Morning-Outlook-Feature-Image

Nifty opened at 22458.80, marginally down from yesterday’s close and made intraday high of 22497.60 and remain in a tight range same as yesterday and close at 22453.30 down 8.70 points.  Banking shares’ heavyweights like ICICI Bank, Axis bank, Kotak were under pressure while PSU banks along with HDFC Bank were in limelight due to which index remain in range. Lately Reliance Industries showed some sort of improvement from lower levels which supported index to recover from intraday low and closed flat.

Outperformance witnessed in mid cap & small-cap stocks. Sector specific Media, Metal, Realty, PSU & Cement shown good buying interest while IT remain on weak side.

Nifty spot is facing resistance at its recent high while it has good support around 22350 levels; as RBI policy is scheduled on 5th April we can expect some sort of hesitation in the market. Q4 earnings will start from this week so investors will remain focus on the quarterly numbers in this month.

DERIVATIVE PICKS

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RAMCOCEM.24.04 Apr 863 1.3 37.76 6372450 INDIAMART.24.04 Apr 2593 -4.85 29.66 1015200
ABFRL.24.04 Apr 237.6 11.5 27.01 56373200 GUJGASLTD.24.04 Apr 541.55 -1.8 24.63 8020000
HAVELLS.24.04 Apr 1555.05 2.3 26.86 7545500 HINDCOPPER.24.04 Apr 311 -0.24 17.75 36135400
SAIL.24.04 Apr 149 5.08 16.48 165240000 FINNIFTY.24.04 Apr 21292.75 -0.26 15.21 61200
DALBHARAT.24.04 Apr 2042.05 1.63 16.17 3676500 LT.24.04 Apr 3827 -0.72 14.82 16757700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GODREJPROP.24.04 Apr 2506.8 4.4 -3.48 4170500 ABB.24.04 Apr 6479.95 -1.26 -0.82 1038750
ADANIENT.24.04 Apr 3286.95 0.32 -2.48 13533600 SUNPHARMA.24.04 Apr 1629.3 -0.76 -0.43 13090000
IEX.24.04 Apr 143.1 1.35 -2.47 58961250 ABBOTINDIA.24.04 Apr 27479.1 -0.29 -0.9 207600
LAURUSLABS.24.04 Apr 418.2 2.42 -1.87 10451600
SHRIRAMFIN.24.04 Apr 2477 1.14 -1.83 5923500

TOP  DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Lalpathlab 2278.15 -0.44 255094 485231 85.74 Nifty50 22453.3 -0.04 71487
Tata Consumer Products l 1131.15 4.07 5107047 1687677 75.7 Niftybank 47545.45 -0.07 71487
Bharti Airtel Limited 1208.25 -0.75 3625577 3904042 71.48 Nifty it 34793.95 -0.71 71487
Dalmia Bharat Limited 2028.35 1.81 798274 438793 69.7 India Vix 11.65 -3.56 79266
Sbi Life Insurance Compa 1470.6 -1.3 941688 583289 69.59 Nifty Fmcg 54096.95 0.39 71487
Torrent Pharma Ltd. 2668.55 -0.25 181201 293117 69.38 Nifty Pharma 19185.15 -0.12 71487
Atul Ltd. 5899.3 1.76 77601 45532 68.71 Nifty Realty 949.35 1.01 71487
Nestleind 2623.3 1.46 722883 505473 68.03 Nifty Auto 21614.25 1.07 71487
Mahindra & Mahindra Fina 296.05 3.17 4659977 1410876 67.92 Nifty Metal 8690.85 1.5 71487
Idfc Limited 115.2 1.77 5620387 5211441 67.83 Nifty Financial Services 21150.95 -0.22 71487

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 05th April, 2024

INR: FX Reserves, USD on 05th April, 2024

USD: Initial Jobless Claims on 04th April, 2024

USD: Crude Oil Inventories on 03rd April, 2024

NEWS UPDATES

  • Home textiles products manufacturer Raghuvir Exim has filed draft papers with the capital markets regulator SEBI to raise funds through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), filed on March 31, the IPO is a mix of fresh issue of 1.4 crore shares and an offer-for-sale (OFS) of 45 lakh equity shares by promoter Sunil Agarwal.

  • Cement stocks gained on April 2 as reports suggested that cement companies have taken an average price hike in the range Rs 10-15 per bag across the country. Shares of UltraTech Cement, Shree Cements, Ambuja Cements, ACC and Dalmia Bharat closed trading with gains in the range of one to three percent.

  • Global oil benchmark Brent rose above $88 a barrel for the first time since October on Tuesday as oil supplies faced fresh threats with more Ukranian attacks on Russian energy facilities and escalating conflict in the Middle East.

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

BOARDS MEETINGS

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ARIGATO General 04-Apr-24 SAKUMA Rights Issue 08-Apr-24
BINNY Quarterly Results 04-Apr-24 SHKARTP General 08-Apr-24
GMBREW Bonus issue;Final Dividend;Audited Results 04-Apr-24 TRIL A.G.M.;General;Audited Results;Dividend 08-Apr-24
IRB General 04-Apr-24 VKAL Stock  Split;Increase in Authorised Capital 08-Apr-24
PRAVEG General;Issue Of Warrants;Preferential Issue of shares 04-Apr-24 INDAGIV Increase in Authorised Capital 09-Apr-24
TUNITEX General 04-Apr-24 OKPLA Audited Results 09-Apr-24
7SEASL General 05-Apr-24 VIJIFIN Audited Results 09-Apr-24
ENERGYDEV General 05-Apr-24 AGOL Quarterly Results;General;Audited Results 10-Apr-24
METALFORGE Quarterly Results 05-Apr-24 BETALA Quarterly Results;Audited Results 10-Apr-24
KAUSHALYA General 06-Apr-24 ANANDRATHI Final Dividend;General;Audited Results 12-Apr-24
RJSHAH General 06-Apr-24 TCS Final Dividend;Audited Results 12-Apr-24
AFFORDABLE General 08-Apr-24 EASTSUGIND General 15-Apr-24
CUPID General;Audited Results 08-Apr-24 ANGELONE Quarterly Results;Audited Results 17-Apr-24
FORTISMLR Interim Dividend 08-Apr-24 ICICIGI Final Dividend;Audited Results 17-Apr-24
GUJTLRM Interim Dividend 08-Apr-24 BAJAJ-AUTO Audited Results;Dividend 18-Apr-24
KUMPFIN General 08-Apr-24 HDFCLIFE Audited Results 18-Apr-24

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASHOKLEY 03-Apr-24 Interim Dividend – Rs. – 4.9500 PRIMAPLA 08-Apr-24 Interim Dividend – Rs. – 2.0000
IYKOTHITE 03-Apr-24 Right Issue of Equity Shares PROMAX 08-Apr-24 E.G.M.
SEML 03-Apr-24 Bonus issue 1:2 SUNTV 08-Apr-24 Interim Dividend – Rs. – 3.0000
SHIVACEM 03-Apr-24 Right Issue of Equity Shares DCMSRIND 10-Apr-24 Interim Dividend – Rs. – 2.0000
CUPID 04-Apr-24 Bonus issue 1:1 VESUVIUS 10-Apr-24 Final Dividend – Rs. – 12.7500
CUPID 04-Apr-24 Stock  Split From Rs.10/- to Rs.1/- GOODLUCK 12-Apr-24 Interim Dividend – Rs. – 2.0000
SAVFI 04-Apr-24 Right Issue of Equity Shares MOLDTECH 12-Apr-24 Interim Dividend
SUNCLAY 04-Apr-24 Interim Dividend – Rs. – 5.1500 MOLDTKPAC 12-Apr-24 Interim Dividend
VBL 04-Apr-24 Final Dividend – Rs. – 1.2500 SHK 12-Apr-24 Interim Dividend – Rs. – 0.7500
AAPLUSTRAD 05-Apr-24 Right Issue of Equity Shares FORTISMLR 16-Apr-24 Interim Dividend
BTML 05-Apr-24 Stock  Split From Rs.10/- to Rs.1/- SBGLP 18-Apr-24 Stock  Split From Rs.10/- to Rs.1/-
ESABINDIA 05-Apr-24 Interim Dividend – Rs. – 24.0000 STOVACQ 18-Apr-24 Final Dividend – Rs. – 17.0000
VISCO 05-Apr-24 Interim Dividend – Rs. – 1.0000 SCHAEFFLER 19-Apr-24 Final Dividend – Rs. – 26.0000
IMFA 08-Apr-24 Special Dividend – Rs. – 15.0000 NICCOUCO 23-Apr-24 E.G.M.
INDUSFINL 08-Apr-24 E.G.M. ABB 03-May-24 Final Dividend – Rs. – 23.8000
MASL 08-Apr-24 Resolution Plan -Suspension SANOFI 03-May-24 Final Dividend – Rs. – 117.0000

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