Overnight Digest: Stocks likely to be in focus on September 15
Watch out for these stocks for Thursday's trading session
The domestic market indices displayed an attractive strength today as the benchmark indices settled marginally lower. The volatility index i.e. India VIX zoomed 5 per cent. Sensex recovered 930 points from the day's low, closing at 60,347, which was 224 points or 0.37 per cent lower. Meanwhile, Nifty 50, climbed from a low of 17,771 to end at 18,004, down by 66 points or 0.37 per cent.
Among the sectors, IT stocks turned out to be the Top Losers with TCS, Infosys, HCL Tech & Tech Mahindra losing between 2 per cent and 4 per cent. On the other hand, the bank stocks led the rally with IndusInd Bank, SBI and Kotak Mahindra Bank emerging as the top Nifty gainers. Metals shined as Nifty Metal added 1.5 per cent with Vedanta being the top-gaining stock, ending the day 10 per cent higher.
Watch out for these stocks for Thursday's trading session -
Vedanta - The shares of Vedanta skyrocketed 11 per cent in an otherwise substantially falling market. The shares of Vedanta soared, reacting optimistically to the announcement (made in the previous trading session) that Vedanta Ltd and Taiwan's Foxconn will invest $19.5 billion to set up semiconductor & display production plants in Gujarat, the home state of Indian Prime Minister Narendra Modi.
Ambuja Cements - The shares of Ambuja Cements touched a new high of Rs 503 during Wednesday's trading session despite the overall market weakness. The upmove came after the company said that its board will meet on September 16 (Friday) to consider and evaluate a proposal for fundraising. The shares of Ambuja Cements closed the trading session 6.68 per cent higher.
Kalyan Jewellers India - In an otherwise bearish market, the shares of Kalyan Jewellers shot up by 12 per cent on an intraday basis. The share price has topped its issue price for the first time in trading. Being one of India's largest jewellery retailers, Kalyan Jewellers has a key business, which includes design, manufacture as well as the sale of a variety of gold, studded, and other jewellery products for various occasions, including weddings & daily wear.
Price volume breakout stocks - Catching investors' attention in a declining market, the shares, which showed a price volume breakout during Wednesday's trading session included JK Lakshmi Cement, Bajaj Holdings & Investments, Equitas Small Finance Bank, Westlife Development, and NTPC.