Overnight Digest: Stocks to watch out on March 28

Out of 30, 22 Sensex stocks and out of 50, 37 Nifty50 stocks ended the day in the red.

On Friday, BSE Sensex and NSE Nifty50 traded range-bound in the negative territory for second half on Friday. However, the ended the session mildly off lows as energy prices, including crude oil futures, relaxed after the US and European Union signed agreement to share energy needs.

At the close, Sensex down 233.48 points or 0.41 per cent at 57362.20 mark, and the Nifty fell 69.80 points or 0.41 per cent at 17,153 mark. About 1256 shares have advanced, 1958 shares declined, and 91 shares are unchanged.

Among the sectors, auto, FMCG, capital goods, pharma and IT lowered over half a per cent each while realty index ended higher.

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

Tata Elxsi - The shares of this Tata Group company advanced 5 per cent to a record high level of Rs 7,971.90 in Friday's trading session in an otherwise weak market. The stock crossed its previous high of Rs 7,949 touched on February 1, 2022. In the past three months, it has outperformed the market by soaring 45 per cent against a 4.65 per cent decline in the benchmark index.

Century Textile and Industries - Birla Estates Pvt Ltd, the real estate arm of Century Textiles and Industries Limited (CTIL), has entered into an agreement to jointly develop a prime 52-acre land parcel in North Bangalore with MS Ramaiah Realty LLP. The project has a revenue potential of Rs 3000 crore and development potential of 4.0 million sq. ft and will comprise both high and low-rise residential developments, along with retail and commercial elements. The stock has traded flat in Friday's trading session and ended 0.4 per cent lower.

Inox Leisure - The shares hit a 52-week high of Rs 479.45, advancing 8 per cent on the BSE in Friday’s trading session underpinned by heavy volumes. The stock has been able to take advantage of easing of restrictions and strong content line-up, planned to be released over the next few months and improved business outlook. The shares have gained up to 7.51 per cent in Friday's trading session.

Indus Towers - The shares of Indus Tower contracted 8 per cent to Rs 196.55 per share on an intraday basis. The stock of telecom infrastructure provider traded close to its 52-week low of Rs 194.25 hit on August 5, 2021. The stock had touched a 52-week high of Rs 332.60 on September 28, 2021. The RSI indicator was at 34.44 indicating that the stock has entered a bearish zone and is likely to be watched for further trading sessions.