Overnight Digest: Keep an eye on these stocks on October 4
Among the sectors, pharma, metal, PSU Bank and energy sectors witnessed buying, while selling was seen in the realty, bank and IT sectors.
At the end of the trading session on Friday, Sensex was down 360.78 points or 0.61 per cent settling at 58,765.58 level, and the Nifty was down 86.20 points or 0.49 per cent closing at 17,532 level.
Among the sectors, pharma, metal, PSU Bank and energy sectors witnessed buying, while selling was seen in the realty, bank and IT sectors. In the broader markets, BSE Smallcap index was 0.48 per cent up whereas BSE Midcap index contracted 0.11 per cent.
Keep a watch on these stocks for Monday:
Ipca Laboratories - The company announced that its wholly-owned subsidiary, Ipca Pharmaceuticals, Inc, USA has acquired on September 30, 2021, a further 20 per cent share capital of Sayshore Pharmaceuticals LLC (Sayshore), a New Jersey limited liability company for cash at USD 1.2 million. With this acquisition, Sayshore is now wholly owned by Ipca Pharmaceuticals, Inc, the company's wholly-owned subsidiary.
Upper Circuit stocks - Amid the cautious trading of equity markets on Friday, the stocks of V.S.T Tillers Tractors, Nelco, Trident, Gateway Distriparks, Tejas Networks hit the upper circuit and have exhibited gains up to 10 per cent. They are likely to be in focus on Monday.
UPL - The company has launched a smart technology-driven seed treatment solution “ELECTRON” 3-WM (3-Way Mix)" in the Seed & Plant Health Segment. Keeping farmer's needs first, the product is cost-effective as it reduces the need for foliar applications in the initial stage of the plant cycle, which leads to a decrease in the cost of production. The stock has ended in green on Friday and is likely on the watchlist on Monday.
Auto Stocks - The auto stocks are likely to be in focus for the coming trading sessions on the back of an announcement by the companies of the sales numbers for the month of September 2021. Keep a watch on the auto stocks on Monday.