The NIFTY opened at 19822.70 with a gap up of just 11 points. Prices have recorded its intraday high at 19843.30 just above the opening tick and started drifting downwards. The down move was sharp but not in terms of point. The index recorded its intraday low at 19772.65 and then bounced up. The rally found resistance in the afternoon and prices again moved down. The NIFTY kept sliding lower until the end but could not break early morning lows. The index finally closed at 19794 near yesterday’s closing price with a loss of just 17.35 points or 0.09% down. MEDIA outperformed, saw a sharp upside move, and closed with a gain of 3.02% followed by OIL GAS, AUTO, and METAL. IT underperformed and ended with a loss of 1.67%. Support is now visible around 19500 while the resistance may emerge around 20000 levels.


The BANK NIFTY opened at 44571.55 with a gap up of 52 points. The index initially moved higher but found resistance quickly and started drifting downwards after recording its intraday high at 44693.05. Prices did not move much on the downside and soon started a consolidation process. The index recorded its intraday low at 44530.05 in its initial trades and remained inside its morning range for the whole day to finally end at 44570.85 with a gain of just 51 points. PSU BANK has underperformed, saw a mild downside move, and ended with a loss of just 0.09%. PVT BANK has outperformed, saw a mild up move, and closed with a gain of 0.24%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest. The short-term trend is sideways. A trading range is now visible on the daily timeframe chart with support around 43800 and resistance around 44800.


METROPOLISH HEALTHCARE 1506.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1513.25 with a stop loss of 1494.40 and a target of 1550.25.
TATA COMM 1815.80 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1810.45 with a stop loss of 1827.20 and a target of 1774.65.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
M&M  1570 CE BUY 26.30 CMP 23.95 31.00 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GAIL.23.10 Oct 129.5 4.31 3.92 152219400 TECHM.23.10 Oct 1201.25 -2.54 5.23 12568800
NATIONALUM.23.10 Oct 100.2 4.21 10.24 64275000 APOLLOHOSP.23.10 Oct 5003.85 -2.16 6.8 2548500
BOSCHLTD.23.10 Oct 20503.3 4 12.32 121750 TCS.23.10 Oct 3540.25 -2.08 15.55 10768100
PVRINOX.23.10 Oct 1770.2 3.93 2.2 5606018 HCLTECH.23.10 Oct 1213.65 -1.76 6.59 12018300
IGL.23.10 Oct 480.3 3.92 2.22 11147125 INFY.23.10 Oct 1461.6 -1.51 14.96 19693600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NMDC.23.10 Oct 159.25 5.64 -5.79 107284500 MCX.23.10 Oct 2098.1 -2.2 -7.73 1995200
METROPOLIS.23.10 Oct 1509.05 3.41 -6.98 1524800 IBULHSGFIN.23.10 Oct 175.8 -1.62 -0.56 54932100
JUBLFOOD.23.10 Oct 543 2.51 -5.02 20868750 GODREJPROP.23.10 Oct 1707.8 -1.55 -4.15 3747750
JKCEMENT.23.10 Oct 3270.45 2.21 -0.13 786000 OFSS.23.10 Oct 4103.7 -1.53 -2.29 333400
HINDCOPPER.23.10 Oct 157.8 2.04 -3.88 34662000 TRENT.23.10 Oct 2086.9 -1.13 -0.53 3346800

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bharti Airtel Limited 950.35 -0.55 5544735 4696201 83.19 Nifty50 19794 -0.09 33698847
Max Financial Services l 920.3 1.17 1093149 969175 78 Niftybank 44599.2 0.18 14965390
Pidilite Industries Ltd 2481.9 -0.23 124308 342252 76.2 Nifty it 32003.6 -1.67 1529972
Bajaj Auto Limited 5106.6 0.83 472168 434699 75.51 India Vix 10.62 -3.28 616276175
Larsen & Toubro Limited 3081.75 -0.23 1870280 1535119 74.27 Nifty Fmcg 52363.95 0.21 379207
Alkem 3594.95 1.56 154901 109426 74.02 Nifty Pharma 15186.2 0.06 43865174
Icici Lombard General In 1324.9 0.86 477626 223121 72.82 Nifty Realty 610.2 -0.18 1091044725
Britannia Ind Ltd. 4560.75 0.13 518582 267757 72.72 Nifty Auto 16301.7 0.78 40985524
Sun Pharma  Ltd 1130.4 0.15 1221965 1058358 72.69 Nifty Metal 6863.05 0.75 97241374
Asian Paints Limited 3159.1 -0.15 992531 742862 72.45 Nifty Financial Services 19945.7 0.08 3355920

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Sep) on 13th October, 2023

INR: FX Reserves, USD on 13th October, 2023

USD: Retail Sales (MoM) (Sep) on 17th October, 2023

USD: Building Permits (Sep) on 18th October, 2023

News Updates

  • Indian benchmark indices ended lower with Nifty below 19,800 in the volatile session on October 12. At close, the Sensex was down 64.66 points or 0.10 percent at 66,408.39, and the Nifty was down 17.30 points or 0.09 percent at 19,794. About 2086 shares advanced, 1459 shares declined, and 125 shares unchanged.

  • According to Nuvama Institutional Equities, Polycab’s entry will bring inflows worth $194 million into the stock. Paytm’s parent One97 Communications could see $167 million of funds flow, while it may be $170 million for Macrotech Developers , $172 million for Tata Communications and $174 million for Tata Motors DVR.

  • India’s central bank is expected to accelerate a key process of vetting IDBI Bank’s potential buyers and complete it by October end, helping speed up the sale of a majority stake in the lender, two government sources said. The federal government, which owns 45.48% of IDBI Bank, and the state-owned Life Insurance Corp of India, which holds 49.24%, together plan to sell 60.7% of the lender.

  • Ray Dalio, a prominent billionaire investor, has voiced his concerns over the high valuation of US stocks and the potential political and economic risks that the United States could face. He has warned against growing debt levels, political disagreements, and geopolitical uncertainties.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABHIJIT General 13-Oct-23 STCORP Quarterly Results 13-Oct-23
AMAL Quarterly Results 13-Oct-23 TATASTLLP Quarterly Results 13-Oct-23
ARTSONEN Quarterly Results 13-Oct-23 UNIAUTO General 13-Oct-23
AUTOIND Preferential Issue of shares;Increase in Authorised Capital;General 13-Oct-23 VIVANTA Quarterly Results;General 13-Oct-23
BIRLAMONEY Quarterly Results 13-Oct-23 ADVLIFE General 14-Oct-23
DEN Quarterly Results 13-Oct-23 AKM Preferential Issue of shares;General 14-Oct-23
GGL Rights Issue;General 13-Oct-23 CEENIK Quarterly Results;General 14-Oct-23
GGPL Quarterly Results 13-Oct-23 DALBHARAT Interim Dividend;Quarterly Results 14-Oct-23
GTNINDS General 13-Oct-23 DARSHANORNA Quarterly Results 14-Oct-23
GUJHOTE Quarterly Results 13-Oct-23 DMART Quarterly Results 14-Oct-23
HATHWAYB Quarterly Results 13-Oct-23 GTPL Quarterly Results 14-Oct-23
HDFCLIFE Quarterly Results 13-Oct-23 POOJAENT General 14-Oct-23
KALAMANDIR Quarterly Results 13-Oct-23 SHREEPUSHK General 14-Oct-23
MACINTR General 13-Oct-23 TCC General 14-Oct-23
MAGNUM Right Issue of Equity Shares 13-Oct-23 TEXINFRA Quarterly Results;General 14-Oct-23
MERCTRD Increase in Authorised Capital;General 13-Oct-23 TEXRAIL Quarterly Results;General 14-Oct-23
PREMCAP Quarterly Results 13-Oct-23 TOKYOPLAST General 14-Oct-23
RESGEN General 13-Oct-23 ULTRACAB Quarterly Results 14-Oct-23
SDBL Quarterly Results;General 13-Oct-23 VASUDHAGAM General 14-Oct-23
SERA Issue Of Warrants;General 13-Oct-23 VIVIDM Quarterly Results 14-Oct-23
SHEETAL General;A.G.M. 13-Oct-23 VUENOW Preferential Issue of shares;Scheme of Arrangement 14-Oct-23
SHRADHAIND General 13-Oct-23 HDFCBANK Quarterly Results 15-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVLIFE 13-Oct-23 Bonus issue 1:1 TCIEXP 26-Oct-23 Interim Dividend
INFRATRUST 13-Oct-23 Income Distribution (InvIT) ASTRAL 27-Oct-23 Interim Dividend
MRP 13-Oct-23 Bonus issue 2:1 BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/-
RMC 13-Oct-23 Bonus issue 1:2 ICICIGI 27-Oct-23 Interim Dividend
CASPIAN 17-Oct-23 Final Dividend – Rs. – 0.0500 ISEC 27-Oct-23 Interim Dividend
GENSOL 17-Oct-23 Bonus issue 2:1 LTIM 27-Oct-23 Interim Dividend
GLS 17-Oct-23 Interim Dividend – Rs. – 22.5000 SVRL 27-Oct-23 Bonus issue 1:1
KAMAHOLD 17-Oct-23 Bonus issue 4:1 TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
RUDRA 18-Oct-23 Stock  Split From Rs.10/- to Rs.5/- UNJHAFOR 30-Oct-23 E.G.M.
RUDRA 18-Oct-23 Bonus issue 1:1 ELECON 31-Oct-23 Interim Dividend
BCONCEPTS 19-Oct-23 Final Dividend – Rs. – 0.5000 NESTLEIND 01-Nov-23 Interim Dividend
RITCO 19-Oct-23 E.G.M. HINDUNILVR 02-Nov-23 Interim Dividend
SEMAC 19-Oct-23 Final Dividend – Rs. – 5.0000 ASIANPAINT 03-Nov-23 Interim Dividend
TCS 19-Oct-23 Interim Dividend – Rs. – 9.0000 EMBASSY 03-Nov-23 Income Distribution RITES
ANANDRATHI 20-Oct-23 Interim Dividend HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
ANGELONE 20-Oct-23 Interim Dividend INSECTICID 10-Nov-23 Interim Dividend
HCLTECH 20-Oct-23 Interim Dividend PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
KPIGREEN 20-Oct-23 Interim Dividend – Rs. – 0.2500 CAMS 17-Nov-23 Interim Dividend
NEOGEN 20-Oct-23 E.G.M. PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000
VINNY 23-Oct-23 E.G.M. GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000

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