The NIFTY opened at 19345.85 with a big gap up of 115 points. Prices initially moved sideways, eventually broke on the upside but soon started drifting downward. The decline found support quickly and prices again resumed moving higher. The index continued moving higher till the end with some minor dips in between and crossed above 19400 comfortably. The index first recorded its intraday low at 19309.70, then its intraday high at 19423, and finally closed at 19411.75 near its day’s high with a gain of 181.15 points or 0.94% up. All the sectoral indices have moved higher today and closed with gains. METAL, PHARMA, OIL GAS, and REALTY outperformed today and closed with a gain of over 1% followed by BANK and FINANCIAL. The index has broken out its resistance level around 19300 decisively. Fresh support is now visible around 19200 while resistance may emerge around 19500.


The BANK NIFTY opened at 43627.75 with a big gap up of 321 points. The index could not sustain at the higher levels and started drifting downwards. However, the decline found support quickly and prices have resumed its up move and kept on rising till the end. The index recorded its intraday high at 43648.70, its intraday low at 42415.20, and finally closed at 43628 with a gain of 322 points. PVT BANK has outperformed today, saw a sharp upside move, and closed with a gain of 0.97%. PSU BANK has underperformed today, saw a sharp downside move, and closed with a loss of 1.09%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while BANK BARODA contributed the lowest. Support is now visible around 42500 while resistance is visible around 44000. We may see a process of consolidating here soon.


IPCA LAB 984.65 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 986.15 with a stop loss of 980.00 and a target of 999.70.
OBEROI REALITY 1245.20 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1239.20 with a stop loss of 1250.10 and a target of 1214.80.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
CIPLA  1200 CE BUY 27.20 ABOVE 27.85 25.75 33.95 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AARTIIND.23.11 Nov 512.45 10.63 2.78 13716000 BANKBARODA.23.11 Nov 196.05 -4.01 25.39 144784575
JKCEMENT.23.11 Nov 3430.9 8.68 29.5 863750 ZEEL.23.11 Nov 269.3 -2.55 0.54 93183000
METROPOLIS.23.11 Nov 1575.5 6.66 11.19 1952000 IDEA.23.11 Nov 13.6 -1.81 0.37 1563920000
DEEPAKNTR.23.11 Nov 2150.85 6.08 8.7 2451600 UBL.23.11 Nov 1594 -1.8 0.35 3107600
DIVISLAB.23.11 Nov 3538.05 5.07 16.66 2849600 BATAINDIA.23.11 Nov 1549 -1.4 25.07 1698750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IEX.23.11 Nov 134 4.36 -2.14 46717500 INDUSTOWER.23.11 Nov 185.5 -1.83 -0.07 70077400
ATUL.23.11 Nov 6707.2 4.14 -0.95 361425 CROMPTON.23.11 Nov 284.55 -1.4 -4.33 13496400
INDIACEM.23.11 Nov 216.55 3.79 -2.01 22074800 PFC.23.11 Nov 259.15 -0.75 -1.98 60430625
BERGEPAINT.23.11 Nov 572.35 3.03 -2.53 8948280 DLF.23.11 Nov 594 -0.6 -1.58 36885750
NAVINFLUOR.23.11 Nov 3645 2.59 -0.61 959550 GRANULES.23.11 Nov 351.95 -0.57 -0.41 8798000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Itc Ltd. 435.35 0.48 7308229 10823030 78.41 Nifty50 19411.75 0.94 71481
Icici Prudential Life In 521.8 0.32 827603 1124474 76.68 Niftybank 43619.4 0.7 71481
Petronet Lng Limited 202.8 3.44 11291751 9003721 76.11 Nifty it 30972.95 0.63 71481
Bajaj Auto Limited 5406.85 0.71 394137 327766 73.05 India Vix 11.1 2.02 71586
Sun Pharma  Ltd 1150 0.78 1428537 1237302 71.04 Nifty Fmcg 52075.7 0.34 71481
Balkrishna Ind. Ltd 2565.45 0.86 365431 102643 69.78 Nifty Pharma 15072.3 1.28 71481
Jublfood 507.95 0.23 988215 1077603 69.76 Nifty Realty 651.5 1.2 71481
Dr. Reddys Lab Ltd 5338.1 1.43 569497 403507 69.05 Nifty Auto 16172.75 0.79 71481
Marico Limited 534 1.13 870723 1493462 69.03 Nifty Metal 6567.1 1.36 71481
Hindustan Unilever Ltd 2497.4 -0.47 1338677 772287 68.61 Nifty Financial Services 19537.55 0.88 71481

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Thomson Reuters IPSOS PCSI (MoM) (Nov) on 10th November, 2023

INR: Manufacturing Output (MoM) (Sep) on 10th October, 2023

USD: Fed Chair Powell Speaks on 8th November, 2023

USD: Crude Oil Inventories on 8th November, 2023

News Updates

  • India’s benchmark stock indices rose ahead of closing after trading higher for the third day through Monday. Energy, metal and realty sectors rose whereas PSU banks and consumer durables were under pressure. Nifty 50 was trading above 19,300 level, whereas Sensex was beyond 64,700 mark.

  • Fitch Ratings on November 6 revised India’s medium-term growth estimate upward by 70 basis points to 6.2 percent from 5.5 percent. The positive adjustment contrasts with the US credit rating agency’s reduction in the estimate for 10 emerging markets (EMs), primarily due to the influence of China, which now averages at 4 percent on a GDP weighted-average basis.

  • Titan Company Ltd is confident of carrying forward its stellar July-September performance into the next quarter, with festival and wedding seasons driving demand.

  • FSN E-Commerce Ventures, which operates beauty and personal care (BPC) company Nykaa, saw its net profit increase by 50 percent to Rs 7.8 crore in Q2FY24 from Rs 5.2 crore in Q2FY23 , led largely by its beauty and personal care (BPC) business which witnessed a strong demand during its flagship sale event in July.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
3IINFOTECH General;Quarterly Results 07-Nov-23 AMBALALSA General;Quarterly Results 07-Nov-23
AADHAARVEN General;Quarterly Results 07-Nov-23 AMBARPIL Quarterly Results 07-Nov-23
AARTIPHARM Audited Results;General;Quarterly Results 07-Nov-23 AMCOIND Quarterly Results 07-Nov-23
ACCEDERE Quarterly Results 07-Nov-23 AMERISE General;Quarterly Results 07-Nov-23
ACCELERATE Half Yearly Results 07-Nov-23 AMNPLST Quarterly Results 07-Nov-23
ACIASIA General;Quarterly Results 07-Nov-23 AMRAAGRI General;Quarterly Results 07-Nov-23
ADCINDIA Quarterly Results 07-Nov-23 ANJANI Quarterly Results 07-Nov-23
ADCON Quarterly Results 07-Nov-23 ANMOL General;Quarterly Results 07-Nov-23
ADORFO General;Quarterly Results 07-Nov-23 ANSALHSG Quarterly Results 07-Nov-23
ADVENZYMES Quarterly Results 07-Nov-23 APLLTD General;Quarterly Results 07-Nov-23
AEL Quarterly Results 07-Nov-23 APOLLOTYRE Quarterly Results 07-Nov-23
AGARWAL General;Quarterly Results 07-Nov-23 AQFINTECH Quarterly Results 07-Nov-23
AIML General;Quarterly Results 07-Nov-23 ARCHIDPLY Quarterly Results 07-Nov-23
AKM Half Yearly Results;General 07-Nov-23 ARCOTECH General;Quarterly Results 07-Nov-23
AKSCHEM Quarterly Results 07-Nov-23 ARVINDFASN Quarterly Results 07-Nov-23
ALAN SCOTT Quarterly Results 07-Nov-23 ASHIKA Quarterly Results 07-Nov-23
ALFREDHE Quarterly Results 07-Nov-23 ASHOKALC Quarterly Results 07-Nov-23
ALKEM Quarterly Results 07-Nov-23 ASHSI Quarterly Results 07-Nov-23
ALKYLAMINE Quarterly Results 07-Nov-23 ASIAN Quarterly Results 07-Nov-23
ALMONDZ General;Quarterly Results 07-Nov-23 ASL General;Quarterly Results 07-Nov-23
ALOKTEXT General 07-Nov-23 ASTAR Quarterly Results 07-Nov-23
ALPA Quarterly Results 07-Nov-23 ATUL Buy Back of Shares 07-Nov-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DBCORP 07-Nov-23 Interim Dividend – Rs. – 2.0000 ALLSEC 10-Nov-23 Interim Dividend – Rs. – 30.0000
MARICO 07-Nov-23 Interim Dividend – Rs. – 3.0000 ALSTONE 10-Nov-23 E.G.M.
ORIENTCQ 07-Nov-23 Interim Dividend – Rs. – 7.0000 ARE&M 10-Nov-23 Interim Dividend – Rs. – 4.8000
SIYSIL 07-Nov-23 Interim Dividend – Rs. – 4.0000 AVANCE 10-Nov-23 Stock  Split From Rs.5/- to Rs.1/-
SONATSOFTW 07-Nov-23 Interim Dividend – Rs. – 7.0000 CARERATING 10-Nov-23 Interim Dividend – Rs. – 7.0000
SUPREMEIND 07-Nov-23 Interim Dividend – Rs. – 8.0000 DABUR 10-Nov-23 Interim Dividend – Rs. – 2.7500
TCI 07-Nov-23 Interim Dividend – Rs. – 2.5000 FMEC 10-Nov-23 E.G.M.
VAIBHAVGBL 07-Nov-23 Interim Dividend – Rs. – 1.5000 IMFA 10-Nov-23 Interim Dividend – Rs. – 7.5000
VENUSPIPES 07-Nov-23 Interim Dividend – Rs. – 0.5000 INSECTICID 10-Nov-23 Interim Dividend – Rs. – 3.0000
BIGBLOC 08-Nov-23 Interim Dividend – Rs. – 0.2000 IOC 10-Nov-23 Interim Dividend – Rs. – 5.0000
BSOFT 08-Nov-23 Interim Dividend – Rs. – 2.5000 IRFC 10-Nov-23 Interim Dividend – Rs. – 0.8000
DPWIRES 08-Nov-23 Bonus issue 1:7 LKPFIN 10-Nov-23 Interim Dividend – Rs. – 3.0000
GESHIP 08-Nov-23 Interim Dividend – Rs. – 6.3000 MKPL 10-Nov-23 Stock  Split From Rs.10/- to Rs.1/-
OBEROIRLTY 08-Nov-23 Interim Dividend – Rs. – 2.0000 NAVINFLUOR 10-Nov-23 Interim Dividend – Rs. – 5.0000
RITES 08-Nov-23 Interim Dividend – Rs. – 4.5000 NAVINFLUOR 10-Nov-23 Special Dividend – Rs. – 3.0000
SPLPETRO 08-Nov-23 Interim Dividend – Rs. – 2.0000 NIITLTD 10-Nov-23 Interim Dividend – Rs. – 0.5000
GODREJCP 09-Nov-23 Interim Dividend – Rs. – 5.0000 NIITMTS 10-Nov-23 Interim Dividend – Rs. – 2.5000
HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/- PETRONET 10-Nov-23 Interim Dividend – Rs. – 7.0000
INDIGRID 09-Nov-23 Income Distribution (InvIT) QGO 10-Nov-23 Interim Dividend – Rs. – 0.1500
NAM-INDIA 09-Nov-23 Interim Dividend – Rs. – 5.5000 SAFARIND 10-Nov-23 Interim Dividend – Rs. – 2.5000
360ONE 10-Nov-23 Interim Dividend – Rs. – 4.0000 SURYAROSNI 10-Nov-23 Interim Dividend – Rs. – 2.5000
ADFFOODS 10-Nov-23 Special Dividend – Rs. – 4.0000 WANBURY 10-Nov-23 E.G.M.

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