Overnight Digest: Stocks likely to be in focus on April 11
The total stocks traded today were 3,509, out of which, 2,291 advanced and 1,095 stocks declined.
On Friday, the markets broke the losing streak and ended higher after RBI's Monetary Policy Committee kept the key rates unchanged.
Sensex ended at 59,447 level, up by 412 points as compared to Thursday's closing price. Nifty advanced 145 points to settle at the 17,784 level in a broad-based rally. Both the indices had hit intraday highs of 59,654 and 17,843, respectively.
All the sectoral indices ended higher with FMCG, metal, power, oil & gas indices gaining between 1 and 2 per cent. In the broader markets, BSE Midcap and Smallcap indices rose nearly 1 per cent each.
Keep a watch on these stocks for Monday's trading session -
Adani Transmission - The company's board approved the issuance of 1,56,82,600 equity shares of the face value of Rs 10 each of the company to IHC Capital Holding LLC incorporated under the laws of Abu Dhabi, UAE, or to a subsidiary or an affiliated special purpose vehicle of IHC Capital Holding LLC on a preferential basis. The shares will be issued at a price of Rs 2,454.95 per equity share aggregating to Rs 3,850 crore, subject to the approval of regulatory/statutory authorities. The share has closed 4.36 per cent higher on Friday.
Adani Green Energy- The stock has comforted investors’ eyes, soaring up to 9 per cent on an intraday basis in an otherwise subdued market. The company has scheduled a board meeting on Friday for considering a fundraising proposal by way of a rights issue, preferential allotment, including a qualified institutional placement, or through any other permissible mode and/or combination thereof. The stock surpassed its previous high of Rs 2,325 per share touched on Thursday.
Ruchi Soya - The shares of Ruchi Soya ascended 8 per cent to Rs 883 per share during Friday's intraday trade, continuing its previous trading session's streak after 66.15 million equity shares, which were allotted in follow-on public offering (FPO) that started trading on the exchanges on Friday. It is also trading above its 50 & 100-DMA and is likely to be watched for crossing its 200-DMA in the upcoming trading sessions. The stock also gave a positive RSI breakout during Friday's trading session.
Bandhan Bank - On Friday, the shares of Bandhan Bank started the trading session one per cent lower after the company recorded a series of block deals with around 5.1 crore shares or a 3.1 per cent stake in the bank, changing hands in bunched trades. It is likely that HDFC sold the part stake in Bandhan Bank post the merger announcement. However, the stock of Bandhan Bank zoomed more than 4 per cent, fading all the opening losses.