The NIFTY opened at 18313.60 with a gap up of 48 points. The index could not sustain at the higher levels and started moving on the downside sharply. Prices have seen a down move of almost 100 points within the first hour of trading and recorded its intraday low at 18211.95. The index then bounced up from there. The NIFTY has seen a modest up move afterward which lasted till the end. Prices have recorded its intraday high at 18326.75 and finally closed at 18315.10 with a gain of 49.15 points or 0.27% up. MEDIA outperformed today and dosed with a gain of over 1% followed by REALTY, OIL GAS, and AUTO. IT and METAL underperformed today and closed with minor losses. The short-term trend is still up as the index is moving near the top of an ongoing up move. As mentioned earlier, the support is now visible around 18050 while resistance may emerge around 18400.


The BANK NIFTY opened at 43275.25 with a gap up of 104 points. The index could not sustain at the higher levels and started drifting downward after recording its intraday high at 43375.35. Prices have seen a sharp decline in the first hour of trading and recorded its intraday low at 42822.15. The index then moved up and saw a mild rally that lasted till the end. Prices have finally dosed at 43343.85 with a gain of 172 points. PSU BANK has underperformed today, saw a sharp intraday decline, and closed with a loss of 1.06%. PVT BANK has outperformed today and closed with a gain of 0.52%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while PNB contributed the lowest. The short-term trend is still up. However, the index is still moving within a narrow trading range inside 42500 as support and 43500 as resistance.


ADANI ENT 1984.65 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1988 with a stop loss of 1900 and a target of 2200.
ITC 420.40 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 419.65 with a stop loss of 423.10 and a target of 413.90.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NTPC  180 CE BUY 2.25 CMP 1.50 3.75 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GUJGASLTD.23.05 May 490.8 5.62 10.77 7176250 DRREDDY.23.05 May 4553.95 -6.9 25.75 3510875
ADANIENT.23.05 May 1993.85 4.93 7.72 9228500 LT.23.05 May 2251.25 -5.32 36.83 13470900
SBICARD.23.05 May 860.85 4.79 4.1 7372800 ABCAPITAL.23.05 May 164.5 -4.08 0.83 30909600
ASIANPAINT.23.05 May 3151.6 3.11 4.36 6101000 HINDALCO.23.05 May 422.3 -3.83 18.45 26789000
ADANIPORTS.23.05 May 710.85 2.66 0.73 37573750 DIVISLAB.23.05 May 3315.05 -2.83 5.67 3487200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.05 May 7.15 5.15 -0.31 456190000 LAURUSLABS.23.05 May 321.85 -3.45 -4.76 13611400
GNFC.23.05 May 625.2 3.93 -9.07 7035600 METROPOLIS.23.05 May 1321.9 -2.76 -0.68 1350400
UBL.23.05 May 1421.15 2.91 -0.98 2014400 ALKEM.23.05 May 3515.05 -2.35 -3.12 528000
JKCEMENT.23.05 May 3080.4 2.5 -4.85 412250 AUROPHARMA.2305May 608.15 -2.04 -4.13 9140000
PIDILITIND.23.05 May 2571.75 2.25 -7.38 2422500 MGL.23.05 May 1081.1 -1.83 -9.55 2114400


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Atul Ltd. 6916.55 0.84 84683 81250 80.35 Nifty50 18297 -0.1 31146557
Sun Pharma  Ltd 961.05 0.76 1296607 1751954 80.33 Niftybank 43475.3 0.33 13108779
Sbi Life Insurance Compa 1185.4 -0.29 621616 1073128 75.56 Nifty it 28102 0.04 886142
Alkem 3497.65 -2.46 99457 141082 74.55 India Vix 13.22 1.07 428963805
Hero Motocorp Limited 2585.45 -0.02 506829 395060 71.95 Nifty Fmcg 48865 0.46 529632
Voltas Ltd. 813.6 0.76 886748 1018094 71.92 Nifty Pharma 12557.05 -1.26 45284173
Infosys Limited 1256.1 -0.57 6888461 4646788 71.32 Nifty Realty 454.5 0.48 1256199077
Ultratech Cement Limited 7835.45 1.19 320219 165510 70.46 Nifty Auto 13803.75 0.38 41348989
Ntpc Limited 179.55 1.41 12125975 4217107 67.67 Nifty Metal 5797.3 -0.43 98072127
Power Grid Corporation o 248.55 0.36 9462545 4859707 66.87 Nifty Financial Services 19401.5 0.33 5251312


   Domestic                                                                                                                                                  International
INR: Thomson Reuters IPSOS PCSI (MoM) (May) on 12th May, 2023

INR: CPI (YoY) (Apr) on 12th May, 2023

 USD: Retail Sales (MoM) (Apr) on 16th May, 2023

USD: Building Permits (Apr) on 17th May, 2023


  • TheSensexwas down 35.68 points or 0.06 percent at 61,0-5/52, and the Nifty was down 18.10 points or 0.10 percent at 18,297. About 2,052 shares advanced, 1,427 shares declined, and 153 shares were unchanged.

  • Asian Paints on May 11 reported consolidated net profit of Rs 1,234.14 crore in the March quarter of FY23, a growth of 45.12 percent from Rs 850.42 crore in the year-ago period. The company’s revenue from operations came in at Rs 8,787.34 crore, rising 11.33 percent over Rs 7,892.67 crore in the year-ago quarter.

  • Cipla Q4 preview: The company is expected to double its consolidated net profit to Rs 723.4 crore from Rs 362.07 crore in the year-ago quarter. It is also seen as the biggest beneficiary of a strong flu season in India.

  • The BOE delivers a quarter-point rate hike to 4.5% as expected, with seven policymakers in favour of the move and two against, reported Bloomberg.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTIPHARM Audited Results;General;Quarterly Results 12-May-23 HINDPETRO Audited Results 12-May-23
ALEMBICLTD Audited Results;Final Dividend;General;Quarterly Results 12-May-23 HONDAPOWER Audited Results;Final Dividend 12-May-23
ALPHALOGIC Audited Results;Quarterly Results 12-May-23 HPAL Audited Results 12-May-23
APLAPOLLO Audited Results;Final Dividend 12-May-23 IGL Audited Results;Final Dividend 12-May-23
ARCHITORG Audited Results;Final Dividend 12-May-23 INDIGRID Audited Results;General 12-May-23
ASWTR General 12-May-23 INFOBEAN Audited Results;Final Dividend 12-May-23
AYOME Audited Results;General 12-May-23 IOB Audited Results 12-May-23
BANARBEADS Audited Results 12-May-23 JDORGOCHEM Audited Results 12-May-23
BOMBCYC Audited Results;Final Dividend;General 12-May-23 JYOTISTRUC General 12-May-23
BRPL Audited Results 12-May-23 KELENRG Audited Results;Final Dividend 12-May-23
BUTTERFLY Audited Results 12-May-23 KENNAMET Interim Dividend;Quarterly Results 12-May-23
CHOLAHLDNG Audited Results;Final Dividend 12-May-23 KIRLFER Audited Results;Dividend;General 12-May-23
CHOWGULSTM A.G.M.;Audited Results;General 12-May-23 KOKUYOCMLN Audited Results;Dividend 12-May-23
CIPLA Audited Results;Final Dividend;Quarterly Results 12-May-23 LEADFIN Audited Results 12-May-23
COCHMAL Audited Results 12-May-23 LELAVOIR General 12-May-23
COLPAL Audited Results;Interim Dividend 12-May-23 LEX Audited Results;General 12-May-23
COSYN Audited Results 12-May-23 LINC Audited Results;Final Dividend;Quarterly Results 12-May-23
CUBEXTUB Audited Results;General 12-May-23 LXCHEM Audited Results;Final Dividend 12-May-23
DISHTV Audited Results;General 12-May-23 MAGANTR General 12-May-23
DLF Audited Results;Final Dividend 12-May-23 MANAPPURAM Audited Results;Interim Dividend;General 12-May-23
DNAMEDIA Audited Results;Quarterly Results 12-May-23 MDRNSTL Audited Results;General 12-May-23
ELFORGE Audited Results 12-May-23 MFSL Audited Results 12-May-23
ESARIND General 12-May-23 MIRCH Audited Results;Increase in Authorised Capital;General;Preferential Issue of shares 12-May-23
ETHOSLTD Audited Results 12-May-23 MODAIRY Audited Results;General 12-May-23
FOODSIN Audited Results;Final Dividend 12-May-23 MSECURI Audited Results;General 12-May-23
GANGOTRI Audited Results 12-May-23 NIBE Audited Results;Dividend 12-May-23
GAYATRIBI Audited Results 12-May-23 NUTRICIRCLE Audited Results;General 12-May-23
GESHIP Audited Results;Dividend 12-May-23 OLYMTFI Audited Results 12-May-23
GILLANDERS Audited Results;Dividend 12-May-23 ONWARDTEC Audited Results;Final Dividend 12-May-23
GREAVESCOT Audited Results;Final Dividend;General 12-May-23 ORIENTELEC Audited Results;Final Dividend 12-May-23
GULPOLY Audited Results;Bonus issue;Final Dividend 12-May-23 OSCARGLO Audited Results;Quarterly Results 12-May-23
HAL Audited Results 12-May-23 PHYTO Audited Results;General 12-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
360ONE 12-May-23 Interim Dividend – Rs. – 4.0000 ALICON 19-May-23 Interim Dividend
APTUS 12-May-23 Interim Dividend – Rs. – 2.0000 HOMEFIRST 19-May-23 Final Dividend – Rs. – 2.6000
IRBINVIT 12-May-23 Income Distribution (InvIT) JMFINANCIL 19-May-23 Final Dividend – Rs. – 0.9000
RISHYRN 12-May-23 E.G.M. RAIN 19-May-23 Interim Dividend – Rs. – 1.0000
STEELXIND 12-May-23 E.G.M. TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500
ANURAS 15-May-23 Interim Dividend – Rs. – 1.5000 KMSMEDI 22-May-23 E.G.M.
DRAGARWQ 15-May-23 Interim Dividend ROSSARI 24-May-23 Final Dividend – Rs. – 0.5000
SULA 15-May-23 Final Dividend – Rs. – 5.2500 GENPHARMA 25-May-23 E.G.M.
TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000 TRENT 25-May-23 Dividend – Rs. – 2.2000
VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/- RALLIS 30-May-23 Final Dividend – Rs. – 2.5000
GMBREW 16-May-23 Final Dividend – Rs. – 6.0000 SHREECEM 01-Jun-23 Interim Dividend
HDFC 16-May-23 Interim Dividend – Rs. – 44.0000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000 MAHABANK 02-Jun-23 Final Dividend – Rs. – 1.3000
INDINFR 16-May-23 Income Distribution (InvIT) MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
SUNDRMFAST 16-May-23 Interim Dividend – Rs. – 3.0600 PAGEIND 02-Jun-23 Interim Dividend
VEERKRUPA 16-May-23 Bonus issue 2:3 HARDWYN 05-Jun-23 Bonus issue 1:3
VEERKRUPA 16-May-23 Stock  Split From Rs.10/- to Rs.1/- HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
FOSECOIND 17-May-23 Final Dividend – Rs. – 25.0000 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
INDIGRID 18-May-23 Income Distribution (InvIT) TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
LEX 18-May-23 E.G.M. PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
 MANINFRA 19-May-23 Interim Dividend – Rs. – 0.3600 RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
ADVENZYMES 19-May-23 Interim Dividend INDHOTEL 09-Jun-23 Final Dividend – Rs. – 1.0000

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