Overnight Digest: Stocks to be kept on radar for January 20
Asian Paints, Shree Cements, Infosys, Grasim Industries and HUL were the top Nifty losers, while gainers included ONGC, Tata Motors, SBI, Coal India and UPL.
On Wednesday, the benchmark indices continued the selling on the second consecutive day with Nifty below 18,000. At close, the Sensex was down 656.04 points or 1.08 per cent at 60,098.82 level, and the Nifty was down 174.60 points or 0.96 per cent at 17,938.40 level.
The sectoral indices experienced a mixed trend with auto, metal, power and oil & gas indices ended in the green, while selling was seen in the bank, FMCG, IT, pharma and realty sectors. BSE midcap index fell 0.3 per cent and smallcap index ended flat.
Keep a watch on these stocks for Thursday's trading session:
Tata Motors - The company has forayed into the CNG segment with the launch of Tiago and Tigor trims, priced between Rs 6.09 lakh and Rs 8.41 lakh respectively (ex-showroom Delhi). The Tiago iCNG range is priced between Rs 6.09 lakh and Rs 7.64 lakh while the three variants of Tigor iCNG are tagged at Rs 7.69 lakh, Rs 8.29 lakh and Rs 8.41 lakh, respectively. With the launch, the homegrown auto major plans to strengthen its position in the CNG market which has been growing at a fast pace. The share of Tata Motors has zoomed 2 per cent in a bearish Wednesday's session.
Hitachi Energy India - The company has won orders exceeding Rs 160 crore for its key electric components to support the electrification of the country’s rail routes. As the operator of the world’s fourth-largest railway network, Indian Railways strives to achieve 100 percent electrification of broad-gauge routes by 2023. The share of Hitachi Energy India has jumped beyond 5 per cent in Wednesday's trading session.
Sterlite Technologies - The stock has rattled beyond 7 per cent in Wednesday's trading session. The company declared its quarterly results for Q3FY22. The company posted net loss at Rs 137.1 crore in Q3FY22 against a profit of Rs 86.6 crore in Q3FY21 and revenue was up 3.1 per cent at Rs 1,355.5 crore versus Rs 1,314.4 crore on a YoY basis. Earnings before interest, tax, depreciation and amortization (EBITDA) loss was at Rs 50.7 crore against EBITDA of Rs 230.1 crore in Q3FY21.
TVS Motor Company - The company announced the launch of its motorcycle TVS Star HLX 150 Disc Variant in Egypt. The company is launching the product to offer an attractive personal mobility option to rural and urban Egyptian commuters. TVS HLX has recently crossed a sales milestone of two million units across global markets.