Overnight Digest: Stocks to keep an eye on December 05!

Watch out for these stocks in Monday’s trading session!

Due to losses in the majority of sectors, Indian benchmark indices halted a long winning streak and closed Friday's session lower. The worst-performing sectors were BSE Power, BSE Auto and BSE Utilities, all of which suffered losses of over 1 per cent, whereas BSE Realty surprised investors by posting gains of about 1 per cent in such a weak market. 

The BSE Sensex declined 0.66 per cent to 62,868 level at the close. The Nifty 50 index dropped 0.62 per cent to a level of 18,696. 

Watch out for these stocks in Monday’s trading session: 

HDFC Bank - The largest private sector bank announced that it had raised Rs 15,000 crore (15,000 bonds of face value Rs 1 crore each) in long-term resources by issuing 7.86 per cent unsecured, subordinated, fully paid-up, non-convertible, Basel III Compliant Tier 2 bonds through a private placement. This was done to increase the bank's tier 2 and overall capital, to strengthen its capital adequacy. 

Godrej Properties - The leading developer of real estate declared that it has purchased an 18.6-acre piece of land in Kandivali (Mumbai). With an anticipated revenue potential of close to Rs 7,000 crore, the project will have a total developable area of about 3.72 million square feet. Shares of Godrej Properties finished the session 0.55 per cent higher. 

One 97 Communications (Paytm) - The business will resubmit its PA license application to the RBI and is still hopeful about being approved one. Following the management's encouraging statement on growth and profitability, investors changed their stance on One 97 Communications to optimistic. With a gain of about 18 per cent during the last five trading sessions, shares soared more than 7 per cent on Friday.