The NIFTY opened at 21982.55 with a gap down of just 15 points. The index initially moved down for the first five minutes of trading, found support just above 21900, and then bounced up. Prices have seen a sharp rally which took the index around 22200 levels. The index faced strong resistance there and started a consolidation process which lasted till the end. The index first recorded its intraday low at 21917.50 in the morning, then its intraday high at 22204.60 in the afternoon, and finally closed at 22146.65 with a gain of 148.95 points or 0.68% up. IT. MEDIA, OIL GAS, and METAL outperformed today, led the bulls, and closed with impressive gains followed by PHARMA and FMCG. BANK and FINANCIAL underperformed today and ended with a loss.


The BANK NIFTY opened at 46825.75 with a gap down of 62 points. The index continued moving lower but found support quickly and bounced up. A rally started which brought prices above 47200. However, the index faced strong resistance there, formed a narrow range, and eventually broke on the downside. A decline came which took the index negative zone. Prices have recorded its intraday low at 46565.55, its intraday high at 47231.50, and finally closed at 46830.85 with a loss of 56 points. PSU BANKs have outperformed today, saw a mild upside move, and ended with a gain of 0.70%. PSU BANKs have underperformed today, saw a mild decline, and finally closed with a loss of 0.46%. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while AXIS BANK contributed the lowest. It was a tale of two halves in the BANK Index today. After opening with a gap down, prices have rallied sharply in the first half while moving down in the second half.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDCOPPER.24.03 Mar 258.3 9.87 0.27 29261300 AXISBANK.24.03 Mar 1066 -1.58 6.57 47320000
BSOFT.24.03 Mar 765.85 5.35 1.11 7460000 NMDC.24.03 Mar 203.35 -1.33 8.97 81751500
IPCALAB.24.03 Mar 1191.7 5.01 4.19 2491450 BAJFINANCE.24.03 Mar 6395.45 -1.29 1.06 9247750
AMBUJACEM.24.03 Mar 586.2 4.58 0.66 44110800 FEDERALBNK.24.03 Mar 146.8 -1.21 2.53 89450000
MGL.24.03 Mar 1280.4 4.53 11.66 3049600 COFORGE.24.03 Mar 6130 -0.88 8.82 1433550
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.24.03 Mar 3091.3 5.97 -3.79 13578900 INDUSINDBK.24.03 Mar 1488.4 -1.25 -0.87 23981500
OFSS.24.03 Mar 8528 5.54 -2.86 1059000 GODREJPROP.24.03 Mar 2189.4 -1.09 -0.73 4161000
IDEA.24.03 Mar 13.15 5.2 -2.03 1706080000 RBLBANK.24.03 Mar 230 -0.52 -3.82 64827500
ADANIPORTS.24.03 Mar 1275.35 4.84 -4.36 34584800 MARUTI.24.03 Mar 11409.6 -0.07 -0.09 2572350
INDIAMART.24.03 Mar 2633 4.58 -0.85 913800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1664.9 1.32 482921 1369949 79.98 Nifty50 22146.65 0.68 71406
Jk Cement Limited 4075.05 -0.27 110644 186060 72.05 Niftybank 46789.95 -0.41 71406
Sun Pharma  Ltd 1569 0.67 3062499 2048704 71.1 Nifty it 37679.6 1.98 71406
Hindustan Unilever Ltd 2335.05 0.97 2292210 1644093 70.78 India Vix 13.62 -5.61 73329
Piind 3650 1.93 169207 308827 70.15 Nifty Fmcg 54145.8 0.9 71406
Mah & Mah Ltd. 1881.5 1.5 2387657 2991264 70.04 Nifty Pharma 18897.1 1.4 71406
Ultratech Cement Limited 9705 1.16 347818 278149 66.87 Nifty Realty 831.55 0.61 71406
Asian Paints Limited 2898 1.32 1381616 637939 66.74 Nifty Auto 20514.25 0.87 71406
Reliance Industries Ltd 2870 0.2 9285037 4493232 66.46 Nifty Metal 7799.95 1.99 71406
Infosys Limited 1649.95 2.39 8801199 3741349 65.76 Nifty Financial Services 20725.9 -0.16 71406


   Domestic                                                                                                                                                  International
INR: Trade Balance on 15th March, 2024

INR:FX Reserves, USD on 15th March, 2024

USD: Import Price Index (MoM) (Feb) on 15th March, 2024

USD: Industrial Production (MoM) (Feb) on 15th March, 2024


  • Railway stocks, bounced back with sharp gains on March 14 after correcting up to 15 percent earlier in the week. RITES, IRFC RVNL, IRCON International Ltd were among the stocks clocking up to 11 percent intraday gains. Many of these stocks have a little free float, as the government hold up to 86 percent stake in some of the companies. Because of the low float, a surge in demand can trigger rapid price moves.

  • Engineering and construction company Transrail Lighting has filed draft papers with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The offer comprises a fresh issue of shares worth Rs 450 crore and an offer-for-sale of 1.01 crore shares by promoter Ajanma Holdings.

  • The benchmark Indian indices traded flat with negative global cues weighing on the local market on March 14, a day after being marooned by a sudden rush to book profits. If the Nifty defends the 21,800 mark at close and survives above 22,050 (weekly closing), then it may resume a consolidation trading range between 21,800 and 22,200 for a few days, according to experts.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
APIS Quarterly Results 15-Mar-24 RECLTD Interim Dividend 16-Mar-24
BEL Interim Dividend 15-Mar-24 VIKASECO General 16-Mar-24
IBULHSGFIN General 15-Mar-24 WARDINMOBI General 16-Mar-24
LASTMILE Issue Of Warrants;Preferential Issue of shares;General 15-Mar-24 CANOPYFIN General 17-Mar-24
MANGALAM General 15-Mar-24 ARFIN Preferential Issue of shares 18-Mar-24
NGIL General 15-Mar-24 DWL General 18-Mar-24
NIDHGRN Bonus issue 15-Mar-24 JUNIPER Quarterly Results;General 18-Mar-24
PROFINC General 15-Mar-24 L&TFH General 18-Mar-24
SIL Interim Dividend 15-Mar-24 NGLFINE General 18-Mar-24
SPANDANA General 15-Mar-24 NITINFIRE Audited Results 18-Mar-24
TAHMARENT General 15-Mar-24 SUKHJITS General 18-Mar-24
THINKINK Dividend;Stock  Split;Bonus issue 15-Mar-24 AARTECH General 19-Mar-24
BALLARPUR Audited Results;Quarterly Results;Preferential Issue of shares;General 16-Mar-24 GPTHEALTH Interim Dividend;Quarterly Results 19-Mar-24
COFORGE General 16-Mar-24 KOLTEPATIL General 19-Mar-24
KIDUJA Issue Of Warrants 16-Mar-24 MANAPPURAM General 19-Mar-24
ORIENTALTL Right Issue of Equity Shares;Right Issue of Equity Shares with Warrants;Issue Of Warrants;Preferential Issue of shares;General 16-Mar-24 MOTOGENFIN General 19-Mar-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AUTOINT 15-Mar-24 Interim Dividend – Rs. – 0.5000 TIERRA 18-Mar-24 Right Issue of Equity Shares
BALKRISHNA 15-Mar-24 Right Issue of Equity Shares TINEAGRO 18-Mar-24 Bonus issue 1:1
CANOPYFIN 15-Mar-24 Amalgamation TINEAGRO 18-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
FOCUS 15-Mar-24 E.G.M. COLABCLOUD 19-Mar-24 Stock  Split From Rs.10/- to Rs.2/-
GAEL 15-Mar-24 Bonus issue 1:1 COLABCLOUD 19-Mar-24 Bonus issue 1:1
HCC 15-Mar-24 Right Issue of Equity Shares KAMAHOLD 19-Mar-24 Interim Dividend – Rs. – 19.0000
IIFLSEC 15-Mar-24 Interim Dividend – Rs. – 3.0000 KEI 19-Mar-24 Interim Dividend – Rs. – 3.5000
INDGELA 15-Mar-24 Interim Dividend – Rs. – 10.0000 KESAR 19-Mar-24 Bonus issue 6:1
ISMTLTD 15-Mar-24 Interim Dividend – Rs. – 0.5000 RAJATH 19-Mar-24 E.G.M.
KIRLFER 15-Mar-24 Interim Dividend – Rs. – 3.0000 RAMASTEEL 19-Mar-24 Bonus issue 2:1
MKPL 15-Mar-24 Bonus issue 2:1 SUDARSCHEM 19-Mar-24 Interim Dividend – Rs. – 3.6000
PADAMCO 15-Mar-24 E.G.M. TVSMOTOR 19-Mar-24 Interim Dividend – Rs. – 8.0000
ROBU 15-Mar-24 E.G.M. AGIIL 20-Mar-24 Interim Dividend – Rs. – 1.0000
SBILIFE 15-Mar-24 Interim Dividend – Rs. – 2.7000 AXTEL 20-Mar-24 Interim Dividend – Rs. – 6.0000
WAAREERTL 15-Mar-24 Stock  Split From Rs.10/- to Rs.2/- DWARKESH 20-Mar-24 Buy Back of Shares
OIL 18-Mar-24 Interim Dividend – Rs. – 8.5000 EASTSUGIND 20-Mar-24 E.G.M.

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