The NIFTY opened at 18339.30 with a gap up of 25 points. The index the NIFTY opened at 21716.70 with a big gap up of 145 points. The index initially moved sideways but soon broke down and saw a sharp intraday decline after recording its intraday high at 21750.25. The gap was filled quickly and prices again started moving sideways. The index again broke lower and moved down sharply but this time with more pace. Prices kept on sliding lower and broke below 21300. Prices further drifted downwards and recorded its intraday low at 21192.60. The index again moved sideways for the last hour of trading and finally closed at 21238.80 with a loss of 333 points or 1.54% down. All the sectoral indices have moved in line with the NIFTY and closed lower except for PHARMA which ended with a gain of 1.66%. MEDIA was the worst hit and ended with a loss of 12.87% followed by REALTY, METAL, and OIL GAS. The short-term trend is down and there is no doubt about it as prices have broken the previous swing low. The long-term trend is down while the long-term momentum has been moving down and almost reached the weak zone.


The BANK NIFTY opened at 46495.45 with a big gap up of 387 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick after recording its intraday high at 46580.30. Prices filled the gap and fell further to record its intraday low at 44886.10. The index finally closed at 45007.15 with a big loss of 1101 points. PSU BANKS have underperformed today, saw a sharp downside move, and finally ended with a big loss of 4.10%. PVT BANKs have also moved down today, saw a sharp downside move, and ended with a loss of 2.21%. Within the index, in terms of points, ICICIBANK contributed the highest on the upside while HDFC BANK contributed the lowest. BANK NIFTY started the week with a big loss despite a big gap-up opening. The volatility is rising. We can see it on the daily chart as the intraday range has been wide for the past few trading sessions. This environment is not well suitable for traders. We are advising traders, to step aside and avoid trading the index.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CIPLA.24.01 Jan 1407.85 7.28 16.98 10207600 INDUSINDBK.24.01 Jan 1440.25 -6.27 3.54 12828000
SUNPHARMA.24.01 Jan 1376.5 3.66 7.78 13385400 GAIL.24.01 Jan 156.95 -5.62 7.78 148243725
ZYDUSLIFE.24.01 Jan 726.95 3.26 0.69 4482900 PIDILITIND.24.01 Jan 2532.1 -5.61 0.29 2810500
BHARTIARTL.24.01 Jan 1152.85 2.69 19.84 33414350 BERGEPAINT.24.01 Jan 542.55 -5.54 5.65 7105560
LUPIN.24.01 Jan 1431.45 1.55 34.09 10206800 LALPATHLAB.23.05 May 2011.5 -1.17 6.03 822250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PETRONET.24.01 Jan 259.7 5.1 -9.13 31965000 ZEEL.24.01 Jan 161.1 -30.14 -4.21 82560000
PERSISTENT.24.01 Jan 8308.7 4.9 -16.63 1322700 OBEROIRLTY.24.01 Jan 1366.5 -9.17 -7.24 4831400
ABBOTINDIA.24.01 Jan 25487 1.12 -0.46 156640 IRCTC.24.01 Jan 938.85 -8.49 -1.05 13794375
BAJAJ-AUTO.24.01 Jan 7136.15 0.69 -9.21 1555000 NATIONALUM.24.01 Jan 123.55 -8.31 -8.63 49800000
TATAPOWER.24.01 Jan 347.8 0.68 -3.65 59396625 GMRINFRA.24.01 Jan 75.25 -8.29 -3.88 143313750


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Piind 3278.9 -3.06 469762 88312 75.45 Nifty50 21238.8 -1.54 71517
Sbi Life Insurance Compa 1375.5 -4.62 2880301 292176 63.06 Niftybank 45015.05 -2.26 71517
Srf Ltd. 2254.05 -1.55 463257 95580 62.54 Nifty it 36521.35 -0.48 71517
Max Financial Services l 865 -2.72 972024 188202 62.48 India Vix 14.85 7.61 71667
Hindustan Unilever Ltd 2375.55 -3.78 4369332 1519832 61.59 Nifty Fmcg 54973.9 -1.79 71517
Bharat Petroleum Ltd 463.05 -4.15 9209775 2170250 56.94 Nifty Pharma 17520.3 1.66 71517
Nestleind 2462.9 -0.69 690538 246116 55.23 Nifty Realty 816.15 -5.31 71517
Crompton Greaves Consume 300.25 -3.22 3535641 288352 54.64 Nifty Auto 18361 -1.56 71517
Tata Communications Ltd. 1704.1 -2.07 868651 342525 54.32 Nifty Metal 7486.85 -3.43 71517
Infosys Limited 1642.15 -0.41 9401255 623773 53.86 Nifty Financial Services 20137.05 -1.97 71517


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 26th January, 2024

INR: Federal Fiscal Deficit (Dec) on 31st January, 2024

USD: Manufacturing PMI (Jan) on 24th January, 2024

USD: Services PMI (Jan) on 24th January, 2024


  • India’s benchmark stock indices extended losses, and ended at the lowest level in over a month, tracking a decline in shares of HDFC Bank Ltd., Reliance Industries Ltd., and State Bank of India. The NSE Nifty 50 closed 333 points, or 1.54%, lower at 21,238.80—the lowest level since Dec. 20, 2023. The S&P BSE Sensex ended 1,053.10 points, or 1.47%, down at 70,370.55—the lowest since Dec. 13, 2023.

  • Shares of Zee Entertainment Enterprises nosedived 30.50 percent on January, breaking a series of extended lower circuits through the day and hitting its 52-week low of Rs 152.50 on January 23. The sharp fall comes a day after Japan’s Sony Pictures’ Indian arm scrapped its $10-billion merger with the Indian media giant.

  • SK Finance Ltd, an IPO-bound NBFC engaged in used and new vehicle financing, has completed a fresh fundraise of Rs 1,328 crore from existing investors, including Norwest Venture Partners, TPG Growth and Baring Private Equity India.

  • Amber Group has signed an agreement with South Korea’s Korean Circuit to boost its printed circuit board (PCB) portfolio, the leading player in the electronics manufacturing segment said on January 23.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTIDRUGS Audited Results;Quarterly Results;Interim Dividend 24-Jan-24 EIMCOELECO Quarterly Results;General 24-Jan-24
ACIIN Quarterly Results 24-Jan-24 ENBETRD Quarterly Results 24-Jan-24
ACL Quarterly Results 24-Jan-24 EPIGRAL Quarterly Results 24-Jan-24
ASHUTPM Quarterly Results 24-Jan-24 EXIDEIND Quarterly Results 24-Jan-24
AUSOMENT Quarterly Results;General 24-Jan-24 GINNIFILA Quarterly Results 24-Jan-24
BAJAJ-AUTO Quarterly Results 24-Jan-24 HEUBACHIND Quarterly Results 24-Jan-24
BALKRISIND Quarterly Results;Interim Dividend 24-Jan-24 IBULHSGFIN Right Issue of Equity Shares 24-Jan-24
BDL Quarterly Results;General 24-Jan-24 INDIANB Quarterly Results 24-Jan-24
BLUEDART Quarterly Results 24-Jan-24 INDOSOLAR Quarterly Results 24-Jan-24
BOROLTD General 24-Jan-24 INDOSTAR Quarterly Results;General 24-Jan-24
BSOFT Quarterly Results 24-Jan-24 INFOBEAN Quarterly Results 24-Jan-24
CANBK Quarterly Results 24-Jan-24 IOB Quarterly Results 24-Jan-24
CARERATING Quarterly Results 24-Jan-24 IOC Quarterly Results 24-Jan-24
CEATLTD Quarterly Results;General 24-Jan-24 ISMTLTD Quarterly Results 24-Jan-24
CHALET Quarterly Results;General 24-Jan-24 JATTAINDUS General 24-Jan-24
CMSINFO Interim Dividend;Quarterly Results 24-Jan-24 JSWHL Quarterly Results 24-Jan-24
CONCOR Quarterly Results;Interim Dividend;General 24-Jan-24 JUPITERIN Quarterly Results;General 24-Jan-24
CYBERTECH Quarterly Results 24-Jan-24 KIRLPNU Quarterly Results;Interim Dividend 24-Jan-24
DALBHARAT Quarterly Results 24-Jan-24 KOLTEPATIL Quarterly Results;General 24-Jan-24
DCBBANK Quarterly Results 24-Jan-24 LAURUSLABS Quarterly Results 24-Jan-24
DCMFINSERV Voluntary Delisting of Shares 24-Jan-24 LXCHEM Quarterly Results 24-Jan-24
DLF Quarterly Results 24-Jan-24 MASFIN Quarterly Results;General 24-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AKSHAR 24-Jan-24 E.G.M. MANGIND 29-Jan-24 Right Issue of Equity Shares
PRIMEFRESH 24-Jan-24 E.G.M. PCBL 29-Jan-24 Interim Dividend – Rs. – 5.5000
SABTN 24-Jan-24 Resolution Plan -Suspension SINCLAIR 29-Jan-24 Bonus issue 1:1
SHRAJSYNQ 24-Jan-24 E.G.M. GOTHIPL 30-Jan-24 Interim Dividend – Rs. – 2.0000
WIPRO 24-Jan-24 Interim Dividend – Rs. – 1.0000 KANANIIND 30-Jan-24 Bonus issue 1:1
AHLEAST 25-Jan-24 E.G.M. NAGREEKEXP 30-Jan-24 Right Issue of Equity Shares
ARNOLD 25-Jan-24 Buy Back of Shares PERSISTENT 30-Jan-24 Interim Dividend – Rs. – 32.0000
BRIJLEAS 25-Jan-24 E.G.M. SIEMENS 30-Jan-24 Final Dividend – Rs. – 10.0000
DOLPHIN 25-Jan-24 Stock  Split From Rs.10/- to Rs.1/- AURIONPRO 31-Jan-24 E.G.M.
IIFL 25-Jan-24 Interim Dividend – Rs. – 4.0000 CURATECH 31-Jan-24 Resolution Plan -Suspension
JOYREALTY 25-Jan-24 E.G.M. GROWINGTON 31-Jan-24 Stock  Split From Rs.10/- to Rs.1/-
KDDL 25-Jan-24 Dividend – Rs. – 58.0000 METROBRAND 31-Jan-24 Interim Dividend – Rs. – 2.7500
KSOLVES 25-Jan-24 Interim Dividend – Rs. – 7.5000 POONAWALLA 31-Jan-24 Interim Dividend – Rs. – 2.0000
MAGNUM 25-Jan-24 Right Issue of Equity Shares RAJOOENG 31-Jan-24 Buy Back of Shares
MASTEK 25-Jan-24 Interim Dividend – Rs. – 7.0000 SURAJLTD 31-Jan-24 Interim Dividend
RHL 25-Jan-24 E.G.M. BIGBLOC 01-Feb-24 Interim Dividend
360ONE 29-Jan-24 Interim Dividend – Rs. – 4.5000 CESC 01-Feb-24 Interim Dividend – Rs. – 4.5000
ACCELYA 29-Jan-24 Interim Dividend HARSHILAGR 01-Feb-24 E.G.M.
CROPSTER 29-Jan-24 E.G.M. HAVELLS 01-Feb-24 Interim Dividend
GOACARBON 29-Jan-24 Interim Dividend – Rs. – 10.0000 PURVA 01-Feb-24 Interim Dividend
HITKITGLO 29-Jan-24 E.G.M. REGENCY 01-Feb-24 E.G.M.
INDINFO 29-Jan-24 Right Issue of Equity Shares ROUTE 01-Feb-24 Interim Dividend

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