Overnight Digest: Stocks to be kept an eye on October 4
Watch out for these stocks for Tuesday's trading session.
The domestic markets commenced the week on a negative note and fell over a per cent, owing to weak global cues. Sensex was down by 638.11 points or 1.11 per cent at 56,788.81 while Nifty plunged 207 points or 1.21 per cent at 16,887.30.
Adani Enterprises, Eicher Motors, Adani Ports, Maruti Suzuki, and Tata Consumer Products were among the Top Losers on Nifty while the gainers included ONGC, Dr Reddy's Laboratories, Cipla, BPCL & Coal India. Apart from pharma, all other sectoral indices ended lower.
Watch out for these stocks for Tuesday's trading session:
FSN E-commerce - The shares of FSN E-commerce, operating under the brand Nykaa, jumped up to 11 per cent to Rs 1,411.80 during Monday’s trading session after the company’s board approved bonus shares in the ratio of 5:1. The stock now trades at its highest level since August 19.
Infosys - The shares of Infosys are likely to be in focus for the upcoming trading sessions as the company announced that it will declare its Quarterly Results for the quarter that ended September 30, 2022, on October 13, 2022. Its shares closed the trading session 1.35 per cent lower on Monday.
Pharma stocks -The pharma stocks were in a buzz today as Nifty Pharma index outperformed the benchmark index on a robust business outlook for pharma companies. Nifty Pharma and BSE Healthcare indices were up by 2 per cent each. Among the individual stocks, Lupin and Aurobindo Pharma surged between 5 per cent and 6 per cent.
Price volume breakout stocks - In a bearish market today, the stocks that showed a price volume breakout included Triveni Turbine, CSB Bank, Lupin, Finolex Industries, and Sanofi India.