Overnight Digest: Stocks likely to be in focus on June 29
About 1737 shares have advanced, 1460 shares declined, and 139 shares are unchanged.
Benchmark indices settled the trading session on a flat note with Sensex settling 16.17 points or 0.03 per cent up at 53,177.45 level while Nifty was 18.20 points or 0.11 per cent up at 15,850.20 level.
ONGC, Hindalco Industries, M&M, Coal India and HDFC Life were among the top Nifty gainers. The losers were Titan Company, Asian Paints, Bajaj Finserv, Divis Labs and Adani Ports.
On the sectoral front, auto, metal, and oil & gas indices rose between1 to 2 per cent while some financial stocks experienced selling pressure. In the broader markets, BSE midcap and smallcap indices ended flat.
Watch out for these stocks for Wednesday's trading session-
Oil stocks - The shares of oil refining companies, especially those that export refined products, were seen gaining from higher crude oil prices as they improve margins. Some of the oil stocks witnessed huge buying interest along with hitting the upper circuit. The shares of Mangalore Refinery & Petrochemicals (MRPL), as well as Chennai Petroleum Corporation, jumped around 10 per cent each while Oil India and Reliance Industries climbed 4 per cent & 1 per cent, respectively.
Hindustan Aeronautics - The company’s board, at its meeting held today, has recommended a final dividend of Rs 10 per equity share of Rs 10 each fully paid-up (100 per cent) for the financial year 2021-22, subject to the approval of the members of the company at the ensuing annual general meeting. After opening in green, the shares of Hindustan Aeronautics traded flat during Tuesday's trading session. The shares ended 0.59 per cent lower.
Tata Motors - The company announced an impending price hike in its commercial vehicle range. An increase in price in the range of 1.5-2.5 per cent will come into effect from July 1, 2022, across the range, depending upon the individual model & variant. The shares of Tata Motors traded flat on Tuesday and are likely to be in focus for Wednesday's trading session.
TVS Motor - In an otherwise weak market, the shares of TVS Motor traded 2.3 per cent higher to Rs 819 per share after the company shared plans to introduce electric vehicles (EVs) in two and three-wheeler categories. The company plans to introduce EVs under the 5 to 25-kilo watt range for two and three-wheelers. The auto-major plans to ramp-up its presence to most of the cities across the country.