Nifty opened at 22455 today, 128 points higher and made all time high of 22529.95 in SPOT nifty but after making fresh highs it remain in a tight range of 50 points, Key heavyweights like HDFC Bank, LT, TCS, ICICI Bank and Axis Banks witnessed buying interest which manages to hold nifty gains while Reliance, Infy, and Auto stocks drifted market on lower side.

Nifty hit its resistance in the early session and remain at that levels throughout the day, but formation is good and we can see further trend extension from hereon which can lead nifty to 22600-22700 levels in coming weeks, in that scenario 22340-22350 would be strong support for the nifty.

Banking shares remain in limelight and were on positive side, specially HDFC Bank which has shown immediate resistance breakout after a very long consolidation on lower side.  Bank Nifty is looking very promising and may support Nifty in near term as their charts are looking better compared to other heavyweights.

Sector specific Metal, Financial Nifty, Bank Nifty, Healthcare index , Realty, PSU index and Pharma index were on positive side and are looking good for days to come, Fin Nifty and Bank nifty is looking very promising at current levels.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDCOPPER.24.04 Apr 311.6 12.35 765.09 32049100 METROPOLIS.24.04 Apr 1686.1 -2.65 91.9 1469200
INDUSTOWER.24.04 Apr 316.9 8.86 902.47 91208400 BERGEPAINT.24.04 Apr 558.5 -2.61 2695.99 12880560
MCX.24.04 Apr 3591 7.34 2366.88 3098400 EICHERMOT.24.04 Apr 3965.9 -1.38 1785.78 4224150
ZEEL.24.04 Apr 148.45 7.18 913.34 130812000 GODREJCP.24.04 Apr 1233.45 -1.3 3252.51 5682500
NATIONALUM.24.04 Apr 163.15 6.91 4278.11 87015000 TITAN.24.04 Apr 3771.15 -0.97 532.46 5022675
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BANKNIFTY.24.04 Apr 47942.85 0.84 -40.13 1950660


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
The Ramco Cements 845.95 4.37 2033953 1255301 81.23 Nifty50 22462 0.61 71565
Tata Consumer Products l 1086.9 -0.85 2229535 5234585 77.87 Niftybank 47578.25 0.96 71565
Dalmia Bharat Limited 1992.3 2.58 629540 493706 75.91 Nifty it 35042.8 0.41 71565
Dabur India Ltd. 529.15 1.15 847682 1738052 75.14 India Vix 12.08 -5.85 82995
Jk Cement Limited 4283.1 5.08 244709 95857 75.06 Nifty Fmcg 53889.15 -0.11 71565
Ltimindtree Limited 4882.6 -1.13 626289 857207 73.27 Nifty Pharma 19207.9 1.11 71565
Atul Ltd. 5797.2 0.99 66265 91221 72.72 Nifty Realty 939.9 4.36 71565
Page Industries Limited 34630 0.52 26588 22046 72.42 Nifty Auto 21385.25 -0.16 71565
Godrej Cons Products Ltd 1228.35 -1.87 901422 963400 72.19 Nifty Metal 8562.7 3.7 71565
Abbott India Limited 27510 1.44 12958 23820 70.07 Nifty Financial Services 21198.4 1 71565


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

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

USD: JOLTs Job Openings (Feb) on 02nd April, 2024

USD: Crude Oil Inventories on 03rd April, 2024


  • In the first session of FY25, benchmarks the Sensex and the Nifty hit fresh all-time highs. The Sensex was up 363.20 points or 0.49 percent at 74,014.55, and the Nifty was up 135.10 points or 0.61 percent at 22,462.00. About 3,107 shares advanced, 657 declined and 145 were unchanged.

  • PSU Bank stocks rallied on April 1, pushing the Nifty PSU index up by over a percent. The current benign credit environment has supported asset quality of these banks, helping the stocks to rise, analysts said. Bank of America (BoFA) Securities is bullish on smaller PSU banks, citing better risk-reward on higher earnings growth and valuation upside.

  • Sebi chief Madhabi Puri Buch felt like locked in a pressure cooker when she was a student for two years at the Indian Institute of Management, Ahmedabad. The chairperson of the Securities and Exchange Board of India shared her feelings at the 59th Annual Convocation of the institute on March 30. She recalled the life under intense pressure, growing panic, escalating self-doubt, and a frantic race against deadlines.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
DEVLAB General 02-Apr-24 AGOL Quarterly Results;General;Audited Results 10-Apr-24
EXHICON General 02-Apr-24 BETALA Quarterly Results;Audited Results 10-Apr-24
GOPAL Quarterly Results 02-Apr-24 ANGELONE Quarterly Results;Audited Results 17-Apr-24
JSWENERGY General 02-Apr-24 ICICIGI Final Dividend;Audited Results 17-Apr-24
MANRAJH Quarterly Results;General 02-Apr-24 INFY Final Dividend;Audited Results 18-Apr-24
SDBL General;Stock  Split 02-Apr-24 ISEC Audited Results 18-Apr-24
AIHL General 03-Apr-24 AMAL Audited Results 19-Apr-24
KAMOPAINTS General;Stock  Split 03-Apr-24 HDFCAMC Final Dividend;Audited Results 19-Apr-24
WSI General;Issue Of Warrants;Preferential Issue of shares 03-Apr-24 HDFCBANK Final Dividend;Audited Results 20-Apr-24
BINNY Quarterly Results 04-Apr-24 PERSISTENT Final Dividend;Audited Results 22-Apr-24
IRB General 04-Apr-24 ICICIPRULI Quarterly Results;Audited Results 23-Apr-24
7SEASL General 05-Apr-24 NAM-INDIA Final Dividend;Audited Results 24-Apr-24
METALFORGE Quarterly Results 05-Apr-24 MPHASIS Final Dividend;Audited Results 25-Apr-24
FORTISMLR Interim Dividend 08-Apr-24 NESTLEIND Audited Results 25-Apr-24
OKPLA Audited Results 08-Apr-24 TECHM Final Dividend;Audited Results 25-Apr-24
VKAL Stock  Split;Increase in Authorised Capital 08-Apr-24 UTIAMC Quarterly Results;General;Audited Results;Dividend 25-Apr-24

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BDL 02-Apr-24 Interim Dividend – Rs. – 8.8500 VISCO 05-Apr-24 Interim Dividend – Rs. – 1.0000
FRSHTRP 02-Apr-24 Buy Back of Shares IMFA 08-Apr-24 Special Dividend
GPTHEALTH 02-Apr-24 Interim Dividend – Rs. – 1.0000 INDUSFINL 08-Apr-24 E.G.M.
TVSHLTD 02-Apr-24 Interim Dividend – Rs. – 94.0000 MASL 08-Apr-24 Resolution Plan -Suspension
ASHOKLEY 03-Apr-24 Interim Dividend – Rs. – 4.9500 PRIMAPLA 08-Apr-24 Interim Dividend
IYKOTHITE 03-Apr-24 Right Issue of Equity Shares SUNTV 08-Apr-24 Interim Dividend – Rs. – 3.0000
SEML 03-Apr-24 Bonus issue 1:2 DCMSRIND 10-Apr-24 Interim Dividend – Rs. – 2.0000
SHIVACEM 03-Apr-24 Right Issue of Equity Shares VESUVIUS 10-Apr-24 Final Dividend – Rs. – 12.7500
CUPID 04-Apr-24 Bonus issue 1:1 SHK 12-Apr-24 Interim Dividend
CUPID 04-Apr-24 Stock  Split From Rs.10/- to Rs.1/- STOVACQ 18-Apr-24 Final Dividend – Rs. – 17.0000
SAVFI 04-Apr-24 Right Issue of Equity Shares SCHAEFFLER 19-Apr-24 Final Dividend – Rs. – 26.0000
SUNCLAY 04-Apr-24 Interim Dividend – Rs. – 5.1500 NICCOUCO 23-Apr-24 E.G.M.
VBL 04-Apr-24 Final Dividend – Rs. – 1.2500 ABB 03-May-24 Final Dividend – Rs. – 23.8000
AAPLUSTRAD 05-Apr-24 Right Issue of Equity Shares SANOFI 03-May-24 Final Dividend – Rs. – 117.0000
BTML 05-Apr-24 Stock  Split From Rs.10/- to Rs.1/- HCLTECH 07-May-24 Interim Dividend
ESABINDIA 05-Apr-24 Interim Dividend – Rs. – 24.0000

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