Overnight Digest: Stocks likely to be in focus on September 28
Watch out for these stocks for Wednesday's trading session.
On Tuesday, the benchmark indices settled on a flat note in the highly volatile market. Sensex was down 37.70 points or 0.07% at 57,107.52, and the Nifty was down 8.90 points or 0.05% at 17,007.40.
Cipla, Tata Consumer Products, BPCL, Power Grid Corporation and Shree Cements made up the Top Gainers on the Nifty while losers included Hero MotoCorp, Adani Ports, Titan Company, Tata Steel and Kotak Mahindra Bank.
The sectors namely capital goods, power, auto, metals and finance witnessed sellling while buying was seen in pharma, oil & gas, FMCG and IT names.
Watch out for these stocks for Wednesday's trading session:
HCL Technologies - HCL Tech announced that it has been named as Official Cornerstone Partner of MetLife Stadium and Official Digital Transformation Partner of New York Giants, New York Jets, and MetLife Stadium – enriching what it means to be a fan in the digital age. This supports the company’s focus and new brand positioning: Supercharging Progress TM, which was unveiled recently. The shares of HCL Technologies rose more than a per cent on Tuesday.
HFCL - The company has received purchase orders aggregating to Rs 202.60 crore, consisting of purchase orders of Rs 167.60 crore from Reliance Retail Limited and Reliance Projects & Property Management Services Limited for the supply of optical fibre cables and Rs 35 crore from one of the overseas customers for the supply of various types of OFC & its related accessories. The shares of HFCL gained more than 2 per cent during Tuesday's trading session.
Metro Brands - The shares of Metro Brands hit a new high of Rs 948.85, jumping 6 per cent during Tuesday's intraday trade, owing to a strong business outlook. The stock crossed its previous high of Rs 935 made on September 23, 2022. Metro Brands is one of the largest Indian footwear speciality retailers. The company has portrayed strong growth, both in terms of volumes and value, across all its formats & tiers despite the challenging global operating environment.
Tata Steel - The shares of Tata Steel touched a two-month low of Rs 96.55, tumbling 3 per cent on BSE during Tuesday’s trading session. The stock rattled 7 per cent in the past two trading days. The scrip faded all the gains recorded after the board of directors of Tata Group approved the amalgamation of all metal companies into Tata Steel last week.