The NIFTY opened at 16984.30 with a gap up of 39 points. The index initially moved lower, filled the gap but soon found support and started an upside move. The rally faced strong resistance around 17050 and started a consolidation process within the 16980-17050 range. That range eventually breaks on the upside and prices have rallied higher. However, another decline came in the last hour of trading and prices finally closed at 16985.70 almost at its opening tick with a gain of 40.65 points or0.24% up. The MEDIA and REALTY led the bears today and ended with a loss of over 1% followed by AUTO. PHARMA outperformed today and gained 1.08% followed by FMCG which ended 0.28% higher. It was a volatile day today in the NIFTY index where prices moved sharply in both directions and finally ended near the opening tick with marginal gains. It was also a narrow-range day as prices remained within the previous day’s trading range.


The BANK NIFTY opened at 39484.70 with a gap up of 133 points. The index initially moved lower but soon found support and turned up. Prices have found resistance and turned down. The index again rallied, this time more sharply and recorded its intraday high at 39695.20. Prices have again moved down towards the end, recorded its intraday low at 39273.75 and finally closed at 39309.45 with a loss of just 42 points. PVT BANK has underperformed today, saw an intraday decline, and closed lower by 0.17% PSU BANK has outperformed today and closed with a gain of 0.26%. Within the index, in terms of points, SBIN contributed the highest on the upside while ICICI BANK contributed the lowest. The index first breaks the high recorded around 39500 and then breaks the low also recorded around 39320, Since we suggested taking two trades so we incurred a loss of almost 360 points. A narrow trading range inside 38500-40000 remained intact.


DALMIA BHARAT 1869.30 BUY The stock has given a breakout on the intraday and the daily chart. The stock can be bought above 1873 with a stop loss of 1859.25 and a target of 1900.
CUMMINSIND 1585.55 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1580.45 with a stop loss of 1605.10 and a target of 1539.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
KOTAK BANK (APRIL EXP)   1700 PE SELL 28.40 BELOW 24.40 29.10 17.30 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BIOCON.23.03 Mar 206.6 4.13 -49.06 17139600 IEX.23.03 Mar 134.25 -6.28 -26.69 17643750
GLENMARK.23.03 Mar 441.05 3.46 -27.11 2897100 IDEA.23.03 Mar 6.1 -3.17 -22.26 263270000
LUPIN.23.03 Mar 660.4 2.88 -45.04 3084650 TORNTPOWER.23.03Mar 489.45 -3.07 -10.17 2464500
HAL.23.03 Mar 2639 2.6 -14.41 2137800 TATAPOWER.23.03 Mar 187.05 -2.86 -28.39 52116750
METROPOLIS.23.03 Mar 1237.45 2.5 -35.29 532400 GNFC.23.03 Mar 500.6 -2.8 -43.61 3318900


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2499 0.73 1387736 1055588 72.83 Nifty50 16985.7 0.24 25145791
Power Grid Corporation o 220.1 -1.03 14987800 5570504 71.61 Niftybank 39431.3 0.09 10826759
Crompton Greaves Consume 295.95 0.75 2999343 3436200 70.8 Nifty it 27948.7 0.05 724056
Marico Limited 479.75 0.53 1033080 726089 70.36 India Vix 15.44 1.31 274995515
Itc Ltd. 380.2 0.4 10816352 6876733 69.22 Nifty Fmcg 45188 0.28 377847
Metropolis Healthcare Li 1233.05 2.46 230838 177161 66.7 Nifty Pharma 11882.75 1.08 36011914
Cipla Ltd 889.3 1.37 3986238 2087800 65.94 Nifty Realty 376.55 -1.16 1126605277
Sun Pharma  Ltd 983.45 1.09 2473222 986057 64.27 Nifty Auto 12035.1 -0.65 35429702
Bata India Ltd. 1399.3 -1.21 276549 531488 63.01 Nifty Metal 5372.85 0 79383895
Infosys Limited 1388.95 0.6 4170193 4757124 62.93 Nifty Financial Services 17616.05 -0.04 4952325


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Feb) 31st March, 2023

INR: Infrastructure Output (YoY) (Feb) 31st March, 2023

 USD: CB Consumer Confidence (Mar) on 28th March, 2023

USD: Pending Home Sales (MoM) (Feb) on 29th March, 2023


  • NIFTY:

    Benchmark indices ended marginally higher on March 27 amid high volatility. The Sensex was up 126.76 points or 0.22% at 57,653.86, and the Nifty was up 40.70 points or 0.24% at 16,985.70. About 899 shares advanced, 2649 shares declined, and 138 shares unchanged.

  • NIFTY:

    Oyo Hotels is reducing the shares it aims to sell via a stock-market debut by about two-thirds, an effort by its founder to get the sale done even after tech valuations plunged.

  • NIFTY:

    Mamaearth CEO and co-founder Varun Alagh on March 27 “dismissed” as baseless the reports that said the skincare company had scrapped its initial public offering (IPO) plan.

  • NIFTY:

    India has reported 1,805 new coronavirus cases, while the active cases have surpassed the 10,000-mark after 134 days, according to Union Health Ministry data updated on March 27.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
7TEC General 28-Mar-23 SCTL Preferential Issue of shares 28-Mar-23
ADITYA General 28-Mar-23 SHABCHM General 28-Mar-23
ASMS Preferential Issue of shares 28-Mar-23 VEDL Interim Dividend 28-Mar-23
ENCASH General 28-Mar-23 WARDWIZFBL General;Preferential Issue of shares 28-Mar-23
FLOMIC General 28-Mar-23 ADROITINFO A.G.M. 29-Mar-23
GAL Issue Of Warrants;General;Preferential Issue of shares 28-Mar-23 FILATFASH General 29-Mar-23
HONDAPOWER General 28-Mar-23 GENSOL General 29-Mar-23
IFCI Preferential Issue of shares 28-Mar-23 GETALONG General 29-Mar-23
KREONFIN General 28-Mar-23 KAVVERITEL General 29-Mar-23
MODULEX Quarterly Results 28-Mar-23 MARIS General 29-Mar-23
MOSCHIP Preferential Issue of shares 28-Mar-23 PNB General 29-Mar-23
NHPC General 28-Mar-23 RESPONSINF Preferential Issue of shares 29-Mar-23
NINSYS General 28-Mar-23 RGRL General 29-Mar-23
PNBHOUSING Right Issue of Equity Shares;General 28-Mar-23 SIRCA Bonus issue;Increase in Authorised Capital 29-Mar-23
PRIMIND Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 28-Mar-23 SRGHFL Employees Stock Option Plan 29-Mar-23
RUSHIL General;Rights Issue 28-Mar-23 SUPRAP General 29-Mar-23
SAMOR General 28-Mar-23 TALBROSENG General 29-Mar-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BCONCEPTS 29-Mar-23 Interim Dividend – Rs. – 0.5000 MKVENTURES 03-Apr-23 Right Issue of Equity Shares
BHARATAGRI 29-Mar-23 Stock  Split From Rs.10/- to Rs.1/- TEAMLEASE 03-Apr-23 Buy Back of Shares
HINDZINC 29-Mar-23 Interim Dividend – Rs. – 26.0000 SKCIL 05-Apr-23 E.G.M.
MIRZAINT 29-Mar-23 Spin Off RVNL 06-Apr-23 Interim Dividend – Rs. – 1.7700
SBICARD 29-Mar-23 Interim Dividend – Rs. – 2.5000 SHREESEC 06-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
SEPC 29-Mar-23 Right Issue of Equity Shares VEDL 06-Apr-23 Interim Dividend
SYMPHONY 29-Mar-23 Buy Back of Shares SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000
AEPL 31-Mar-23 Stock  Split From Rs.10/- to Rs.1/- MUTHOOTFIN 18-Apr-23 Interim Dividend
ANGELONE 31-Mar-23 Interim Dividend – Rs. – 9.6000 HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
AVANCE 31-Mar-23 Stock  Split From Rs.10/- to Rs.5/- JETINFRA 21-Apr-23 Bonus issue 1:1
CRISIL 31-Mar-23 Final Dividend – Rs. – 23.0000 NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
DWARKESH 31-Mar-23 Interim Dividend – Rs. – 2.0000 VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
GPIL 31-Mar-23 Buy Back of Shares ABB 27-Apr-23 Dividend – Rs. – 5.5000
IGL 31-Mar-23 Interim Dividend – Rs. – 10.0000 HCLTECH 28-Apr-23 Interim Dividend
SCI 31-Mar-23 Spin Off KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
HCKKVENTURE 03-Apr-23 E.G.M. SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000

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