Overnight Digest: Stocks to watch out on September 20

The market benchmark indices have erased the previous trading session's gains and Sensex has settled at 59,015.89 level, 0.21 per cent lower and Nifty ended at 17,585.15 level, 0.25 per cent down. The broader markets also dipped into red as the BSE Midcap index squeezed by 1.14 per cent and the BSE Smallcap index closed with a loss of 1.06 per cent. The sectoral indices also experienced selling pressure as most of the indices ended in red, the BSE Realty index being the weakest among all. 

Following stocks are likely to be on the watchlist for Monday.

IIFL Finance - UK-based development finance institution CDC Group Plc sold a 3.95 per cent equity stake in IIFL Finance via open market transactions. On Friday, the stock has hit a 5 per cent lower circuit on BSE. The stock is likely to be in focus on Monday.

Kotak Mahindra Bank - The stock of Kotak Mahindra Bank has outperformed benchmark indices gaining 5.63 per cent in Friday's trading session. The talks regarding Kotak Bank acquiring the vehicle finance portfolio of Volkswagen Finance have been attracting investors eyes towards this stock. After trading in a sideways trend since March 2021, the stock has started showing bullish signs on the charts. For Friday's trading session, it has formed a long green candle with a significant spurt in volumes. Keep a watch on this stock for Monday's trading session.

Palred Technologies -The company has announced the launch of four new TWS (True Wireless Stereo) Earbuds to cater for the demands of its diverse consumer base. The novel range, consisting of pTron Bassbuds Jade, Bassbuds Lite v2, Bassbuds Duo v’21, and Basspods ANC 992 is visually, functionally, and audibly spectacular. The stock is likely to be in focus on Monday.

Bajaj Finance & Bajaj Finserv - Both the stocks have made fresh 52-week highs in Friday's trading session. Bajaj Finance Limited announced the investment of Rs 195.54 crore in Bajaj FinServ Direct Limited (BFSD), in line with the Board of Directors approval of investment of Rs 284 crore. The balance investment of approximately Rs 89 crore is expected to be completed in one or more tranches by the end of the current financial year. The stock is likely to be in focus on Monday. 

52-week high stocks - Axis Bank, Larsen & Toubro, SBI and Titan have hit their 52-week prices amid the benchmark indices settling in red. Keep a close watch on these stocks on Monday.