Overnight Digest: Stocks likely to be in focus on April 6
On BSE Sensex, the top stocks were Titan, ITC, NTPC, TCS, Nestle India, and Asian Paints whereas top losers were Bajaj Finance, Infosys, Reliance Industries, and Kotak Mahindra Bank.
On Tuesday, the Indian markets ended lower after clocking two-month highs in the previous trading session, as investors booked profits in HDFC Bank and HDFC along with other heavyweights in the index.
The benchmark indices erased the morning gains and Sensex settled 435.24 points or 0.72 per cent lower at the 60,176.50 level while Nifty contracted 96 points or 0.53 per cent at the 17,957.40 level.
On the sectoral front, auto, FMCG & power indices rose between 1 and 3 per cent while the banking index was down by a per cent. In the broader markets, BSE Midcap and Smallcap indices added 1 per cent each.
Keep these stocks on your radar for Tuesday's trading session:
Zomato - The shares of this food delivery company slipped to Rs 82.15 during Tuesday's trading session on the back of heavy volume following reports that Competition Commission of India (CCI) on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners. The share closed 2.9 per cent lower on Tuesday.
Havells India - The stock of this air conditioner company was on a hot plate today. It has zoomed over 6 per cent on an intraday basis. On the charts, the stock has touched its 100-DMA & 200-DMA price and is on the verge of crossing the key moving averages along with a positive breakout expected in RSI. There was also a decent spur in the volumes traded for the stock during Tuesday's trading session. In the past one month, the stock has gained about 13 per cent and outperformed the broader market as well as its peers.
SBI Cards & Payment Services - The shares of this company contracted 5 per cent to Rs 836 per share during Tuesday’s trading session after over 3 per cent equity of the company changed hands at the counter via block deals. As per reports, private equity firm Carlyle Group was to sell its entire stake in the company for as much as Rs 2,558 crore via a block trade. The share closed 4.14 per cent lower on Tuesday.
Mindtree - The company has made a strategic investment in COPE Health Solutions, a leading US healthcare consulting, implementation, and co-management leader in value-based care & payment, workforce development as well as data analytics, to expand its healthcare business. With this investment, Mindtree will be able to leverage the consulting, data analytics & management capabilities of COPE Health Solutions to expand its provider as well as payer footprint and also, drive growth in areas such as value-based care, population health management, and connected health. The share has closed 1.47 per cent higher today.