Overnight Digest: Stocks to watch out on December 08
On Tuesday, benchmark indices recouped after two days of relentless selling and settled in positive territory led by strong gains in IT, metal and financial shares.
Global markets were seen trading with optimism on talks that the Omicron strain may not be as severe as expected.
Hindalco Industries, Tata Steel, Axis Bank, ICICI Bank and Tata Motors were among the top Nifty gainers on the Nifty. Losers included Cipla, Britannia Industries, Divis Labs, IOC and Asian Paints.
Keep an eye on these stocks for Wednesday's trading session:
Metal Stocks - BSE Metal Index has outperformed the benchmark indices in Tuesday's trading session. It has zoomed up to 3.2 per cent on an intraday basis. Hindalco Industries, SAIL, Tata Steel, Jindal Steel and JSW Steel are some of the top gaining stocks within the metal index.
Hindustan Copper - The stock has jumped 10.06 per cent in Tuesday's trading session ending at Rs 125.80 per share. After trading in a sideways trend for a couple of previous trading sessions, the stock has formed a substantially long green candle on the charts. The RSI is also trading in a positive direction and hence the stock is likely to be in focus on Wednesday.
Infosys - The company announced a strategic collaboration with the Financial Times (FT), one of the world’s leading business news organizations. As the Digital Innovation Partner for the FT, Infosys will leverage digital innovation to support the latest creative and engaging data-led storytelling experiences for FT’s readers, which include some of the world’s most influential decision-makers.
Upper Circuit Stocks - The stocks of Yaarii Digital Integrated Services, Hinduja Global Solutions, PNB Housing, Bajaj Hindusthan Sugar and Trident have locked in the upper circuit, Keep these stocks on your radar for Wednesday.