Overnight Digest: Stocks likely to be in focus on August 3

Overnight Digest: Stocks likely to be in focus on August 3

Shreya Chaware
/ Categories: Trending, Mindshare

Keep an eye on these stocks for Wednesday's trading session

The global indicators favoured bears as most Asian as well as Western markets were trading over concerns of rising geopolitical tension between the US and China.  

In a highly volatile session on Tuesday, the benchmark indices closed on a flat note. Sensex was up by 20.86 points or 0.04 per cent at 58,136.36 while Nifty inched higher by 5.50 points or 0.03 per cent at the 17,345.50 level. 

On the sectoral front, PSU bank and power indices gained 2 per cent each while realty index shed 1.7 per cent. In the broader markets, BSE Midcap and Smallcap indices ended in the green zone. 

Keep an eye on these stocks for Wednesday's trading session: 

Adani EnterprisesAdani Data Networks Ltd (ADNL), the digital connectivity solutions arm of Adani Group, has acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band. ADNL secured this spectrum for 20 years in the first-ever 5G spectrum auction conducted by Government of India’s Telecommunications Department. The shares of Adani Enterprises made a new 52-week high price during Tuesday's trading session. 

Persistent Systems - Monument Bank, UK’s first neo bank, has partnered with Persistent Systems to build a bespoke, cloud-native digital banking platform for lending & deposit services to support Monument’s ongoing operations. Persistent has been instrumental in advancing the bank’s strategic goals by helping to build its architecture. The shares of Persistent Systems dipped 1.04 per cent at the end of Tuesday's trading session. 

Zomato - The shares of Zomato gained 20 per cent after the company came out with its June quarter earnings. The company incurred a consolidated loss of Rs 186 crore for Q1FY23, which was nearly half of Rs 359 crore recorded in the same period of the previous quarter. The revenue from operations came in at Rs 1,413.9 crore, zooming 67.44 per cent. The shares got locked in the upper circuit towards the end of the trading session.  

IDFC - In a flat market, the shares of IDFC surged more than 4 per cent on the announcement that Competition Commission of India (CCI) considered & approved the divestment of IDFC Asset Management Company Limited & IDFC AMC Trustee Company Limited by IDFC and IDFC Financial Holding Company. Keep an eye on this stock for the upcoming trading sessions.  

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