Overnight Digest: Stocks likely to be on watchlist for October 20

Shreya Chaware
/ Categories: Trending, Mindshare
Overnight Digest: Stocks likely to be on watchlist for October 20 1683 0

On Tuesday, domestic markets advanced on tracking an overnight rise in US stocks. But upside in key indices was majorly capped as traders were cautious after seven days of continuous bullish sentiment in the market.

Sensex settled 0.08 per cent at 61,716.05 level on the downside whereas Nifty ended 0.32 per cent lower at 18,418.75 level. 

In the broader markets, smallcap and midcap indices ended in red. Majority of the sectoral indices plunged up to 4.5 per cent. BSE IT index outperformed the benchmark indices with Larsen & Toubro Infotech being the highest gaining stock within the index zooming up to 15.93 per cent on an intraday basis. 

Keep a watch on the following stocks on Wednesday: 

Tata Consultancy Services - TCS announced that it has partnered with Heritage Life Insurance Company, a US-based provider of insurance and reinsurance services, to transform the customer experience for policyholders in the closed book of business it recently acquired.

DCM Shriram - The company has declared quarterly results for Q2 & H1FY22. Net Revenue was recorded to be up 5 per cent on a YoY basis standing at Rs 2,145 crore. The vinyl business contributed the most in revenue growth with a 94 per cent gain on a YoY basis. PAT for Q2 FY22 was recorded at Rs 159 crore, improving 33 per cent on a YoY basis. 

Bharati Airtel - The company announced the launch of its Video Platform as a Service (CPaaS) – ‘Airtel IQ Video’. The solution has been developed by Airtel’s in-house engineering teams. By leveraging Airtel’s resilient cloud, and cutting-edge video technologies, Airtel IQ Video allows businesses to build world-class video streaming products for large and small screens with minimal investment in infrastructure and technology.

Bullish MACD Crossover: The shares of Mphasis, Coforge, Tech Mahindra, Mastek and Tata Communications displayed a bullish MACD Crossover on Tuesday trading session. These stocks will be in focus on Wednesday. 

Bullish Stochastic Crossover: TCNS Clothing, Oracle, Cyient and Greaves Cotton made a bullish stochastic crossover on Tuesday. These stocks may trade with a positive bias on Wednesday. 

Rate this article:


You don't have permission to post comments.