Overnight Digest: Stocks to watch out on October 27

The markets showed good momentum on Tuesday with the advance-decline ratio improving drastically. 

Benchmark indices ended higher for the second consecutive day on October 26 supported by auto, realty and metal stocks. Sensex was up 0.63 per cent at the 61350.26 level, and the Nifty was closed 0.79 per cent higher at the 18268.40 level.

The shares of KEI Industries, Jindal Stainless, Jindal Stainless (Hisar), Minda Corporation, Jagran Prakashan, IDFC, Jindal Saw, Ramco Cements, KPR Mills, HFCL, AU Small Finance Bank, SBI, HDFC, Kotak Mahindra and Tata Motors will be in focus on Tuesday.  

These stocks are likely to be on Wednesday watchlist.

Price Volume Breakout: KEI Industries, Jindal Stainless, Jindal Stainless (Hisar), Minda Corporation, Jagran Prakashan, IDFC, Jindal Saw, Ramco Cements, KPR Mills, HFCL and AU Small Finance Bank are some of the BSE 500 stocks that displayed a price volume breakout on Tuesday. These stocks will be viewed positively in the Wednesday trading session. 

52 Week High Stocks: SBI, HDFC and Kotak Mahindra gained with a spike in volume on Tuesday. These trending stocks also traded at a fresh 52 week on Tuesday. These Nifty 50 stocks will be in focus on Wednesday, October 27. 

Tata Motors: The shares of Tata Motors soared on Tuesday as the market sentiment for the EV car markers improved after Tesla reported a huge order win in US markets. Tata Motors is an intermediate uptrend and has been outperforming markets in recent trading sessions. Tata Motors will be in focus on Wednesday. 

Marubozu Candlestick: The shares of Poonawalla Fincorp gained by more than 3 per cent with a spurt in volume. The stock managed to close at its day’s high, thus forming a bullish Marubozu Candlestick. The shares of Poonawalla Fincorp will be in focus on Wednesday, October 27.