Overnight Digest: Stocks to watch out for on November 11
On Wednesday, the domestic market continued to trade negatively after a lower opening as inflation worries affected the global markets. However, on a stock-to-stock basis, the market trend was mixed.
IndusInd Bank, Hindalco Industries, Tata Steel, Coal India and JSW Steel were among the major Nifty losers, while gainers included UPL, Bharti Airtel, M&M, Britannia Industries and Sun Pharma.
Keep a watch on these stocks for Thursday's trading session.
Wipro - The company announced that it has been chosen as a strategic partner in the transformation of Aggreko’s, Finance and Procurement function. Aggreko is a world leader in mobile modular power, temperature control and energy services. Wipro has created a customised solution for Aggreko to automate the transactional activities of its Finance and Procurement function and improve efficiency.
Adani Enterprises - The company's shares have hit a five-month high of Rs 1,686 per share on an intra-day basis, in an otherwise cautious market. The stock has rallied 21 per cent during the period. Post the market hours, the company announced that Adani Infrastructure Private Limited, a wholly-owned subsidiary has acquired Mundra Solar Technology Limited having an authorized and paid-up capital of Rs 1,00,000.
Upper Circuit stocks - Amid the cautious market performance on Wednesday, the stocks of Jain Irrigation Systems, Poonawalla Fincorp and Bajaj Hindusthan Sugar have hit an upper circuit gaining up to 4.99 per cent.