Overnight Digest: Stocks to keep an eye on February 07!
Watch out for these large-cap stocks in Tuesday’s trading session!
The Indian benchmark indices ended the session lower, dragged down by losses in metals, power and utility stocks, whereas BSE Telecommunication was the best performing sector, gaining more than 3 per cent in an otherwise lacklustre market. The BSE Sensex fell 0.55 per cent to 60,506 level at the close. The Nifty 50 index lost 0.50 per cent to a level of 17,764.
Watch out for these Large-Cap stocks in Tuesday’s trading session -
Indus Towers Ltd - Shares of the company surged about 13 per cent after the government decided to convert the debt-ridden Vodafone Idea's dues into equity. In addition, Bharti Airtel acquired a 23.01 per cent stake in Indus Towers, which is also one of the drivers for the strong rally.
Zydus Lifesciences - In response to the company reporting a robust quarter performance backed by strong US market sales, shares of the pharmaceutical major climbed over 8 per cent and reached a new 52-week high.
Adani Ports and Special Economic Zone - Despite the setback in other Adani Group stocks, shares of Adani Ports and Special Economic Zone extended their rally today, closing more than 9 per cent higher. The company recently reported handling 27.6 MMT of total cargo in January 2023, a growth of 11 per cent year-on-year.
Keep a close eye on these stocks for the upcoming sessions!