Overnight Digest: Stocks to keep an eye on August 23

Keep an eye on these stocks in tomorrow's trading session.

In what seems to be the greatest fall in over two months, the markets tanked 1.50 per cent, owing to a panic sell-off by investors after Fed Chairman’s comments on an aggressive rate hike in the upcoming meeting for September.

Sensex closed at 58,773.87, down by 1.46 per cent whereas Nifty 50 dipped 1.51 per cent to end at 17,490.70.    

The shares of Adani Power, Adani Ports & SEZ, Zomato, Adani Green Energy, PVR, Tata Power, and HDFC Bank witnessed a major turnover today.  

Keep a watch on these stocks for Tuesday's trading session -  

Adani Enterprises - Adani Group is anticipated to make an open offer for Rs 31,000 crore next week to public shareholders in order to buy 26 per cent stakes in each of the two Indian-listed companies owned by Swiss company Holcim, Ambuja Cements, and ACC. Adani Group stated in May this year that it had reached an agreement to pay USD 10.5 billion for a majority interest in Holcim Limited's Indian assets. This week, the open offer received approval from the market regulator SEBI. Ambuja Cements and ACC have filed their letters of bid for the open offer made by Endeavour Trade & Investment, a Mauritius-based company owned by Adani family group, in two separate regulatory filings. The shares of Adani Enterprises ended lower by more than 2 per cent on Monday.   

Tata Consultancy Services - TCS announced that Absa Corporate and Investment Bank (Absa CIB) has selected TCS BaNCS™ Global Securities Platform to transform and modernise its investor services offerings as well as enrich customer experience across the trade and corporate actions lifecycle in South Africa.  

Absa CIB is a service leader in the African capital markets industry and has selected TCS BaNCS Global Securities Platform, a next-gen post-trade processing solution, to transform itself. The shares of TCS settled lower by 0.92 per cent on BSE today. 

Greenply Industries: The company and its wholly-owned subsidiary, Baahu Panels Private Ltd, have signed a power purchase agreement (PPA) as well as a shareholders’ agreement (SHA), for a combined SMW capacity with Renew Green (GJ Four) Private Limited, a special purpose vehicle (SPV) promoted by Renew Green Energy Solutions Private Limited (RGS). Greenply Industries Limited will own a 3.12 per cent stake and Baahu Panels would own a 28.08 per cent stake in the SPV while the balance will be held by Renew Green Energy Solutions Private Limited. The scrip closed 1.07 per cent lower on BSE today.