Overnight Digest: Stocks to keep an eye on September 6

Sensex settled at 59,245.98, up by 442.65 points or 0.75 per cent while Nifty 50 closed at 17,665.80, up by 126.35 points or 0.72 per cent.

The markets ended Monday’s trading session on a high note, owing to better sentiments from domestic investors.  

Sensex settled at 59,245.98, up by 442.65 points or 0.75 per cent while Nifty 50 closed at 17,665.80, up by 126.35 points or 0.72 per cent.  

In Nifty Midcap 100 Group, the stocks of Indian Hotels, Federal Bank, TVS Motor Company, Ashok Leyland, and Bank of Baroda hit their respective 52-week high prices today.   

Keep a watch on these stocks for Tuesday's trading session –  

Reliance Industries: Reliance Industries Ltd (RIL) is leading in the competition to buy Lanco Amarkantak Power (Lanco), a coal-based power project, with an offer of Rs 1,960 crore in cash upfront. If the offer is accepted by lenders, this will be the third big-ticket acquisition by RIL under Insolvency & Bankruptcy Code, 2016, after buying the tower assets of Reliance Infratel (a subsidiary of Reliance Communications) and textile company Alok Industries. The shares of RIL closed 1.60 per cent higher on BSE today.  

Bharat Electronics: Bharat Electronics today announced that the company has fixed September 16, 2022 (Friday) as the record date to determine the eligible shareholders to receive bonus shares as approved in the annual general meeting (AGM) of the company held on August 30, 2022. The company had declared a bonus issue of equity shares in the ratio of 2:1 to the shareholders by capitalising on nearly Rs 487.32 crore in the meeting held on August 4, 2022 (Thursday). The shares of BEL settled 1.02 per cent higher on BSE on Monday.  

Dixon Technologies (India): With a 6-million yearly capacity, Dixon Technologies (India) Ltd is India's largest maker of LED TVs and the country's first contract manufacturer to obtain sublicensing rights for Android & Google TV. This new agreement will help the business provide its current clients and potential new brands with an affordable, reliable, high-quality, and out-of-the-box experience, further solidifying its position as the industry leader in the LED TV category. The scrip ended higher by 2.38 per cent on BSE today.