Morning-Outlook-Feature-Image

Nifty opened at 22125.30, a gap down of 147.20 points from Monday’s close following the sell off in global markets and closed at 22147.90 down 124.60 points or 0.56%.

The loss were majorly due to decline in heavy-weight stocks like Infosys, ICICI Bank, TCS, L&T and Bajaj Finance. While HDFC Bank, Hindustan Unilever, Reliance Industries, Titan Co. and Eicher Motors helped mitigate the loss.

In line with the benchmark indices, the wider markets outperformed. The BSE Mid Cap ended with a 0.20% higher, while the BSE Small Cap had a 0.58% gain. On BSE, 2,256 stocks advances, 1,565 stocks declined and 112 remained unchanged.

Among the sectoral indices, the Nifty Media index (up 1.57%), the Nifty Oil & Gas index (up 0.60%) and the Nifty FMCG index (up 0.43%) outperformed the Nifty 50 index. Meanwhile, the Nifty IT index (down 2.58%), the Nifty PSU bank index (down 1.27%) and the Private Bank index (down 0.66%) underperformed the Nifty 50 index.

The Nifty’s short-term trend looks bearish, investors should remain cautious while trading.

DERIVATIVE PICKS

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MOTHERSON.24.04 Apr 125 3.39 3.59 158635300 MPHASIS.24.04 Apr 2309.95 -3.79 11.91 2677125
EICHERMOT.24.04 Apr 4358.75 2.89 4.87 2850750 INFY.24.04 Apr 1418.3 -3.71 12.1 48923600
CUMMINSIND.24.04 Apr 3119.55 2.64 5.42 3104100 GUJGASLTD.24.04 Apr 553.05 -3.62 25.04 7740000
HDFCAMC.24.04 Apr 3746.9 2.44 12.58 3056100 COFORGE.24.04 Apr 5226 -3.25 0.24 1611150
AMBUJACEM.24.04 Apr 622.2 2.36 2.77 47237400 LTIM.24.04 Apr 4664.85 -3.15 14.37 4243800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
EXIDEIND.24.04 Apr 454.5 11.17 -16.53 19292400 METROPOLIS.24.04 Apr 1662 -5.58 -2.05 1875600
ZEEL.24.04 Apr 147.7 3.94 -0.1 138552000 OFSS.24.04 Apr 7867.1 -2.49 -0.73 1416000
LAURUSLABS.24.04 Apr 444.05 2.88 -3.84 13562600 BAJAJFINSV.24.04 Apr 1623.8 -2.27 -0.48 9517000
IDEA.24.04 Apr 13.1 2.75 -8.06 1849280000 INDIACEM.24.04 Apr 218.1 -1.93 -2.05 22495300
HAL.24.04 Apr 3726 2.33 -1.55 7525500 SAIL.24.04 Apr 149.05 -1.55 -3.27 115576000

TOP  DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2220.8 1.22 2821129 3965183 80.76 Nifty50 22147.9 -0.56 71475
Crompton Greaves Consume 289.5 -0.92 2331311 6373542 74.3 Niftybank 47484.8 -0.6 71472
Atul Ltd. 5981.5 1.3 62591 143155 72.53 Nifty it 33574.95 -2.58 71472
Sbi Life Insurance Compa 1462.75 -0.28 717750 704763 70.9 India Vix 12.62 1.2 82572
Britannia Ind Ltd. 4740.7 -0.45 516581 291811 69.17 Nifty Fmcg 53402.25 0.43 71472
Dabur India Ltd. 503.9 1.76 2928056 2383142 66.18 Nifty Pharma 18695.6 0.42 71472
Shriram Finance Limited 2400.75 -0.58 806605 617546 65 Nifty Realty 937.75 -0.46 71472
Hcl Technologies Ltd. 1477.3 -1.84 2446933 2112838 64.11 Nifty Auto 21703.05 0.1 71472
United Spirits Limited 1150.85 0.17 692591 665580 62.95 Nifty Metal 8851.95 -0.54 71472
Hdfc Life Insurance Comp 604.6 -1.36 4970256 1628248 62.75 Nifty Financial Services 21099.25 -0.22 71472

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 19th April, 2024

INR: Infrastructure Output (YoY) (Mar) on 30th April, 2024

USD: Initial Jobless Claims on 18th April, 2024

USD: Existing Home Sales (Mar) on 18th April, 2024

NEWS UPDATES

  • On Tuesday, the Sensex was down 456.10 points or 0.62 percent at 72,943.68, and the Nifty was down 124.60 points or 0.56 percent at 22,147.90. The market breadth was in favour of gainers as around 2,218 shares advanced, 1,464 shares declined, and 105 shares unchanged.

  • Rajiv Jain’s GQG Partners LLC is looking to invest around $400 million in Vodafone Idea Ltd.’s share sale that starts later this week, according to people familiar, in a vote of confidence in the unprofitable Indian wireless operator.

  • The Indian rupee recorded its lowest-ever closing level against the US dollar on Tuesday amid the heightened tensions in the Middle East and the greenback’s strength weighing on the sentiment. The local currency weakened nine paise to close at Rs 83.54 against the greeenback. Intraday, the rupee hit an all-time low of Rs 83.555. It had closed at Rs 83.45 a dollar on Monday.

  • Mahindra Launches Nine-Seater Bolero Neo+ SUV For Fleet And Family; The Mahindra Bolero Neo+, powered by a 2.2-litre diesel engine with micro-hybrid technology, is being offered in two variants at a starting price of Rs 11.39 lakh, ex-showroom India.

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

BOARDS MEETINGS

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACCELYA Quarterly Results 18-Apr-24 ORIENTHOT Audited Results;General 18-Apr-24
ADVIKCA Audited Results;General 18-Apr-24 RIIL Audited Results;Final Dividend 18-Apr-24
BAJAJ-AUTO Dividend;Audited Results 18-Apr-24 RSSOFTWARE Audited Results;Final Dividend 18-Apr-24
BANASFN Right Issue of Equity Shares 18-Apr-24 SEL Audited Results 18-Apr-24
EIMCOELECO Dividend;Audited Results;General 18-Apr-24 SHARDAMOTR Buy Back of Shares 18-Apr-24
GIPCL General 18-Apr-24 SHISHIND Audited Results;General 18-Apr-24
GKCONS Increase in Authorised Capital;Preferential Issue of shares 18-Apr-24 SURANASOL Audited Results 18-Apr-24
GUJHOTE Audited Results;Final Dividend 18-Apr-24 SVRL General 18-Apr-24
HDFCLIFE Audited Results;Final Dividend 18-Apr-24 SWARAJENG Audited Results;Final Dividend 18-Apr-24
INDOTHAI General 18-Apr-24 TV18BRDCST Audited Results 18-Apr-24
INFY Audited Results;Final Dividend 18-Apr-24 WARDINMOBI General 18-Apr-24
INNOVATUS General 18-Apr-24 WORTH General 18-Apr-24
ISEC Interim Dividend;Audited Results 18-Apr-24 AGOL Right Issue of Equity Shares;General 19-Apr-24
MASTEK Audited Results;Final Dividend 18-Apr-24 AMAL Audited Results 19-Apr-24
NATIONSTD Audited Results 18-Apr-24 BENARAS Audited Results;Final Dividend;General 19-Apr-24
NETWORK18 Audited Results 18-Apr-24 BLUECOAST General 19-Apr-24

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AGOL 18-Apr-24 Right Issue of Equity Shares ASTERDM 23-Apr-24 Special Dividend – Rs. – 118.0000
SBGLP 18-Apr-24 Stock  Split From Rs.10/- to Rs.1/- BGJL 23-Apr-24 E.G.M.
STOVACQ 18-Apr-24 Final Dividend – Rs. – 17.0000 FORTISMLR 23-Apr-24 Interim Dividend – Rs. – 40.0000
VMS 18-Apr-24 Right Issue of Equity Shares NICCOUCO 23-Apr-24 E.G.M.
GUJTLRM 19-Apr-24 Interim Dividend – Rs. – 1.0000 SWRNASE 23-Apr-24 E.G.M.
MHLXMIRU 19-Apr-24 Spin Off VUENOW 23-Apr-24 Interim Dividend – Rs. – 0.5000
NBL 19-Apr-24 Bonus issue 2:1 BBL 24-Apr-24 Stock  Split From Rs.10/- to Rs.5/-
PULSRIN 19-Apr-24 Stock  Split From Rs.10/- to Rs.1/- HUHTAMAKI 24-Apr-24 Dividend – Rs. – 5.0000
SCHAEFFLER 19-Apr-24 Final Dividend – Rs. – 26.0000 CTL 26-Apr-24 E.G.M.
SHUKRAPHAR 19-Apr-24 Bonus issue 3:1 ISEC 26-Apr-24 Interim Dividend
YUG 19-Apr-24 Right Issue of Equity Shares VIVIDM 26-Apr-24 E.G.M.
AEGISLOG 22-Apr-24 Interim Dividend – Rs. – 1.2500 HITKITGLO 29-Apr-24 E.G.M.
SMGOLD 22-Apr-24 E.G.M. ELANTAS 30-Apr-24 Final Dividend – Rs. – 5.0000
TIPSINDLTD 22-Apr-24 Buy Back of Shares BHAGCHEM 02-May-24 Stock  Split From Rs.10/- to Rs.1/-
ANUP 23-Apr-24 Bonus issue 1:1 ABB 03-May-24 Final Dividend – Rs. – 23.8000
ASTERDM 23-Apr-24 Special Dividend CRISIL 03-May-24 Interim Dividend

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