Overnight Digest: Stocks to watch out for on October 18

Bulls kept their charge for the sixth consecutive session on October 14 amid some ups and downs in foreign funds flow, setting the mood perfect for celebrating the Dussehra. 

On Thursday, the benchmark indices climbed to newer highs as a buying sentiment spread across sectors. The BSE Sensex surpassed the 61,000 mark and the Nifty50 crossed 18,300 on an intraday basis for the first time.

Apart from auto, all other sectoral indices ended in the green, with infra, IT, realty, PSU Bank, power and metal indices gaining a per cent each. In the broader markets, BSE midcap and smallcap added 0.5 per cent each.

Keep a watch on the following stocks for Monday's trading session:

Adani Enterprises - The share of Adani Enterprises has zoomed up to 5.09 per cent in Thursday's trading session, outperforming the benchmark indices. The Adani Group formally took over control operations and management of the Thiruvananthapuram International Airport on Thursday, October 14, 2021. It was a formal transfer of the airport to Adani Thiruvananthapuram International Airport Ltd (ATIAL), a wholly-owned subsidiary of Adani Enterprises Ltd. Under the agreement with the Airports Authority of India (AAI), ATIAL will operate the airport for the next five decades.

Bayer CropScience - On Wednesday, the company approved the sale of its traded seeds business related to cotton, millet, mustard and sorghum crops along with real estate property owned by the company at Patancheru, Telangana, to Crystal Crop Protection on a slump sale basis for a total consideration of Rs 62 crore. The stock has gained 1.14 per cent in Thursday's trading session and is likely to be in focus on Monday.

ITC - The stock climbed up to 4 per cent in Thursday's trading session. In the last 4 trading sessions, the stock has zoomed up to 11 per cent amid talks in the town that e-commerce giant Amazon is planning to invest in ITC e-Choupal. Farmers use e-Choupal to order seeds, fertilizers and other products such as consumer goods from ITC or its partners at prices lower than those available from village traders.

Upper Circuit Stocks - In line with the bullish market momentum, some stocks gained up to 5 per cent and are locked in the upper circuit. The stocks of Tejas Networks, Neuland Laboratories, Borosil Renewables, HFCL, Adani Power, Jain Irrigation Systems and Gateway Distriparks were locked in the upper circuit on Thursday.