The NIFTY opened at 18081 without much of a gap. The index shows strong momentum and moved up quickly after recording its intraday low at 18066.70 in its initial trades. The rally continued for the whole day with minor dips in between. Those dips were used to add or take fresh positions and prices have broken above 17200 comfortably. The index recorded its intraday high at 18267.45 and finally closed at 18255.80 near its day’s highs with a gain of 165.95 points or 0.92% up. All the sectoral indices have closed with gains except FMCG which ended with a loss of just 0.13%, FINANCIAL and METAL outperformed today and led the bulls by closing more than 1% higher. Last two days of narrow range resolved on the upside. A sharp intraday rally broke above the 18100-18200 resistance zone. Support is now shifted around 18000. We should look for buying only as long as prices are trading above 18000 support.


The BANK NIFTY opened at 43236.10 with a gap down of 56 points. The index initially started a process of consolidation that eventually broke on the upside after recording its intraday low at 43213.95. Prices have rallied higher throughout the day, recorded its intraday high at 43739.80, and finally closed at 43653.90 with a gain of 361 points. PSU BANK has outperformed today, saw a sharp intraday rally, and closed with a gain of 1.23%. PVT BANK has also moved up today and closed with a gain of 0.62% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. The short-term trend is up. The last two days of narrow price action resolved on the upside. Prices have broken out from its resistance level around 43500 and closed above to this level. Support is now visible around 42500.


BAJAJ FINSERVE 1374.45 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1378.70 with a stop loss of 1367.10 and a target of 1399.35.
DABUR 530.40 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 528.10 with a stop loss of 533.05 and a target of 518.20.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DABUR 530 PE BUY 8.15 CMP 5.70 13.25 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CHOLAFIN.23.05 May 956.1 7.67 12.23 12033750 PETRONET.23.05 May 227.6 -4.17 4.48 14703000
M&MFIN.23.05 May 287.85 5.42 6.28 25644000 MGL.23.05 May 990 -1.81 1.93 1778400
ABB.23.05 May 3657.85 5.2 15.31 1651250 HAL.23.05 May 2971.95 -1.75 9.94 2948700
ADANIENT.23.05 May 1928.95 4.32 3.9 8525000 UPL.23.05 May 733.2 -1.48 0.33 14406600
INDIAMART.23.05 May 5963.3 4.2 2.01 274650 GNFC.23.05 May 596.6 -1.41 10.85 8989500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MANAPPURAM.23.05 May 119.25 4.24 -14.28 46590000 IDFC.23.05 May 90.45 -1.47 -0.43 166530000
BAJFINANCE.23.05 May 6407.2 3.19 -3.75 4026500 ALKEM.23.05 May 3503.45 -1.08 -0.82 605800
MUTHOOTFIN.23.05 May 1053.55 3.12 -0.33 7240200 BHEL.23.05 May 86.6 -0.97 -5.19 103782000
JUBLFOOD.23.05 May 472.7 2.96 -3.04 15012500 TATAMOTORS.23.05May 482.75 -0.82 -0.75 54841125
ATUL.23.05 May 6790.2 2.93 -17.81 200700 MARICO.23.05 May 500.25 -0.8 -0.7 9560400


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3480.25 -1.05 82813 108716 73.01 Nifty50 18255.8 0.92 31800051
Sbi Life Insurance Compa 1167.45 2.69 2409910 453511 72.74 Niftybank 43685.45 0.86 13289337
Tata Consultancy Serv Lt 3220.7 1.28 1953253 1763171 71.43 Nifty it 27883.2 0.5 777266
Crompton Greaves Consume 256.9 -0.21 3582286 4889278 70.9 India Vix 11.73 -0.93 489482011
Hdfc Ltd. 2862.05 2.67 4703010 1406209 70.66 Nifty Fmcg 48057.35 -0.13 339726
Torrent Pharma Ltd. 1659.55 0.27 103050 295425 70.51 Nifty Pharma 12654.65 0.54 45797737
Infosys Limited 1273.55 0.35 4505401 3896287 70.21 Nifty Realty 446.4 0.04 1297104722
Icici Lombard General In 1089.8 0.12 470960 308053 68.68 Nifty Auto 13292.55 0.11 43554169
Eicher Motors Ltd 3339.3 -0.27 325535 394089 68.21 Nifty Metal 5895.05 1.22 98451318
Maruti Suzuki India Ltd 8800.6 0.04 271926 361127 67.25 Nifty Financial Services 19479.35 1.55 7204981


   Domestic                                                                                                                                                  International
INR: Deposit Growth on 5th May, 2023

INR: Bank Loan Growth on 5th May, 2023

 USD: Nonfarm Payrolls (Apr) on 5th May, 2023

USD: Unemployment Rate (Apr) on 5th May, 2023


  • India’s benchmark Sensex gained 0.91 percent or 555.95 points to close at 61749.25 points while Nifty rose 0.92 percent or 165.95 points to 18255.80 points. Among sectoral indices all sectors ended higher except Nifty FMCG which fell 0.13 percent . Nifty Financial Services was the top gainer that rose 1.55 percent followed by Nifty Metal and PSU Bank which gained 1.3 percent each.

  • Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani’s ports-to-energy group, on Thursday reported more than doubling of net profit in the March quarter on the back of growth in airports and road businesses.

  • Housing Development Finance Corporation (HDFC) on May 4 reported an 19.59 percent growth in standalone net profit at Rs 4,425.50 crore for the quarter ended March, as against Rs 3,700.32 crore, reported a year ago.

  • Yamuna Expressway Authority launches group housing scheme, eyes Rs 479 crore revenue. Alongside, the authority has also launched a commercial plots scheme and aims to rake in Rs 22 crore from that auction.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADANIPOWER Audited Results;General 05-May-23 MARICO Audited Results 05-May-23
AJANTPHARM Audited Results 05-May-23 MERCURYLAB A.G.M.;Audited Results;Final Dividend;General;Quarterly Results 05-May-23
APLLTD Audited Results;Final Dividend 05-May-23 METALFORGE Quarterly Results 05-May-23
ARTEMISMED Audited Results;Dividend 05-May-23 MIRCH Audited Results;Increase in Authorised Capital;General;Preferential Issue of shares 05-May-23
ASHCAP Audited Results;Bonus issue 05-May-23 NAVIGANT Audited Results 05-May-23
AYMSYNTEX Audited Results 05-May-23 OLECTRA Audited Results;Final Dividend 05-May-23
BHANDHOS General 05-May-23 PAYTM Audited Results 05-May-23
BHARATFORG Audited Results;Final Dividend 05-May-23 PEL Audited Results;Final Dividend 05-May-23
BLUEDART Audited Results;Dividend 05-May-23 PHOTOQUP Preferential Issue of shares 05-May-23
BRITANNIA Audited Results 05-May-23 PTL Audited Results;Final Dividend 05-May-23
CHEMTECH Audited Results 05-May-23 QUEST Audited Results 05-May-23
CLARA Audited Results;Right Issue of Equity Shares;Half Yearly Results 05-May-23 RML Audited Results 05-May-23
COMFINCAP Audited Results;General 05-May-23 SELAN Audited Results 05-May-23
DCBBANK Audited Results;Final Dividend;General 05-May-23 SERA Audited Results;General;Quarterly Results 05-May-23
EQUITASBNK Audited Results;Dividend 05-May-23 SGRL Audited Results;Final Dividend 05-May-23
FEDERALBNK Audited Results;Final Dividend 05-May-23 STYLAMIND Audited Results 05-May-23
FLUOROCHEM Audited Results;Final Dividend 05-May-23 SUNCLAYLTD Audited Results 05-May-23
GIPCL General 05-May-23 SUTLEJTEX Audited Results;Final Dividend 05-May-23
GOCOLORS Audited Results 05-May-23 SVARTCORP Audited Results 05-May-23
GRADIENTE Audited Results;Issue Of Warrants;Preferential Issue of shares 05-May-23 SYMPHONY Audited Results;Final Dividend 05-May-23
HEERAISP Quarterly Results 05-May-23 TATAINVEST Audited Results;Final Dividend 05-May-23
IGCIL Audited Results 05-May-23 TATVA Audited Results;Final Dividend 05-May-23
INDAG Audited Results;Final Dividend 05-May-23 TRF General;Quarterly Results 05-May-23
INDOCITY Audited Results 05-May-23 VAL General 05-May-23
INTECH Right Issue of Equity Shares 05-May-23 VASUDHAGAM Audited Results;General 05-May-23
KARTKIN Audited Results 05-May-23 VINTAGES Audited Results 05-May-23
KFINTECH Audited Results 05-May-23 VTL Audited Results;Final Dividend 05-May-23
LUHARUKA Audited Results;General 05-May-23 WEBELSOLAR General 05-May-23
MADHAVIPL Audited Results 05-May-23 WINDLAS* Audited Results;Final Dividend 05-May-23
MAHACORP Audited Results;Quarterly Results 05-May-23 YURANUS Audited Results 05-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
OFSS 09-May-23 Interim Dividend – Rs. – 225.0000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
RKFORGE 09-May-23 Interim Dividend – Rs. – 0.5000 MAHABANK 02-Jun-23 Final Dividend – Rs. – 1.3000
COFORGE 10-May-23 Interim Dividend – Rs. – 19.0000 MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
LAURUSLABS 10-May-23 Interim Dividend – Rs. – 1.2000 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
MINDSPACE 10-May-23 Income Distribution RITES PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
WELSPUNIND 10-May-23 Buy Back of Shares SOLARINDS 09-Jun-23 Final Dividend – Rs. – 8.0000
INDIAMART 11-May-23 Final Dividend – Rs. – 20.0000 VOLTAS 09-Jun-23 Final Dividend – Rs. – 4.2500
KKCL 11-May-23 Interim Dividend – Rs. – 2.0000 HIGHENE 16-Jun-23 Final Dividend – Rs. – 3.5000
SIRCA 11-May-23 Bonus issue 1:1 SHRIRAMFIN 16-Jun-23 Final Dividend – Rs. – 20.0000
360ONE 12-May-23 Interim Dividend HINDUNILVR 19-Jun-23 Final Dividend – Rs. – 22.0000
APTUS 12-May-23 Interim Dividend NEWGEN 20-Jun-23 Final Dividend – Rs. – 5.0000
IRBINVIT 12-May-23 Income Distribution (InvIT) SUPREMEIND 21-Jun-23 Final Dividend – Rs. – 20.0000
RISHYRN 12-May-23 E.G.M. EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500
STEELXIND 12-May-23 E.G.M. TATASTEEL 22-Jun-23 Final Dividend – Rs. – 3.6000
ANURAS 15-May-23 Interim Dividend – Rs. – 1.5000 DBOL 23-Jun-23 Dividend – Rs. – 3.5000
DRAGARWQ 15-May-23 Interim Dividend NATHBIOGEN 23-Jun-23 Final Dividend – Rs. – 2.0000
SULA 15-May-23 Final Dividend – Rs. – 5.2500 SPLPETRO 27-Jun-23 Final Dividend – Rs. – 7.0000
TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000 WELSPUNIND 27-Jun-23 Final Dividend – Rs. – 0.1000
VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/- BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000
GMBREW 16-May-23 Final Dividend – Rs. – 6.0000 BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000
HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000 BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000
FOSECOIND 17-May-23 Final Dividend – Rs. – 25.0000 BAJFINANCE 30-Jun-23 Final Dividend – Rs. – 30.0000
LEX 18-May-23 E.G.M. KUANTUM 30-Jun-23 Final Dividend – Rs. – 3.0000
TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500 MAHSCOOTER 30-Jun-23 Final Dividend – Rs. – 60.0000
TRENT 25-May-23 Dividend – Rs. – 2.2000 NAM-INDIA 30-Jun-23 Final Dividend – Rs. – 7.5000
RALLIS 30-May-23 Final Dividend – Rs. – 2.5000 SONACOMS 30-Jun-23 Final Dividend – Rs. – 1.5300
RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/- SYNGENE 30-Jun-23 Final Dividend – Rs. – 0.5000

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