Overnight Digest: Stocks to watch out on December 02

The equity markets managed to close on a positive note in Wednesday's trading session. Sensex gained 1.09 per cent whereas Nifty gained 1.08 per cent on Wednesday. About 1859 shares have advanced, 1323 shares declined, and 130 shares are unchanged.

IndusInd Bank, JSW Steel, Tata Motors, Adani Ports and Axis Bank were among the major Nifty gainers. The losers included Cipla, Divis Labs, Dr Reddy’s Labs, UltraTech Cement and Sun Pharma.

Keep a watch on these stocks for Thursday: 

Metal stocks - The BSE Metal index has outperformed the other sectoral indices on Wednesday. It has zoomed 2.4 per cent on an intraday basis. Stocks of JSW Steel, NMDC, Hindalco, Coal India and Vedanta Limited were the top gaining stocks within the index. Keep a watch on these stocks on Thursday.

IndusInd Bank - The stock has qualified to be the highest gaining stock in large cap space. The stock has gained 5.74 per cent in Wednesday's trading session. On the charts, the stock has shown signs of trend reversal by forming a green candle after a series of red candles formed in previous trading sessions. The RSI indicator has also shown a reversal and hence, the stock is likely to be on investors' radar.

Upper Circuit Stocks - The stocks of Spandana Sphoorty Financial, PNB Housing and IRB Infrastructure Developers were locked in the upper circuit on Wednesday. Keep an eye on them on Thursday.