The NIFTY opened at 21487.25 with a gap down of just 41 points. The index moved lower for the first five minutes of trading but soon found support and turned up. Prices recorded its intraday low at 21448.85, moved up sharply, and took the index above 21700. The NIFTY found strong resistance just below 21750 and formed a trading range. That range eventually lasted till the end and the index recorded its intraday high at 21741.35. Prices finally closed at 21725.70 near its intraday high with a gain of 203.60 points or 0.95% up. All the sectoral indices have moved up in line with the NIFTY 50 index and closed higher led by PHARMA and REALTY which ended with over 2% gains followed by AUTO, BANK, and METAL. The short-term trend is sideways now which was down before. It was a tale of two halves in the NIFTY 50 index. In the first half, the index rallied sharply by almost 300 points while in the second half, moved within a narrow range of just 90. The long-term trend is down while the long-term momentum has turned up before reaching the weak zone. Both the momentums have aligned on the upside suggesting higher levels may be ahead.


The BANK NIFTY opened at 45295.65 without much of a gap. The index initially moved lower for the first five minutes of trading but found support just above 45000 and turned up after recording its intraday low at 45071.20. A Sharp rally came which found resistance just below 46200 and the index started a consolidation process afterwards. That consolidation continued till the end, prices recorded its intraday high at 46179.75 and finally closed at 45974 with a big gain of 955 points. PSU BANKS have outperformed, saw a sharp upside move, and finally ended with a gain of 2.27%. PVT BANKs have also moved up, saw a sharp upside move, and ended with a gain of 1.16%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by SBIN. The short-term trend changes to sideways which was down before. We have been tracking support around 44500 while resistance around 46500. The index has held the support levels, bounced up, and is now heading towards the resistance level.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
VOLTAS.24.02 Feb 1096.35 7.2 23.51 11025600 LT.24.02 Feb 3497 -4.41 23.23 12691800
GUJGASLTD.24.02 Feb 583.95 4.7 10.87 5800000 INDUSTOWER.24.02 Feb 224.35 -2.88 5.33 91959800
BANKBARODA.24.02 Feb 250.3 4.64 4.66 141028875 CHOLAFIN.24.02 Feb 1192.05 -2.49 10.44 10932500
M&MFIN.24.02 Feb 291.75 4.51 14.72 30586000 AMBUJACEM.24.02 Feb 561.5 -2.37 5.24 53654400
SRF.24.02 Feb 2331 4.49 0.69 4284000 ASTRAL.24.02 Feb 1848 -1.8 0.62 2806449
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
EXIDEIND.24.02 Feb 337.35 5.54 -6.23 15919200 BPCL.24.02 Feb 504.7 -0.65 -1.77 39515400
SYNGENE.24.02 Feb 757.45 5.37 -2.79 5706000
PNB.24.02 Feb 114.95 4.5 -5.82 227040000
AARTIIND.24.02 Feb 662.45 4.04 -0.88 11222000
ATUL.24.02 Feb 6466 3.73 -4.72 308550


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Pidilite Industries Ltd 2533.05 -1.35 3417736 960145 82.26 Nifty50 21725.7 0.95 71520
Godrej Cons Products Ltd 1164.2 -0.65 1918126 1781436 78.83 Niftybank 45996.8 1.39 71520
Icici Prudential Life In 503.25 1.54 1416063 2302795 70.72 Nifty it 36638.4 0.7 71520
Mphasis Limited 2598.5 -0.19 300418 727250 69.45 India Vix 16.05 -0.31 71643
Max Financial Services l 883.35 0.83 2901717 677930 69.3 Nifty Fmcg 55071.4 0.91 71520
Divi S Laboratories Limi 3670.6 3.35 840784 726110 69.01 Nifty Pharma 17938.65 2.68 71520
Colgate Palmolive (india 2569.1 3.16 448037 215891 68.91 Nifty Realty 856.2 2.28 71520
Ltimindtree Limited 5448.55 1.79 536486 566037 68.13 Nifty Auto 19227.15 1.85 71520
Tvs Motor Company Limite 2001.35 2.23 1064182 687461 67.97 Nifty Metal 7973.1 1.39 71520
Atul Ltd. 6431.25 4.05 87638 34350 67.91 Nifty Financial Services 20497.5 1.05 71520


   Domestic                                                                                                                                                  International
INR: Indian Union Budget on 01st February, 2024

INR: FX Reserves, USD on 02nd February, 2024

USD: Manufacturing PMI (Jan) on 01st February, 2024

USD: Initial Jobless Claims on 01st February, 2024


  • The Sensex and the Nifty erased early morning losses to end higher on January 31 in sync with the indices’ one-day-up and one-day-down pattern of the past five sessions on the budget eve. Market sentiment is running positive ahead of the Interim Budget, the one before the 2024 Lok Sabha elections, analysts said. The Sensex closed 612.21 points or 0.86 percent higher at 71,752, and the Nifty gained 203.60 points or 0.95 percent at 21,726.

  • The Central government’s fiscal deficit widened to Rs 9.82 lakh crore in April-December from Rs 9.07 lakh crore in April-November, data released by the Controller General of Accounts on January 31 showed. At Rs 9.82 lakh crore, the fiscal deficit for the first nine months of the current financial year accounts for 55.0 percent of the full-year target of Rs 17.87 lakh crore.

  • Maruti Suzuki India Limited’s reported better-than-expected standalone net profit of Rs 3,130 crore in December quarter, up 33 percent from the year -ago period, on a favourable product mix, higher realisation and improved volumes. The company’s Profit After Tax (PAT) during the same quarter last year was Rs 2,351.3 crore. The country’s largest carmaker’s revenue increased 15 percent to Rs 33,309.7 crore from Rs 29,044.3 crore in the year-ago period.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AAVAS Quarterly Results 01-Feb-24 ATL Employees Stock Option Plan;Quarterly Results 01-Feb-24
ABBOTINDIA Quarterly Results 01-Feb-24 AVALON Quarterly Results 01-Feb-24
ABCAPITAL Quarterly Results 01-Feb-24 AYOME Quarterly Results 01-Feb-24
ABHIJIT Quarterly Results 01-Feb-24 BATAINDIA Quarterly Results 01-Feb-24
ADANIENT Quarterly Results 01-Feb-24 BAYERCROP Quarterly Results 01-Feb-24
ADANIPORTS Quarterly Results 01-Feb-24 BENGALS Quarterly Results 01-Feb-24
ADMANUM General;Quarterly Results 01-Feb-24 BHARATSE Quarterly Results 01-Feb-24
ADORMUL General;Quarterly Results 01-Feb-24 CASTROLIND Final Dividend;Audited Results 01-Feb-24
ADORWELD General;Quarterly Results 01-Feb-24 CUB Quarterly Results 01-Feb-24
ADSL General;Quarterly Results 01-Feb-24 DEEPAKFERT Quarterly Results 01-Feb-24
AETHER General;Quarterly Results 01-Feb-24 ECLERX Quarterly Results 01-Feb-24
ALSTONE Quarterly Results 01-Feb-24 FGP Quarterly Results 01-Feb-24
APTUS Interim Dividend;Quarterly Results 01-Feb-24 FIVESTAR Quarterly Results 01-Feb-24
ARTEFACT Quarterly Results 01-Feb-24 GCCL Quarterly Results 01-Feb-24
ARVSMART Quarterly Results 01-Feb-24 GMMPFAUDLR Quarterly Results 01-Feb-24
ASUTENT Quarterly Results 01-Feb-24 GODREJAGRO Quarterly Results 01-Feb-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BIGBLOC 01-Feb-24 Interim Dividend – Rs. – 0.2000 OBEROIRLTY 02-Feb-24 Interim Dividend – Rs. – 2.0000
CESC 01-Feb-24 Interim Dividend – Rs. – 4.5000 RELTD 02-Feb-24 E.G.M.
HARSHILAGR 01-Feb-24 E.G.M. SANDUMA 02-Feb-24 Bonus issue 5:1
HAVELLS 01-Feb-24 Interim Dividend – Rs. – 3.0000 SHAREINDIA 02-Feb-24 Interim Dividend – Rs. – 3.0000
IBULHSGFIN 01-Feb-24 Right Issue of Equity Shares ZENSARTECH 02-Feb-24 Interim Dividend – Rs. – 2.0000
PURVA 01-Feb-24 Interim Dividend – Rs. – 6.3000 ADSDIAG 05-Feb-24 E.G.M.
REGENCY 01-Feb-24 E.G.M. APCOTEXIND 05-Feb-24 Interim Dividend – Rs. – 2.0000
ROUTE 01-Feb-24 Interim Dividend – Rs. – 3.0000 CGPOWER 05-Feb-24 Interim Dividend – Rs. – 1.3000
SALASAR 01-Feb-24 Bonus issue 4:1 COFORGE 05-Feb-24 Interim Dividend – Rs. – 19.0000
TIPSINDLTD 01-Feb-24 Interim Dividend – Rs. – 3.0000 IRBINVIT 05-Feb-24 Income Distribution (InvIT)
WENDT 01-Feb-24 Interim Dividend – Rs. – 30.0000 MAAGHADV 05-Feb-24 Stock  Split From Rs.10/- to Rs.1/-
BALKRISIND 02-Feb-24 Interim Dividend – Rs. – 4.0000 MAAGHADV 05-Feb-24 Bonus issue 1:4
CONTROLPR 02-Feb-24 Interim Dividend – Rs. – 4.0000 MGL 05-Feb-24 Interim Dividend – Rs. – 12.0000
IEX 02-Feb-24 Interim Dividend – Rs. – 1.0000 SONACOMS 05-Feb-24 Interim Dividend – Rs. – 1.5300
KKCL 02-Feb-24 Interim Dividend – Rs. – 2.0000 TANLA 05-Feb-24 Interim Dividend – Rs. – 6.0000
MRPL 02-Feb-24 Interim Dividend – Rs. – 1.0000 AARTIDRUGS 06-Feb-24 Interim Dividend – Rs. – 1.0000

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