The NIFTY opened at 22009.65 with a gap up of 79 points. The index could not sustain at the higher levels and saw a sharp dip after recording its intraday high at 22011.05 just above the opening tick. The decline filled the gap and prices moved further on the downside but found support just above 21700. The index saw some recovery and then started moving sideways in the afternoon session. The index broke down, saw a sharp decline, recorded its intraday low at 21665.30, and saw a minor recovery towards the end. Prices have finally closed at 21717.95 with a loss of 212.55 points or 0.97% down. MEDIA outperformed and ended with a gain of almost 2% followed by OIL GAS. FMCG underperformed, led the bears, and ended with a loss of 2.06% followed by BANK and FINANCIAL. The short-term trend is again sideways as the index came below the breakout point around 21800. Support is visible around 21700 while resistance may emerge around 22100 which is very near the lifetime highs. The long-term trend is sideways now while the long-term momentum has been moving within the strength zone for the past few days.


The BANK NIFTY opened at 45973.85 with a gap up of just 57 points. The index initially moved sideways and eventually broke on the downside after recording its intraday high at 46181.20. Prices have seen a sharp decline which found support around 45300 and the index again started a consolidation process afterward. Prices have seen another breakdown towards the end, saw a sharp decline, recorded its intraday low at 44893.75, and finally closed at 45105.45 with a loss of 811 points. PSU BANKs have significantly outperformed, saw a sharp upside move, and ended with a gain of 2%. PVT BANKS have underperformed, saw a sharp intraday decline, and ended with a loss of 2.59%. Within the index, in terms of points, SBIN contributed the highest on the upside while ICICI BANK contributed the lowest. The short-term trend continues to be sideways as prices are moving range bound within a wide trading range with support around 44500 and resistance around 46500. However, after decline, the bias has changed on the downside.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TRENT.24.02 Feb 3855 6.25 8.01 3834800 AARTIIND.24.02 Feb 639 -4.68 3.73 11791000
HAL.24.02 Feb 3119.1 5.43 7.09 8577600 METROPOLIS.24.02 Feb 1675.05 -4.51 2.48 958000
PIIND.24.02 Feb 3484.15 4.11 32.67 2608000 CANFINHOME.24.02 Feb 819.05 -4.33 9.12 4456725
TATAPOWER.24.02 Feb 412.25 3.84 2.39 90828000 MUTHOOTFIN.24.02 Feb 1369.1 -4.17 3.34 5359200
SBIN.24.02 Feb 703.5 3.75 7.12 129399000 PEL.24.02 Feb 894.8 -3.64 1.19 12168750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CUMMINSIND.24.02 Feb 2582.2 7.33 -0.92 4824900 DELTACORP.24.02 Feb 145 -4.73 -3.44 20625000
BANKBARODA.24.02 Feb 254.5 3.27 -2.25 137890350 BALRAMCHIN.24.02 Feb 391.4 -3.03 -2.75 13014400
ZYDUSLIFE.24.02 Feb 808 1.45 -2.84 7355700 UPL.24.02 Feb 464.65 -2.79 -2.3 39618800
TCS.24.02 Feb 4150.6 1.32 -0.24 11760700 SAIL.24.02 Feb 139.6 -2.58 -2.93 158288000
BAJAJ-AUTO.24.02 Feb 7791.35 0.63 -0.24 1764375 HINDCOPPER.24.02 Feb 291.85 -2.06 -1.8 35854500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Srf Ltd. 2295.9 0.04 240843 1247821 85.21 Nifty50 21717.95 -0.97 71430
Hindustan Unilever Ltd 2417.05 -0.35 1758661 858502 74.71 Niftybank 45012 -1.76 71430
Itc Ltd. 414.55 -3.99 48183882 9486689 73.65 Nifty it 37851.6 0.22 71430
Godrej Cons Products Ltd 1217.15 -1.68 712653 514931 72.45 India Vix 15.83 2.13 71553
Cholamandalam Investment 1133.45 -2.27 3061436 1814450 72 Nifty Fmcg 53646.2 -2.06 71430
Dr. Reddys Lab Ltd 6180 0 358241 416043 70.44 Nifty Pharma 18520.3 -0.24 71430
Sun Pharma  Ltd 1499.6 0.23 2213750 1582678 70.05 Nifty Realty 876.05 -0.69 71430
Balkrishna Ind. Ltd 2311.5 -1.61 194937 325622 69.61 Nifty Auto 19649.5 -1.28 71430
Power Grid Corporation o 276.2 3.08 69776717 18980025 69.43 Nifty Metal 8221.85 -0.66 71430
Dabur India Ltd. 533.95 -0.64 1488521 1231924 69.05 Nifty Financial Services 20064.7 -1.85 71430


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Jan) on 12th February, 2024

INR: Manufacturing Output (MoM) (Dec) on 12th February, 2024

USD: CPI (MoM) (Jan) on 13th February, 2024

USD: Retail Sales (MoM) (Jan) on 15th February, 2024


  • Indian benchmark indices ended lower on February 9 with Nifty below 21,750 after RBI kept the policy rate unchanged. At close, the Sensex was down 723.57 points or 1.00 percent at 71,428.43, and the Nifty was down 212.50 points or 0.97 percent at 21,718.About 1341 shares advanced, 1908 shares declined, and 61 shares unchanged.

  • ITC stock fell 4 percent in the afternoon trade after its largest shareholder, British American Tobacco (BAT), said it was working towards completing the regulatory process to pare its stake in the diversified conglomerate.

  • The two-year long delay in hotel aggregator OYO’s public market debut may finally end as SoftBank Vision Funds, one of its largest backers, said that it expects the company’s initial public offer (IPO) to happen in 2024.

  • Zomato reported a net profit of Rs 138 crore for the October-December period, marking the third straight quarter of the food aggregator’s earnings coming in the green.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
3BBLACKBIO Quarterly Results 09-Feb-24 ASHSI Quarterly Results 09-Feb-24
AARNAV Quarterly Results 09-Feb-24 ASIIL Quarterly Results 09-Feb-24
AAYUSH General;Quarterly Results 09-Feb-24 ASTRON Quarterly Results 09-Feb-24
ABAN Quarterly Results 09-Feb-24 ATLANTAA Quarterly Results 09-Feb-24
ADVMULT Quarterly Results 09-Feb-24 AVASARA Quarterly Results 09-Feb-24
ADVPETR-B Quarterly Results 09-Feb-24 AVEER Quarterly Results 09-Feb-24
AKCAPIT Interim Dividend;Quarterly Results 09-Feb-24 BAIDFIN Quarterly Results 09-Feb-24
ALAN SCOTT General;Quarterly Results 09-Feb-24 BAJAJHCARE Quarterly Results 09-Feb-24
ALFAICA Quarterly Results 09-Feb-24 BAJAJHIND Quarterly Results 09-Feb-24
ALICON Quarterly Results 09-Feb-24 BALAJITELE General;Quarterly Results 09-Feb-24
ALKALI General;Quarterly Results 09-Feb-24 BANDHANBNK Quarterly Results 09-Feb-24
ALKEM Interim Dividend;Quarterly Results 09-Feb-24 BAPACK Quarterly Results 09-Feb-24
ALUFLUOR Quarterly Results 09-Feb-24 BATLIBOI Quarterly Results 09-Feb-24
AMARJOTHI Quarterly Results;General 09-Feb-24 BCCFUBA Quarterly Results 09-Feb-24
AMCOIND Quarterly Results 09-Feb-24 BELLACASA Quarterly Results 09-Feb-24
AMRUTANJAN Interim Dividend;Quarterly Results 09-Feb-24 BEMHY Quarterly Results 09-Feb-24
AMTL Quarterly Results 09-Feb-24 BINANIIND Quarterly Results 09-Feb-24
ANJANI Quarterly Results 09-Feb-24 BLOOM Quarterly Results 09-Feb-24
ANNAINFRA Quarterly Results 09-Feb-24 BLSINFOTE Quarterly Results 09-Feb-24
ANUHPHR Quarterly Results 09-Feb-24 BLUECLOUDS Quarterly Results 09-Feb-24
ARSSINFRA Quarterly Results 09-Feb-24 BNRSEC Quarterly Results 09-Feb-24
ASHOKRE General;Quarterly Results 09-Feb-24 BOMBWIR Quarterly Results 09-Feb-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVANIHOTR 09-Feb-24 Interim Dividend – Rs. – 2.0000 BANARBEADS 12-Feb-24 Interim Dividend – Rs. – 2.0000
APTUS 09-Feb-24 Interim Dividend – Rs. – 2.0000 CARBORUNIV 12-Feb-24 Interim Dividend – Rs. – 1.5000
BEL 09-Feb-24 Interim Dividend – Rs. – 0.7000 CLEAN 12-Feb-24 Interim Dividend – Rs. – 2.0000
DOLATALGO 09-Feb-24 Interim Dividend – Rs. – 0.1000 COCHINSHIP 12-Feb-24 Interim Dividend – Rs. – 3.5000
GPTINFRA 09-Feb-24 Interim Dividend – Rs. – 1.0000 DPL 12-Feb-24 Right Issue of Equity Shares
GREENPANEL 09-Feb-24 Interim Dividend – Rs. – 1.5000 EMBASSY 12-Feb-24 Income Distribution RITES
IBINFO 09-Feb-24 Interim Dividend – Rs. – 0.5000 ENGINERSIN 12-Feb-24 Interim Dividend – Rs. – 2.0000
JUBLINGREA 09-Feb-24 Interim Dividend – Rs. – 2.5000 GESHIP 12-Feb-24 Interim Dividend – Rs. – 6.3000
KPITTECH 09-Feb-24 Interim Dividend – Rs. – 2.1000 GOODYEAR 12-Feb-24 Special Dividend – Rs. – 26.0000
MOIL 09-Feb-24 Interim Dividend – Rs. – 3.5000 INTELLCAP 12-Feb-24 Bonus issue 2:1
PGHH 09-Feb-24 Interim Dividend – Rs. – 100.0000 KPEL 12-Feb-24 Bonus issue 2:1
PGHH 09-Feb-24 Special Dividend – Rs. – 60.0000 QUESS 12-Feb-24 Interim Dividend – Rs. – 4.0000
PHCAP 09-Feb-24 Interim Dividend – Rs. – 0.2500 STYRENIX 12-Feb-24 Interim Dividend – Rs. – 48.0000
QGO 09-Feb-24 Interim Dividend – Rs. – 0.1500 THANGAMAYL 12-Feb-24 Interim Dividend – Rs. – 4.0000
RITES 09-Feb-24 Interim Dividend – Rs. – 4.7500 TORNTPHARM 12-Feb-24 Interim Dividend – Rs. – 22.0000
SHANTIGEAR 09-Feb-24 Interim Dividend – Rs. – 3.0000 GULFOILLUB 13-Feb-24 Interim Dividend – Rs. – 16.0000
SUNPHARMA 09-Feb-24 Interim Dividend – Rs. – 8.5000 INDOTHAI 13-Feb-24 Interim Dividend – Rs. – 1.0000
TCI 09-Feb-24 Interim Dividend – Rs. – 2.5000 KPRMILL 13-Feb-24 Interim Dividend – Rs. – 2.5000
TRIVENI 09-Feb-24 Interim Dividend – Rs. – 2.2500 LALPATHLAB 13-Feb-24 Interim Dividend – Rs. – 12.0000
TRIVENI 09-Feb-24 Special Dividend – Rs. – 2.2500 ORBTEXP 13-Feb-24 Buy Back of Shares
ACGL 12-Feb-24 Interim Dividend – Rs. – 5.0000 ORIENTELEC 13-Feb-24 Interim Dividend – Rs. – 0.7500
AFFORDABLE 12-Feb-24 Right Issue of Equity Shares SMCGLOBAL 13-Feb-24 Interim Dividend – Rs. – 1.2000

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