Overnight Digest: Stocks likely to be in focus on September 28
The domestic benchmark indices have been at historic highs on Monday. At the end of the trading session, Sensex was up 29.41 points or 0.05 per cent at 60,077.88 level, and the Nifty was up 1.90 points or 0.01 per cent at 17855.10 level.
Looking at the sectoral front, auto and realty indices gained 2.5-3 per cent, while the IT index plunged nearly 3 per cent. In the broader markets, BSE midcap and smallcap indices ended flat.
Following stocks are likely to be in focus on Tuesday:
IndusInd Bank - In a bid to enhance the travel experience, IndusInd Bank has partnered with Vistara - India's premier full-service airline to launch a co-branded credit card. The travel benefits within it include complimentary business class air ticket, Club Vistara Gold membership and lounge access. It also offers foreign currency mark-up on international spending. Despite the news, the stock has traded flat in Monday's trading session and is likely to be in focus on Tuesday.
Happiest Minds Technologies - With a positive outlook, India Ratings and Research has upgraded the Long-Term Issuer Rating of Happiest Minds Technologies to ‘IND A+/Positive’ from ‘IND A-/Positive’. The stock has rattled 1.10 per cent on Monday and is likely to be watched out for in Tuesday's trading session.
Hotel Stocks - The hotel stocks have been in a beautiful spot in Monday's trading session. The stocks have rallied by up to 19 per cent on the BSE on hopes of business revival on piled-up vacation plans, as travel-related restrictions ease. Within the index, EIH Associated Hotels, Chalet Hotels, HLV, Savera Industries and Orient Hotels were the top-performing hotel stocks. Watch these stocks on Tuesday.
IDBI Bank- The stock has jumped 7.47 per cent in Monday's trading session. The stock has given a price volume breakout on Monday. The RSI is trending positive. This stock is likely to be in focus on Tuesday.
52-week high stocks - Kotak Mahindra Bank, NTPC, ONGC and Reliance Industries have made fresh 52-week high in Monday's trading session.