likely to be watched out on Friday.

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