Overnight Digest: Stocks to watch out for on April 5

Within Sensex, the top gaining stocks were HDFC Bank, HDFC, Kotak Bank, Hindustan Unilever, and Larsen & Toubro whereas top losers stocks today were only Infosys and Titan

On Monday, the equity benchmark indices settled higher for the second consecutive session, lifted by the mega-merger of HDFC and HDFC Bank. A sharp fall in crude oil prices is predicted to have aided market sentiment. In the international markets, Brent crude oil contracted 14 per cent to $103.66 per barrel from around $121 a barrel last week.

Sensex was up by 1,335.05 points or 2.25 per cent at 60,611.74 level while Nifty was up by 382.90 points or 2.17 per cent at 18,053.40 level. About 2,534 shares have advanced, 796 shares declined, and 118 shares are unchanged.  

All the sectoral indices ended higher with bank, metal & power, rising between 2 and 3 per cent each. BSE Midcap and Smallcap indices too rose 1 per cent each. 

Keep watch on these stocks for Tuesday's trading session: 

Vedant Fashions - The shares of this company, owner of ethnic wear brand Manyavar, touched a record high of Rs 1,065, zooming 7 per cent during Monday's trading session. The stock beat its previous high of Rs 1,025 made on March 31, 2022. In the past one month, Vedant Fashions has outperformed the market by advancing 25 per cent in comparison to an 11 per cent rise on BSE Sensex. The stock closed 0.66 per cent up on Monday.  

HDFC twins - HDFC and HDFC Bank rallied up to 10 per cent during Monday’s trading session post-approval by the respective boards of the mega-merger of HDFC into HDFC Bank. The shareholders of HDFC Ltd will receive 42 shares of HDFC Bank for 25 shares held whereas the existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank. Making HDFC Bank a fully public company, the shares held by HDFC in HDFC Bank will be extinguished.  

Adani Total Gas -The shares of this company hit a new lifetime high of Rs 2,380, zooming 6 per cent on Monday. The stock soared 16 per cent in the last six trading sessions post the company's announcement regarding its foray into the electric mobility infrastructure sector. On March 28, Adani Total Gas forayed into electric mobility by launching its first electric vehicle charging station (EVCS) in Ahmedabad (Gujarat). 

Hindustan Aeronautics - The shares of this company had hit a record high of Rs 1,592.35, up by 4 per cent. The stock traded up 7 per cent in the previous two trading sessions after the company recorded its highest-ever revenue of over Rs 24,000 crore (provisional & unaudited) for FY22 as compared to Rs 22,755 crore in FY21, registering 6 per cent year-on-year (YoY) growth. The FY22 record revenue was led by the production of 44 new helicopters/aircraft, 84 new engines, overhauled 203 aircraft/helicopters, and 478 engines.