Overnight Digest: Stocks to keep an eye on March 13!
Watch out for these large-cap stocks in Monday’s trading session!
In Friday's trading session, Indian benchmark indices had a significant sell-off, with financial services, banking and capital goods sectors performing the worst. BSE Power and BSE Utilities, on the other hand, surprised investors with gains of more than 1 per cent. The BSE Sensex slumped 1.12 per cent to 59,135 level at the close. The Nifty 50 index tumbled 1 per cent to a level of 17,412.
Watch out for these Large-Cap stocks in Monday’s trading session -
HDFC Bank - Shares of the bank tumbled 2.63 per cent, making it the worst performer on both the BSE Sensex and sectoral index BSE Bankex. The financial services and banking sectors suffered the most, reflecting the steep decline in global banking stocks brought on by the Silicon Valley Bank crisis in the US.
Adani Transmission - Shares of Adani Group businesses such as Adani Transmission, Adani Green Energy and Adani Total Gas continued to lock at upper circuits, defying the weak market sentiments. In the last seven trading sessions, shares of Adani Transmission have soared more than 40 per cent.
Tata Steel - The company will manufacture trains for the country's fastest and most feature-rich Vande Bharat Express as part of an agreement, the Indian Railways has with the steel company. After recouping some of their earlier losses, shares ended the session slightly lower.