Overnight Digest: Stocks to keep an eye on December 19!
Watch out for these stocks in Monday’s trading session!
The latest interest rate hike by the Federal Reserve pushed global markets into a nosedive. With all sectoral indices closing the session down, Friday witnessed a significant decline in Indian headline indices. The BSE Sensex tumbled 0.75 per cent to 61,337 level at the close. The Nifty 50 index fell 0.79 per cent to a level of 18,269.
Watch out for these stocks in Monday’s trading session –
HCL Technologies - The board of directors of the company will meet on January 12, 2023, to discuss distributing the fourth interim dividend for the financial year 2022-2023. Subject to the approval, January 20, 2023 will act as the record date for determining the shareholders' eligibility to receive the interim dividend.
Hindustan Petroleum Corporation - For the purpose of refinancing existing debt and supporting capital expenditures, the company issued unsecured, redeemable, non-cumulative, non-convertible, taxable debentures of Rs 10 lakh each, totaling Rs 750 crore.
Wipro Ltd - In order to accelerate digital transformation for corporate banks in the Middle East, the leading technology services and consulting company established a partnership with Finastra, a prominent global provider of financial software applications.
Despite the weak session, sugar stocks shot up as the government announced that it will raise the sugar export quota for the year 2022-23. Sakthi Sugars, Simbhaoli Sugars and Bajaj Hindusthan Sugar were the stocks that were heavily purchased. Keep a close eye on these stocks for the upcoming sessions.