Overnight Digest: Stocks to keep an eye on March 06!

Watch out for these large-cap stocks in Monday’s trading session!

The Indian benchmark indices started Friday’s trading session with a bang, with strong gains across multiple sectors. Banks, financial services, utilities and power stocks led the significant rally, while BSE Healthcare and BSE Auto were the least gaining sectors. The BSE Sensex soared 1.53 per cent to 59,808 level at the close. The Nifty 50 index climbed 1.57 per cent to a level of 17,594.  

Watch out for these Large-Cap stocks in Monday’s trading session -  

State Bank of India - With gains of more than 2 per cent, BSE Bankex was the top gaining sector, led by State Bank of India. Shares of the bank soared more than 5 per cent and outperformed other Sensex constituents by a wide margin. The bank recently said to have raised $1 billion through a syndicated social loan from global banks for further lending.    

Adani Enterprises - Mundra Aluminium Limited (MAL), a wholly owned subsidiary of the company, recently participated in the auction proceedings invited by Government of Odisha and has been declared as ‘Preferred Bidder’ and subsequently a Letter of Intent has been issued by Govt of Odisha in respect of the Ballada Bauxite Block in Odisha. Shares ended the session more than 16 per cent higher and have soared over 43 per cent in the last five trading sessions.  

Mahindra & Mahindra Financial Services - The company, part of the Mahindra Group, launched a specialized end-to-end digital journey named ‘Used Car Digi Loans’. This offering has been launched in association with Car&Bike (by Mahindra First Choice Wheels) & Rupyy (by Cardekho), the leading brands in the used car industry.