Overnight Digest: Stocks to keep an eye on December 01!
Watch out for these stocks in Thursday’s trading session!
The closing rally in Indian headline indices was fueled by gains in utilities, power, metal and auto sector stocks. Both indices reached new all-time highs, with the BSE Sensex breaking beyond the 63,000 mark. The BSE Sensex surged 0.67 per cent to 63,099 level at the close. The Nifty 50 index gained 0.75 per cent to a level of 18,758.
Watch out for these stocks in Thursday’s trading session -
Biocon Ltd - A subsidiary of Biocon, Biocon Biologics Ltd, announced that it has successfully completed the multi-billion dollar (USD) acquisition of its partner Viatris Inc's global biosimilars business. The acquisition brings Biocon Biologics closer to patients and clients by giving it direct commercial capabilities and supporting infrastructure in a number of emerging regions as well as advanced markets. Shares finished 0.39 per cent higher after fluctuating between gains and losses.
Tata Consultancy Services - The business announced that it has been chosen by the Rail Delivery Group (RDG) to design, develop, implement and operate the UK's Rail Data Marketplace. The agreement between TCS and RDG is for a six-year period with the possibility of an extension.
Zomato Ltd - Following over 4 per cent of equity changing hands via block trades, shares of the company soared and ended the session 3.54 per cent higher on the National Stock Exchange (NSE). Through a block deal, Alibaba Group Holding intends to sell a roughly 3 per cent stake in Zomato for USD 200 million.