Overnight Digest: Stocks to watch out for on November 2

In the equity markets, November 2021 began on a volatile note until the bull domination started due to buoyant PMI data and GST collections for last month.

Benchmark indices ended higher with the Nifty closing above 17900 supported by the rally in the metal, IT, realty stocks.  

At close, the Sensex was up 1.40 per cent and the Nifty was up 1.46 per cent. About 2099 shares have advanced, 1129 shares declined, and 186 shares are unchanged. In the broader markets, BSE midcap and smallcap indices rose over 1 per cent each.

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

Tata Consultancy Services (TCS) -The company announced regarding expanding its partnership with Celcom Axiata Berhad (Celcom), a leading telecommunications provider in Malaysia, to transform the latter’s core business support systems using TCS HOBS and TCS TwinX hosted on Microsoft Azure. The stock has gained 2.18 per cent in Monday's trading session and is likely to be in focus on Tuesday.

Bharti Airtel - The company, which is India’s premier communications solutions provider, has rolled out the #5GforBusiness initiative to demonstrate a wide range of enterprise-grade use cases using high speed and low latency networks. This initiative is to showcase transformational high speed & low latency network solutions for a range of industries in partnership with top companies

IndusInd Bank - On Monday, the stock of IndusInd Bank was in the limelight from the Sensex pack. The share has gained 7.57 per cent on an intraday basis. On the charts, it is trading with a positive RSI and is likely to be in focus for further trading sessions as it is on the verge to break the current resistance level if the upward trajectory continues.

Coal India - The share of Coal India has gained 3.59 per cent in Monday's trading session. In the last hour of the trading session, the company announced provisional production and offtake performance for the Month of October 2021 and the period from April to October 2021. To highlight the key point, October production grew 6.4 per cent at 49.8 mt against 46.8 mt on a YoY basis. October offtake was up 11.8 per cent at 56.7 mt against 50.0 mt on a YoY basis.