Overnight Digest: Stocks to keep an eye on January 30!
Watch out for these large-cap stocks in Monday’s trading session!
The power, utilities and oil & gas sectors suffered massive losses on Friday, plunging Indian benchmark indices into a bloodbath. The only gaining sectors that attempted to lift the indices were BSE Auto and BSE Healthcare. The BSE Sensex tumbled 1.45 per cent to 59,330 level at the close. The Nifty 50 index plunged 1.61 per cent to a level of 17,604.
Watch out for these Large-Cap stocks in Monday’s trading session -
Tata Motors - Because of the company's robust quarter performance, shares of the company ended the session over 6 per cent higher and helped BSE Auto post gains despite a weak market session. The business recently declared that it had terminated its ADS (American Depositary Shares) Program and delisted from the NYSE.
Dr Reddy's Laboratories - After the pharmaceutical major announced a remarkable rise of over 75 per cent in net profit, shares of the company surged 2.78 per cent on Friday. Healthcare stocks were the least impacted, allowing the sectoral index BSE Healthcare to finish the session in the green territory.
Adani Group stocks - Following allegations made by the US-based investment research firm Hindenburg Research, all Adani group stocks have taken a beating. Shares of Adani Green Energy, Adani Transmission and Adani Total Gas all closed with 20 per cent lower circuits, while Adani Power and Adani Enterprises experienced sharp declines.