Morning-outlook-15 sept


The NIFTY opened at 17771.15 with a big gap down of 299 points. The index found support around the opening tick and bounced up sharply after recording its intraday low at the opening tick. The rally continued and prices have filled the gap and come into positive territory. However, the index faces strong resistance there and could not move further higher. Prices have recorded its intraday high at 18091.55 and saw a sharp decline in the last hour of trading. The index finally closed at 18003.75 with a loss of 66.30 points or 0.37 % down. METAL and BANK outperformed today and closed with a gain of 1.58 % & 1.30 % respectively. IT underperformed today and closed with a loss of 3.36%. Tomorrow is the weekly expiry so we may see a wide range of days tomorrow as well. The INDIA VIX, a benchmark index for volatility, moved up today but still moving around 18 consistently suggesting volatility is normal. We should look for a buying opportunity on a dip or intraday consolidation breakout as far as the index is trading above 17700 support. Resistance is now visible around 18100 and if it breaks then around 18350 – 18400 zone


The BANK NIFTY opened at 40308.80 with a big gap down of 556 points. The index found support after the open, recorded its intraday low at 40288.90, and bounced up sharply. Prices have filled the gap and come into positive territory. The rally continued prices crossed above 41000 and recorded an intraday high at 41626.90. A brief correction came in the last 30 minutes of trading and the index finally dosed at 41373.65 with a gain of 509. PSU and PVT BANKS both indices have performed almost the same today. Prices have seen a sharp intraday rally and closed higher by 1.74 % & 1.50% respectively. Within the index, in terms of points, SBIN contributed the highest on the upside while AXIS BANK contributed the lowest. Prices have seen an intraday rally of more than 1000 points and crossed above 41000 resistance. Support is now visible around 40000 while the index is moving very near to its lifetime highs around 41829.30 so this is the only visible resistance for the index. The short-term trend is up. We should now look for a buying opportunity as far as prices are trading above the 39800 level.



Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ipca Laboratories Ltd. 944.05 1.72 378393 0 75.46 Nifty50 15989.8 1.13 77082
Oracle Fin Serv Soft Ltd 3095 1.43 46283 0 69.88 Niftybank 34324.25 1.5 77082
Gujarat State Petronet l 227.2 0.33 1123636 0 69.68 Nifty it 28007.6 1.13 77082
Ambuja Cements Ltd 368.25 0.44 2209031 0 69.41 India Vix 20.27 -2.5 77082
Infosys Limited 1491.65 1.06 5209162 0 69.18 Nifty Fmcg 40740.15 2.64 77082
Honeywell Auto India Ltd 34787.95 5.47 8072 0 68.48 Nifty Pharma 12331.15 0.8 77082
Ultratech Cement Limited 5828.05 1.71 371948 0 67.03 Nifty Realty 400.75 2.27 77082
Icici Bank Ltd. 725.95 0.9 12163533 0 67.01 Nifty Auto 11952.2 2.6 77079
Kotak Mahindra Bank Limi 1704.5 2.49 5572949 0 66.56 Nifty Metal 4665.3 0.03 77079
Hindustan Unilever Ltd 2498.4 4.03 4770394 0 65.58 Nifty Financial Services 15980.25 1.6 77088


   Domestic                                                                                                                                                  International
INR: Thomson Reuters IPSOS PCSI (MoM) (Sep) on 16th September, 2022

INR: FX Reserves, USD on 16th September, 2022

 USD : Core Retail Sales (MoM) (Aug) on 15th September, 2022

USD : Initial Jobless Claims on 15th September, 2022


  • On Wednesday, Sensex ends 200 pts in the red, Nifty around 18,000. Among the sectors, financials and metals added over a percent each while the IT index shed over 3 percent. About 1632 shares have advanced, 1740 shares declined, and 140 shares were unchanged.
  • India’s wholesale inflation fell to the lowest since September last year, led by a broad-based decline in prices of most commodities. Inflation—as measured by the Wholesale Price Index—stood at 12.4% in August compared with 13.9% in July 2022, according to data released by the Ministry of Commerce and Industry on Wednesday. That’s the third straight month of decline in WPI inflation. The gauge fell 0.5% over the previous month compared with a 1% decline in July.
  • Harsha Engineers International Ltd.’s Rs 755-crore initial public offering was fully subscribed on the first day, led by demand from retail and non-institutional investors. The IPO subscribed 2.25 times as of 4:00 p.m. on Sept. 14
  • Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. NHDC is a joint venture of state-owned hydro power giant NHPC and the Madhya Pradesh government, a statement by Tata Power Company Ltd said on Wednesday.
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ASHNI General 15-Sep-22 MAFATIND General 17-Sep-22
JONJUA General 15-Sep-22 VIKRAMTH Scheme of Arrangement 17-Sep-22
LIBERTSHOE Interim Dividend 15-Sep-22 VIRYA General 17-Sep-22
MADHUSE General 15-Sep-22 ARFIN Stock  Split 19-Sep-22
PVVINFRA General 15-Sep-22 FEDDERELEC Quarterly Results;Audited Results 19-Sep-22
VANICOM Preferential Issue of shares 15-Sep-22 GBGLOBAL General;A.G.M. 19-Sep-22
AMBUJACEM Right Issue of Equity Shares;Preferential Issue of shares 16-Sep-22 HATSUN Right Issue of Equity Shares 19-Sep-22
LEHAR General 16-Sep-22 JYOTIRES General 19-Sep-22
MIRCH General 16-Sep-22 SYLPH General 19-Sep-22
MODCL General 16-Sep-22 TIL Audited Results 19-Sep-22
MTPL General;A.G.M. 16-Sep-22 GUJTLRM Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 22-Sep-22
NINSYS General 16-Sep-22 CAMPUS Audited Results 23-Sep-22
QUANTBUILD General 16-Sep-22 VALECHAENG Audited Results 27-Sep-22
RRMETAL General 16-Sep-22 INTETHR A.G.M. 30-Sep-22
SRESTHA General 16-Sep-22 NAYSAA A.G.M. 30-Sep-22
TAALENT Interim Dividend 16-Sep-22 SAGARSOFT Quarterly Results 30-Sep-22
UDAYJEW General 16-Sep-22 SCANPRO A.G.M. 30-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AINFRA 15-Sep-22 Final Dividend – Rs. – 0.0500 HBLPOWER 15-Sep-22 Dividend – Rs. – 0.4000
ALPHAGEO 15-Sep-22 Dividend – Rs. – 8.0000 HBSTOCK 15-Sep-22 Dividend – Rs. – 1.0000
APMIN 15-Sep-22 Dividend – Rs. – 1.0000 HUDCO 15-Sep-22 Final Dividend – Rs. – 2.7500
BEEKAY 15-Sep-22 Dividend – Rs. – 1.0000 IGL 15-Sep-22 Final Dividend – Rs. – 5.5000
BEL 15-Sep-22 Bonus issue 2:1 INDRAMEDCO 15-Sep-22 Dividend – Rs. – 2.5000
BEML 15-Sep-22 Final Dividend – Rs. – 5.0000 INSECTICID 15-Sep-22 Final Dividend – Rs. – 3.0000
BHEL 15-Sep-22 Final Dividend – Rs. – 0.4000 IRFC 15-Sep-22 Final Dividend – Rs. – 0.6300
BIRLACABLE 15-Sep-22 Dividend – Rs. – 1.5000 KAJARIACER 15-Sep-22 Final Dividend – Rs. – 3.0000
CANTABIL 15-Sep-22 Final Dividend – Rs. – 1.5000 KEERTHI 15-Sep-22 Final Dividend – Rs. – 1.5000
CGCL 15-Sep-22 Final Dividend – Rs. – 0.5000 KIRANVYPAR 15-Sep-22 Final Dividend – Rs. – 1.5000
CHEMCRUX 15-Sep-22 Final Dividend – Rs. – 2.0000 KRSNAA 15-Sep-22 Final Dividend – Rs. – 2.5000
CIFL 15-Sep-22 Dividend – Rs. – 0.1000 LINCOPH 15-Sep-22 Dividend – Rs. – 1.5000
CREST 15-Sep-22 Final Dividend – Rs. – 0.5000 LOHIASEC 15-Sep-22 Final Dividend – Rs. – 0.2000
EKC 15-Sep-22 Final Dividend – Rs. – 0.7000 MANALIPETC 15-Sep-22 Dividend – Rs. – 2.5000
EVERESTO 15-Sep-22 Final Dividend – Rs. – 0.5000 MSTC 15-Sep-22 Final Dividend – Rs. – 4.4000
EXCELINDUS 15-Sep-22 Final Dividend – Rs. – 22.5000 MUKESHB 15-Sep-22 Final Dividend – Rs. – 1.2000
FINCABLES 15-Sep-22 Final Dividend – Rs. – 6.0000 MULTIBASE 15-Sep-22 Final Dividend – Rs. – 1.0000
GLOBUSSPR 15-Sep-22 Dividend – Rs. – 3.0000 NACLIND 15-Sep-22 Final Dividend – Rs. – 0.1500
GLS 15-Sep-22 Final Dividend – Rs. – 10.5000 NATIONALUM 15-Sep-22 Final Dividend – Rs. – 1.5000
GOLDIAM 15-Sep-22 Final Dividend – Rs. – 0.6000 NXTDIGITAL 15-Sep-22 Dividend – Rs. – 4.0000

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