Nifty opened at 22385.70, marginally down from yesterday’s close and made intraday high of 22521.10 and closed flat at 22434.65 down 18.65 points. Heavy-weights like Reliance Industries, Kotak Mahindra Bank and Larsen & Toubro dragged the indices. While Tata Consultancy Services, Bharti Airtel, Axis Bank, NTPC, and Bajaj Finance helped to gain.

The broader market outperformed the benchmark indices. Nifty Mid Cap gained 0.52% and the Nifty Small Cap index gained 1.16%. The market breadth was strong. Among the sectoral indices, the PSU Bank index (up 1.78%), Nifty IT index (up 0.73%) and the Nifty Media index (up 0.57%) Outperformed the Nifty 50. Meanwhile, the Nifty Realty index (down 2.58%), the Nifty FMCG index (down 0.43%) and the Nifty Auto index (down 0.27%) underperformed the Nifty 50 index.

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.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PNB.24.04 Apr 135.9 6.5 3.48 223904000 GODREJPROP.24.04 Apr 2411 -3.95 7.7 4424150
LAURUSLABS.24.04 Apr 442.65 5.77 16.53 12104000 DLF.24.04 Apr 910.35 -3.32 11.06 40309500
MANAPPURAM.24.04 Apr 195.35 5.71 4.28 57726000 TORNTPHARM.24.04 Apr 2600.05 -3.08 4.43 1591000
NATIONALUM.24.04 Apr 175.9 5.2 5.5 93907500 NESTLEIND.24.04 Apr 2555.5 -2.78 13.13 6090000
ESCORTS.24.04 Apr 3020.7 4.52 1.93 1753950 MCDOWELL-N.24.04 Apr 1135.05 -2.26 2.31 7362600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GNFC.24.04 Apr 695.8 4.73 -0.18 7251400 DIXON.24.04 Apr 7733.65 -2.82 -7.43 1150700
PETRONET.24.04 Apr 284 3.59 -5.37 31734000 ABBOTINDIA.24.04 Apr 26877.75 -2.17 -0.1 207240
SHRIRAMFIN.24.04 Apr 2566.55 3.54 -1.5 5700300 HDFCLIFE.24.04 Apr 627 -1.52 -0.33 26409900
AUROPHARMA.24.04 Apr 1142.15 3.17 -2.97 14611300 ALKEM.24.04 Apr 4911.8 -1.36 -0.97 1105800
GAIL.24.04 Apr 189.8 3.01 -0.34 121914600 ASHOKLEY.24.04 Apr 175.2 -1.24 -1.59 87215000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Tata Consultancy Serv Lt 3947.3 1.63 3973090 1649088 76.96 Nifty50 22434.65 -0.08 48101924
Larsen & Toubro Limited 3782.45 -0.66 1684618 2754282 76.33 Niftybank 47624.25 0.17 22695505
Infosys Limited 1480.65 -0.15 8736248 5502486 75.59 Nifty it 35047.4 0.73 1463365
Kotak Mahindra Bank Limi 1731.15 -1.49 12683551 5111130 74.6 India Vix 11.37 -2.4 934217801
Dabur India Ltd. 531 -0.11 1176084 862411 73.39 Nifty Fmcg 53866.7 -0.43 474358
Axis Bank Limited 1063.25 1.53 11573590 9935571 72.96 Nifty Pharma 19153.05 -0.17 56264775
Trent Limited 3922.85 0.8 727717 437529 72.33 Nifty Realty 924.85 -2.58 1153989846
Sun Pharma  Ltd 1619.85 -0.15 2098379 1370723 71.33 Nifty Auto 21555.35 -0.27 50041811
Page Industries Limited 34795.4 -0.48 15250 21237 70.98 Nifty Metal 8691.2 0 123941390
Pidilite Industries Ltd 3002.9 0.11 319919 297505 70.48 Nifty Financial Services 21197.25 0.22 6585435


   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: Unemployment Rate (Mar) on 05th April, 2024


  • Bank of America Securities (BoFA) sees a favourable risk reward scenario developing for Divi’s Laboratories as the stock trades at a reasonable valuation in comparison to other largecap peers. The stock took beating in the past year, sharply underperforming other pharma stocks on the back of its two-year earnings downgrade cycle and margin decline to below pre-COVID levels.

  • Kotak Securities Ltd has issued a note of caution over the demerger of Madura Fashion & Lifestyle from Aditya Birla Fashion and Retail Ltd as following this move, the latter is expected to shoulder most of the existing Rs 2,500 crore debt. We believe the operating EBITDA (pre-Ind AS) of the new Aditya Birla Fashion would be Rs 6-7 billion, indicating a fairly high debt-to-EBITDA ratio for the entity,” the brokerage stated.

  • The Indian market ended on a flat note in the highly volatile session on April 3. At close, the Sensex was down 27.09 points, or 0.04 percent, at 73,876.82, and the Nifty was down 18.6 points, or 0.08 percent, at 22,434.70.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ARIGATO General 04-Apr-24 RJSHAH General 06-Apr-24
BINNY Quarterly Results 04-Apr-24 SEML Bonus issue 06-Apr-24
GMBREW Bonus issue;Audited Results;Final Dividend 04-Apr-24 AFFORDABLE General 08-Apr-24
IRB General 04-Apr-24 CUPID Audited Results;General 08-Apr-24
PRAVEG General;Preferential Issue of shares;Issue Of Warrants 04-Apr-24 FORTISMLR Interim Dividend 08-Apr-24
TUNITEX General 04-Apr-24 GUJTLRM Interim Dividend 08-Apr-24
VEDL General 04-Apr-24 JANUSCORP General;Preferential Issue of shares 08-Apr-24
WSI General;Preferential Issue of shares;Issue Of Warrants 04-Apr-24 KAPILCO General 08-Apr-24
7SEASL General 05-Apr-24 KUMPFIN General 08-Apr-24
ARTEMISMED General 05-Apr-24 PVSL Quarterly Results 08-Apr-24
ENERGYDEV General 05-Apr-24 SAKUMA Rights Issue 08-Apr-24
IBREALEST General 05-Apr-24 SANJIVIN General 08-Apr-24
METALFORGE Quarterly Results 05-Apr-24 SHKARTP General 08-Apr-24
MUZALI General 05-Apr-24 TRIL Audited Results;Dividend;General;A.G.M. 08-Apr-24
NEWLIGHT General 05-Apr-24 VKAL Increase in Authorised Capital;Stock  Split 08-Apr-24
KAUSHALYA General 06-Apr-24 BBTCL General 09-Apr-24

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CUPID 04-Apr-24 Bonus issue 1:1 GRAUWEIL 10-Apr-24 Bonus issue 1:1
CUPID 04-Apr-24 Stock  Split From Rs.10/- to Rs.1/- VESUVIUS 10-Apr-24 Final Dividend – Rs. – 12.7500
SAVFI 04-Apr-24 Right Issue of Equity Shares GOODLUCK 12-Apr-24 Interim Dividend – Rs. – 2.0000
SUNCLAY 04-Apr-24 Interim Dividend – Rs. – 5.1500 MOLDTECH 12-Apr-24 Interim Dividend
VBL 04-Apr-24 Final Dividend – Rs. – 1.2500 MOLDTKPAC 12-Apr-24 Interim Dividend
AAPLUSTRAD 05-Apr-24 Right Issue of Equity Shares SHK 12-Apr-24 Interim Dividend – Rs. – 0.7500
BTML 05-Apr-24 Stock  Split From Rs.10/- to Rs.1/- SPRAYKING 12-Apr-24 Stock  Split From Rs.10/- to Rs.2/-
ESABINDIA 05-Apr-24 Interim Dividend – Rs. – 24.0000 FORTISMLR 16-Apr-24 Interim Dividend
VISCO 05-Apr-24 Interim Dividend – Rs. – 1.0000 INFRATRUST 16-Apr-24 Income Distribution (InvIT)
IMFA 08-Apr-24 Special Dividend – Rs. – 15.0000 SBGLP 18-Apr-24 Stock  Split From Rs.10/- to Rs.1/-
INDUSFINL 08-Apr-24 E.G.M. STOVACQ 18-Apr-24 Final Dividend – Rs. – 17.0000
MASL 08-Apr-24 Resolution Plan -Suspension SCHAEFFLER 19-Apr-24 Final Dividend – Rs. – 26.0000
PRIMAPLA 08-Apr-24 Interim Dividend – Rs. – 2.0000 NICCOUCO 23-Apr-24 E.G.M.
PROMAX 08-Apr-24 Bonus issue 1:1 ABB 03-May-24 Final Dividend – Rs. – 23.8000
SUNTV 08-Apr-24 Interim Dividend – Rs. – 3.0000 SANOFI 03-May-24 Final Dividend – Rs. – 117.0000
DCMSRIND 10-Apr-24 Interim Dividend – Rs. – 2.0000 HCLTECH 07-May-24 Interim Dividend

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