Overnight Digest: Stocks to keep an eye on May 19!
Watch out for these large-cap stocks in Friday’s trading session!
Indian headline indices ended the session significantly lower despite starting higher, primarily due to heavy losses in the power, utilities and oil & gas sectors. The only sectors that gained were BSE Financial Services and BSE Bankex.
The BSE Sensex lost 0.21 per cent to 61,431 level at the close. The Nifty 50 index declined 0.28 per cent to a level of 18,129.
Watch out for these Large-Cap stocks in Friday’s trading session -
GAIL (India) Ltd - The net profit of the company plunged by more than 77 per cent while revenue from operations surged by about 21 per cent year-on-year. Shares of the company dropped sharply, ending the session 3.41 per cent lower.
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Honeywell Automation India Ltd - Following the company's release of robust quarter results and dividend announcement, shares of Honeywell Automation India Ltd ended the session more than 7 per cent higher, making them the top gainer among the BSE Midcap pack.
JSW Steel - The company announced that it has been declared as a ‘Preferred Bidder’ vide communication received from the Directorate of Geology and Mining, Maharashtra for composite licence of an unexplored iron ore mine (Surjagad 4 Iron Ore Block in Gadchiroli District) in the state of Maharashtra.