Overnight Digest: Stocks to keep an eye on January 27!
Watch out for these large-cap stocks in Friday’s trading session!
Indian domestic indices opened lower and fell sharply during the session, mostly due to severe losses in power, utilities and banking stocks. The majority of sectors fell over 2 per cent, with only BSE Metals rising. The BSE Sensex plunged 1.27 per cent to 60,205 level at the close. The Nifty 50 index tumbled 1.25 per cent to a level of 17,891.
Watch out for these Large-Cap stocks in Friday’s trading session -
State Bank of India - The bank recently reported that the United Forum of Bank Unions (UFBU) had served a Notice of Strike, informing that the members of the constituent Unions of UFBU propose to go on a nationwide Bank Strike on January 30 and 31, in support of their demands. Shares fell more than 4 per cent, making it one of the worst performers on the Sensex.
Zomato Ltd - On Wednesday, shares of Zomato tumbled nearly 8 per cent, reflecting the bloodbath on domestic indices. Shares have plunged more than 45 per cent in the last year due to worries about the company's profitability.
TVS Motor Company - As compared to other sectors, auto stocks were among the least affected and performed well. Shares of TVS Motor Company led the BSE Auto index with gains of more than 5 per cent. Investors were attracted due to the company’s strong quarterly performance and healthy dividend declaration. The board of directors declared an interim dividend of Rs 5 per equity share of Re 1 each or 500 per cent.