Overnight Digest : Stocks to be watched out for on October 28
The benchmark indices opened with a small gap in Wednesday's trading session but were unable to sustain on highs and exhibited profit booking closing the day in red and forming a bearish candle on the daily chart.
At close, the Sensex was down 206.93 points or 0.34 per cent at 61143.33 level, and the Nifty was down 57.40 points or 0.31 per cent at 18211 level. About 1672 shares have advanced, 1378 shares declined, and 109 shares are unchanged.
On the sectoral front, metal, infra, oil & gas bank and auto indices settled lower, while buying was witnessed in the PSU Bank, pharma, IT and realty names. In the broader markets, BSE midcap and smallcap ended flat.
Keep a watch on these stocks for Thursday's trading session -
Cyient - The company, on Wednesday announced the launch of its management consulting practice under the umbrella of Cyient Consulting. This marks Cyient’s first foray into this space. The global management consulting services market is expected to cross $1.2 Trillion by 2025.
Jubilant Foodworks - Jubilant Foodworks Limited has entered into an agreement to acquire 35 per cent stake in Hashtag Loyalty Private Limited. This investment reflects the Company’s intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology.
Wipro - The company announced the partnership with Micro Focus to launch the Legacy Migration and Modernisation Lab collaborating with Amazon Web Services (AWS). This lab, hosted at Wipro’s AWS Launchpad in Parramatta, Australia, will allow companies in Australia and New Zealand (A/NZ) to experience hands-on demonstration of tools and accelerators that can help optimise mainframe application capabilities for the cloud.
IIFL Finance- The stock has locked in upper circuit in Wednesday's trading session. The company reported its quarterly results for quarter ended September 30, 2021. Net profit grew 128 per cent on a YoY basis in H1FY22 to Rs 557 crore. The quarterly net profit stood at Rs 292 crore, up 37 per cent YoY and 10 per cent QoQ.