The NIFTY opened at 19535.15 with a gap up of 91 points. The index continued its bullish momentum and moved higher for the first hour of trading but could not reach 19600.The index found resistance and then started drifting downwards in a V-shaped manner. The decline lasted till the end, the index erased all the gains and reached negative territory. Prices recorded its intraday low at 19369 and finally closed at 19386.70 near its day’s low with a loss of 57.30 points or 0.29% down.IT outperformed and ended with a gain of over half percent followed by FMCG and MEDIA. PHARMA and OIL GAS underperformed today followed by METAL and AUTO. The short-term trend is still sideways. We have seen a failed breakout attempt from a narrow trading range inside 19250-19500. This indicates further sideways movement.


The BANK NIFTY opened at 44704.20 with a gap up of 225 points. The index continued its bullish move and saw a sharp upside move. Prices have found resistance before reaching 45000 and started moving lower after recording its intraday high at 44949.90. The decline lasted till the end and erased almost all the gains. Prices have recorded its intraday low at 44433.75 and finally closed at 44461.10 with a loss of just 18 points. PSU BANK underperformed, saw a sharp downside move, and ended with a loss of 0.65%. PVT BANK moved sideways and ended on a flat note. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is sideways. Support is visible around 43500-44000 while resistance is visible around 45100.


TATA CHEM 1015.65 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1017.50 with a stop loss of  1016.65 and a target of 1031.15.
GRASIM 1778.05 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1770.60 with a stop loss of 1783.40 and a target of  1783.40.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NAUKRI  4200 CE BUY 94 CMP 73.30 136.25 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GMRINFRA.23.08 Aug 64.7 8.92 16.12 146362500 PEL.23.08 Aug 1036.55 -2.3 13.7 8907000
COFORGE.23.08 Aug 5319.05 8.9 70.01 1717500 RELIANCE.23.08 Aug 2476 -2.08 7.91 32258750
MPHASIS.23.08 Aug 2473.1 5.21 1.61 2222825 HDFCAMC.23.08 Aug 2444.45 -1.98 2.92 3196500
COROMANDEL.23.08 Aug 1099.25 2.82 11.82 1748600 ASTRAL.23.08 Aug 1968.1 -1.92 5 3174550
PERSISTENT.23.08 Aug 5118.05 2.26 6.28 962850 JINDALSTEL.23.08 Aug 648.5 -1.85 14.66 30396250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MFSL.23.08 Aug 912 3.4 -2.18 7482400 POLYCAB.23.08 Aug 5036.9 -2.05 -10.09 1653900
IBULHSGFIN.23.08 Aug 159.4 2.74 -0.14 48419400 IDFC.23.08 Aug 122.5 -1.76 -0.22 103010000
SIEMENS.23.08 Aug 3809.45 2.52 -1.15 1890625 MANAPPURAM.2308Aug 143.5 -1.71 -2.41 65118000
NAUKRI.23.08 Aug 4258.85 2.32 -1.67 1324800 GLENMARK.23.08 Aug 748.6 -1.62 -2.21 5717350
SUNTV.23.08 Aug 581 2.26 -6.57 7488000 EXIDEIND.23.08 Aug 264.35 -1.62 -0.46 15541200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bosch Limited 18363.95 -0.04 34364 21728 78.62 Nifty50 19386.7 -0.29 72075
Dr. Reddys Lab Ltd 5907.15 -0.78 824946 483925 76.99 Niftybank 44496.2 0.04 72075
Ultratech Cement Limited 8211.4 0.61 273837 154892 74.27 Nifty it 31112.1 0.61 72075
Page Industries Limited 39998.95 0.09 20003 37566 73.9 India Vix 11.7 -0.26 72075
Cummins India Limited 1720.25 -1 895467 738162 73.55 Nifty Fmcg 52036.75 0.29 72072
Sbi Cards And Payment Se 830.4 -1.18 2232562 1503858 73.27 Nifty Pharma 15193.15 -0.58 72072
Ntpc Limited 220.85 -0.38 11182959 9820677 72.7 Nifty Realty 540 0.2 72072
Syngene 796.4 -0.99 250344 518553 71.22 Nifty Auto 15459.3 -0.25 72072
Apollo Hospitals Ltd 4919.95 -0.52 534065 417071 69.85 Nifty Metal 6602.85 -0.34 72072
Ashok Leyland Ltd. 185.85 -0.93 11822398 6147446 69.16 Nifty Financial Services 19717.85 -0.07 72072

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 25th August, 2023

INR: Deposit Growth on 25th August, 2023

USD: Fed Chair Powell Speaks on 25th August, 2023

USD: JOLTs Job Openings (Jul) on 29th August, 2023

News Updates

  • India’s benchmark stock indices opened higher and declined after midday to snap three days of gain on Thursday. Healthcare sector dragged, whereas I.T. shares advanced in trade. Sensex slipped below 65,300 level, whereas Nifty dropped below 19,400 mark. Nifty Smallcap 100 and Midcap 100 index hit fresh highs intra-day. The S&P BSE Sensex was down 181 points, or 0.28%, at 65,252.34, while the NSE.

  • Jio Financial Services share price hit 5 percent lower circuit for the fourth session on August 24. It has been on a decline since its listing as passive funds are selling shares, pre-empting its exit from the Nifty and Sensex.

  • Most analysts are positive on Vishnu Prakash R Pungulia (VPRPL) as it launched its initial public offering (IPO) on August 24. The IPO for the integrated infrastructure company will be open till August 28. It is priced in the Rs 94-99 per share range.

  • A proposal to mandate the use of green hydrogen as feedstock by “hard-to-abate sectors” such as refineries and fertiliser is soon going to be tabled before the union cabinet, minister for power and new and renewable energy RK Singh said on August 24.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ARNOLD A.G.M. 25-Aug-23 POWERMECH General 25-Aug-23
BERLDRG A.G.M. 25-Aug-23 QUANTBUILD General 25-Aug-23
BERYLSE A.G.M. 25-Aug-23 RITESHIN General;A.G.M. 25-Aug-23
BHAGYNAGAR General 25-Aug-23 SCANSTL A.G.M. 25-Aug-23
BODHTREE Quarterly Results 25-Aug-23 SHBAJRG General 25-Aug-23
DHARNI A.G.M. 25-Aug-23 SURANASOL General 25-Aug-23
ESSARSHPNG General 25-Aug-23 VIRTUALG General;Issue Of Warrants;A.G.M. 25-Aug-23
GETALONG Preferential Issue of shares 25-Aug-23 VJTFEDU General 25-Aug-23
GROVY General 25-Aug-23 WEWIN General 25-Aug-23
HAZOOR General;A.G.M. 25-Aug-23 WINDMACHIN General;A.G.M. 25-Aug-23
HCKKVENTURE General;A.G.M. 25-Aug-23 ZEAL General 25-Aug-23
ITL General;A.G.M. 25-Aug-23 ACTIVE General 26-Aug-23
JAFINANCE A.G.M. 25-Aug-23 ADESHWAR General;A.G.M. 26-Aug-23
JAYANT Increase in Authorised Capital;A.G.M. 25-Aug-23 CHADPAP Audited Results 26-Aug-23
KRRAIL General 25-Aug-23 COUNCODOS General;A.G.M. 26-Aug-23
MICROSE General;A.G.M. 25-Aug-23 EXHICON General;Dividend;A.G.M. 26-Aug-23
MLINDLTD General;Final Dividend 25-Aug-23 IGCIL General 26-Aug-23
MNIL Issue Of Warrants 25-Aug-23 MARIS General 26-Aug-23
NGIL General;A.G.M. 25-Aug-23 NOVATEOR Increase in Authorised Capital;Issue Of Warrants;A.G.M. 26-Aug-23
NKIND A.G.M. 25-Aug-23 PITHP General 26-Aug-23
PARLEIND General;A.G.M. 25-Aug-23 RAJTUBE General 26-Aug-23
POBS A.G.M. 25-Aug-23 SOMAPPR General 26-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABB 25-Aug-23 Special Dividend – Rs. – 5.5000 OIL 25-Aug-23 Final Dividend – Rs. – 5.5000
ALKOSIGN 25-Aug-23 E.G.M. PANCHSHEEL 25-Aug-23 Interim Dividend – Rs. – 0.8000
DEEPAKFERT 25-Aug-23 Dividend – Rs. – 10.0000 PEL 25-Aug-23 Buy Back of Shares
ECOPLAST 25-Aug-23 Dividend – Rs. – 1.5000 SALZER 25-Aug-23 Final Dividend – Rs. – 2.2000
ENGINERSIN 25-Aug-23 Final Dividend – Rs. – 1.0000 SEAMECLTD 25-Aug-23 Interim Dividend – Rs. – 1.0000
FDC 25-Aug-23 Buy Back of Shares SHRIDINE 25-Aug-23 Dividend – Rs. – 10.0000
GAEL 25-Aug-23 Final Dividend – Rs. – 0.7000 SUDARSHAN 25-Aug-23 Final Dividend – Rs. – 0.3000
GICHSGFIN 25-Aug-23 Final Dividend – Rs. – 4.5000 SURYAROSNI 25-Aug-23 Final Dividend – Rs. – 4.0000
GUJHOTE 25-Aug-23 Final Dividend – Rs. – 2.0000 SUYOG 25-Aug-23 Final Dividend – Rs. – 0.5000
GULFOILLUB 25-Aug-23 Dividend – Rs. – 25.0000 UNIDT 25-Aug-23 Final Dividend – Rs. – 0.6000
HAZOOR 25-Aug-23 Interim Dividend – Rs. – 3.0000 UNIDT 25-Aug-23 Interim Dividend – Rs. – 0.6000
INDIAMART 25-Aug-23 Buy Back of Shares VSTTILLERS 25-Aug-23 Final Dividend – Rs. – 25.0000
ITHL 25-Aug-23 Final Dividend – Rs. – 3.5000 BANARISUG 28-Aug-23 Dividend – Rs. – 12.5000
KRBL 25-Aug-23 Final Dividend – Rs. – 1.0000 PRECWIRE 28-Aug-23 Final Dividend – Rs. – 0.3600
KRBL 25-Aug-23 Buy Back of Shares WARDINMOBI 28-Aug-23 Final Dividend – Rs. – 0.1000
MAPMYINDIA 25-Aug-23 Final Dividend – Rs. – 3.0000 BIRLACORPN 29-Aug-23 Final Dividend – Rs. – 2.5000
MUNJALAU 25-Aug-23 Final Dividend – Rs. – 2.0000 DATAINFRA 29-Aug-23 Income Distribution (InvIT)
NCC 25-Aug-23 Dividend – Rs. – 2.2000 ELNET 29-Aug-23 Final Dividend – Rs. – 2.0000
NDLVENTURE 25-Aug-23 Final Dividend – Rs. – 2.0000 GMM 29-Aug-23 Final Dividend – Rs. – 1.0000
NEOGEN 25-Aug-23 Final Dividend – Rs. – 3.0000 INDOUS 29-Aug-23 Bonus issue 1:1
NICCOPAR 25-Aug-23 Interim Dividend MYSORPETRO 29-Aug-23 Final Dividend – Rs. – 2.5000
NICCOPAR 25-Aug-23 Final Dividend – Rs. – 0.5000 PILANIINVS 29-Aug-23 Dividend – Rs. – 15.0000

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