Overnight Digest: Stocks to keep an eye on January 18!

Watch out for these large-cap stocks in Wednesday’s trading session!

Indian benchmark indices opened flat on mixed Asian market cues due to expected weak Chinese economic data but quickly moved higher. Indices were boosted by the robust gains in capital goods, utilities and power stocks. The BSE Sensex surged 0.94 per cent to 60,655 level at the close. The Nifty 50 index climbed 0.89 per cent to a level of 18,053.  

Watch out for these Large-Cap stocks in Wednesday’s trading session -

The Phoenix Mills Ltd - The real estate major announced that its wholly owned subsidiary, Phoenix Logistics & Industrial Parks, had successfully acquired 100 per cent equity shares of Janus Logistics & Industrial Parks for a total consideration of Rs 26.03 crore. In addition, the board approved the grantee receiving 300 equity shares of Rs 2 each upon exercise of stock options offered under The Phoenix Mills Employees' Stock Option Plan, 2018.  

Maruti Suzuki - In response to an earlier notification, the company announced price increases across models. The weighted average increase across models is projected to be roughly 1.1 per cent. This estimate is based on the ex-showroom prices of models in Delhi. In addition, the business reported that in calendar year 2022, it dispatched more than 3.2 lakh vehicles using Indian Railways, which is a record high.  

NTPC Ltd - For the development of floating and ground mounted based renewable energy projects in the state of Tripura, NTPC Renewable Energy and the Government of Tripura signed Memorandum of Understanding (MoU).