Overnight Digest: Stocks to keep on your radar for January 5

On Tuesday, the benchmark index was up consecutively for the second day in a row as major weightage Reliance Industries supported the upside move with 2 per cent gains. 

Tracking strong momentum of global peers, domestic bourses witnessed positive trend, steered by index heavyweights and gains in financials & consumer durables. Though there are surging covid cases, investor inclination remain positive globally as reports suggest lower impact of the new variant on economic recovery.

Keep a watch on these stocks for Wednesday's trading session:

Alembic Pharma - Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Doxycycline Hyclate Delayed-Release Tablets USP, 75 mg, 100 mg, 150 mg, and 200 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Doryx Tablets, 75 mg, 100 mg, 150 mg, and 200 mg, of Mayne Pharma International Pty. Ltd. (Mayne). The stock has zoomed 3.75 per cent in Tuesday's trading session.

Power Stocks - BSE Power index is up by 2.59 per cent outperforming the benchmark indices in Tuesday's trading session. NTPC, Torrent Power, Powergrid Corporation, Adani Transmission and Adani Green qualified to be the top-performing stocks within the index. Watch out for the power stocks in Wednesday's trading session

Pidilite Industries - The stock of Pidilite Industries has jumped 5.12 per cent in Tuesday's trading session. It has broken the current resistance level and has formed a long green candle on the charts. Also, the stock is trading with a positive RSI & MACD. Keep a watch on this scrip for further trading sessions.

Upper Circuit Stocks - Dwarikesh Sugar Industries, Praj Industries, JP Associates, Bajaj Hindusthan Sugar and Shree Renuka Sugars have hit an upper circuit on Tuesday. Keep these stocks on your radar for Wednesday.