Overnight Digest: Stocks to watch out for on November 03
Surrendering to the global sentiments, domestic indices ended the trading session on a lower note oscillating between gains and losses throughout Tuesday's volatile session.
The stocks in metal, oil and commodity space dragged due to profit booking while realty, PSU bank and consumer durables were seen attempting to lift the indices. Despite weak auto sales numbers reported by major auto companies, the auto sector managed to remain buoyant.
Keep an eye on these stocks for Wednesday's trading session.
Infosys - Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and IBM announced that the Finacle Digital Banking Solution Suite will be available on Red Hat OpenShift and IBM Cloud for financial services. This collaboration will help banks scale business transformation, become more agile, and power their growth with an on-demand portfolio of products and services.
Union Bank of India - The Board of Directors of Union Bank of India approved the accounts of the Bank for the half-year ended September 30, 2021. To highlight the key figures, operating profit and net profit of the Bank improved by 25.66 per cent and 195.42 per cent respectively, on a YoY basis during Q2FY22. Meanwhile, the net interest income of the Bank grew by 8.52 per cent on a YoY basis during Q2FY22.
Bandhan Bank - The stock has advanced 8.09 per cent in Tuesday's trading session. After forming red candles for a couple of previous trading sessions, the stock has formed green candles for a second consecutive trading session with a decent spurt in volume. The Relative Strength Indicator (RSI) has also turned its way towards the upward direction. Hence, this stock is likely to be on investors radar for Wednesday.
52-week high stocks - From the BSE 200 index, the stocks of Aditya Birla Fashion & Retail, Canara Bank, Grasim Industries, Sun TV Blue Dart Express, Blue Star, Escorts, Grindwell Norton, KSB, Minda Corporation and TVS Motors have made fresh 52-week highs on November 2.