The NIFTY opened at 19521.60 with a gap down of just 21 points. Initially, prices moved sideways for about one hour and then broke it on the downside after recording its intraday high at 19556.85. Prices have slowly moved downward and then again started a consolidation process in the afternoon. That range again broke on the downside and this time prices moved down more sharply. The decline picked up the pace toward the end, as prices have moved down almost 200 points in the last hour of trading. The index recorded its intraday low at 19257.85 and finally closed at 19281.75 with a loss of 260.90 points or 1.34% down. All the sectoral indices have moved down and closed with a loss. MEDIA led the bears as the sector ended almost 5% lower followed by METAL REALTY, OIL GAS, and IT. Fresh support is now visible around 19250 while resistance is visible around 19500. The index is trading very near to the support levels.


The BANK NIFTY opened at 43822.70 with a gap up of 82 points. The index initially moved sideways and then moved down after recording its Intraday high at 43831.30. Prices have again formed a trading range and eventually broke it on the downside. The index has seen a sharp decline in the last hour of trading, recorded its intraday low at 43029.45, and finally closed at 43186 with a loss of 554 points. PSU BANK has underperformed, saw a sharp intraday decline, and ended with a loss of 3.77% PVT BANK has also moved down and closed with a loss of 1.43% Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by KOTAK BANK. The short-term trend is down now as the index has broken down decisively its support level of around 43500. Fresh support is now visible around 42500 while resistance is visible around 4400. We should look for short only as far as prices are moving below 44000 resistance.


M&M 1565.15 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1572.75 with a stop loss of 1560.70 and a target of 1597.60.
ADANI ENT 2550.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2300.95 with a stop loss of 2322.10 and a target of 2258.65.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFO EDGE (NAUKRI) (30 NOV)  4100 PE BUY 151.10 CMP 126.75 204.70 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IPCALAB.23.10 Oct 998.55 6.42 -28.9 1153100 IBULHSGFIN.23.10 Oct 157.25 -9.42 -3.14 51367200
BALKRISIND.23.10 Oct 2575.15 1.25 -32.41 1089000 HINDCOPPER.23.10 Oct 142 -7.85 -23.59 16398200
UBL.23.10 Oct 1629.95 1.01 -24.63 2007600 LAURUSLABS.23.10 Oct 362.9 -7.52 -50.13 6281500
AUROPHARMA.23.10 Oct 874.35 0.94 -42.28 7359000 INDIACEM.23.10 Oct 209.75 -7.42 -30.79 13972200
ICICIGI.23.10 Oct 1397.3 0.73 -38.77 1463000 IDEA.23.10 Oct 10.95 -7.2 -17.1 872880000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dabur India Ltd. 521.35 -0.66 1535943 6162123 81.08 Nifty50 19281.75 -1.34 36046382
Tata Consumer Products l 883.1 -1.76 973113 1716781 74.8 Niftybank 43151.2 -1.31 16088580
Container Corp Of India 700.7 -1.02 1288944 996065 72.98 Nifty it 30848.4 -1.97 718688
Britannia Ind Ltd. 4530.6 -1.08 203004 254352 72.46 India Vix 10.9 0.74 636290581
Max Financial Services l 890.15 -4.02 507507 890479 72.44 Nifty Fmcg 51421.65 -0.78 293214
Kotak Mahindra Bank Limi 1740.75 -1.63 7546442 2937311 72.13 Nifty Pharma 14911.65 -1.29 46566028
Indigo 2390.95 -1.97 885829 974792 70.34 Nifty Realty 584.4 -2.49 1181913214
Jk Cement Limited 3175.1 -3.83 62665 102270 69.74 Nifty Auto 16277.85 -1.33 42699311
Oil & Natural Gas Corp 184.85 -0.73 4723090 5510127 69.64 Nifty Metal 6494 -3.26 105842607
Hindustan Unilever Ltd 2483.5 -0.47 922707 2452852 67.98 Nifty Financial Services 19404.8 -1.03 4476878

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 27th October, 2023

INR: Infrastructure Output (YoY) (Sep) , USD on 31st October, 2023

USD: Building Permits on 25th October, 2023

USD: Crude Oil Inventories on 25th October, 2023

News Updates

  • India’s benchmark stock indices declined through Monday as broader indices dragged the market. Media, metal, banks and realty sectors corrected the most. Sensex ended at its lowest level since June 30, while Nifty slipped to the lowest level since Sept. 1.

  • India’s New Delhi Television Ltd (NDTV), part of the Adani Group, reported a nearly 51% drop in second quarter profit on Monday, as businesses cut back on advertising spending in the face of rising interest rates. Consolidated net profit was 59.1 million rupees ($710,803.00) in the three months to Sept. 30, compared with 120.1 million rupees a year earlier, it said in an exchange filing.

  • JSW Steel expects higher coking coal costs in the third and fourth quarter, but is confident that its impact on margins will be partly offset by price increases that it undertook in August, September, and October, joint managing director and chief executive officer Jayant Acharya told Moneycontrol in an interview on Friday.

  • On a day of strong selling across the board, pharma stocks ended mixed as stock-specific triggers guided sentiment on October 23. While most pharma stocks were muted, a select few made it to the list of top gainers and losers.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
20MICRONS General;Quarterly Results 25-Oct-23 JUMBO Quarterly Results 25-Oct-23
ASAHISONG Quarterly Results 25-Oct-23 KUANTUM General 25-Oct-23
ASHNOOR Quarterly Results 25-Oct-23 LAXMIMACH Quarterly Results 25-Oct-23
AURIONPRO Quarterly Results 25-Oct-23 LKPFIN Quarterly Results 25-Oct-23
AXISBANK Quarterly Results 25-Oct-23 LOYAL Quarterly Results 25-Oct-23
BANARISUG Quarterly Results 25-Oct-23 MADHAVIPL General;Quarterly Results 25-Oct-23
BCPL General 25-Oct-23 NETWORK18 Quarterly Results 25-Oct-23
BHARATWIRE Quarterly Results 25-Oct-23 PRECISION Quarterly Results 25-Oct-23
BRIDGESE Quarterly Results 25-Oct-23 RALLIS Quarterly Results 25-Oct-23
CHALET Quarterly Results 25-Oct-23 SEMAC Quarterly Results 25-Oct-23
CHENNPETRO Quarterly Results 25-Oct-23 SHANTIGEAR Quarterly Results 25-Oct-23
CMSINFO Quarterly Results 25-Oct-23 SHAREINDIA Interim Dividend;Quarterly Results 25-Oct-23
CONTICON General;Quarterly Results 25-Oct-23 SHRAJSYNQ Quarterly Results 25-Oct-23
CRANESSOFT Audited Results 25-Oct-23 SONACOMS Quarterly Results 25-Oct-23
DREAMFOLKS Quarterly Results 25-Oct-23 SONATSOFTW Bonus issue;Interim Dividend;Quarterly Results 25-Oct-23
GALACTICO General;Quarterly Results 25-Oct-23 SPYL Quarterly Results 25-Oct-23
GODREJIND General 25-Oct-23 STARHFL General;Quarterly Results 25-Oct-23
GULFOILLUB Quarterly Results 25-Oct-23 SUMERUIND Quarterly Results 25-Oct-23
HCKKVENTURE Quarterly Results 25-Oct-23 SWARAJENG Quarterly Results 25-Oct-23
HGIND Quarterly Results 25-Oct-23 TECHM Audited Results;Interim Dividend;Quarterly Results 25-Oct-23
INDUSTOWER Quarterly Results 25-Oct-23 THAKRAL General 25-Oct-23
JUBLFOOD Quarterly Results 25-Oct-23 THIRDFIN General 25-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INFY 25-Oct-23 Interim Dividend – Rs. – 18.0000 SASKEN 31-Oct-23 Interim Dividend – Rs. – 12.0000
JAYBARMARU 26-Oct-23 Stock  Split From Rs.5/- to Rs.2/- STYRENIX 31-Oct-23 Interim Dividend – Rs. – 22.0000
KSOLVES 26-Oct-23 Interim Dividend – Rs. – 7.0000 TIPSINDLTD 31-Oct-23 Interim Dividend – Rs. – 2.0000
TCIEXP 26-Oct-23 Interim Dividend – Rs. – 3.0000 AUTOINT 01-Nov-23 E.G.M.
ASTRAL 27-Oct-23 Interim Dividend – Rs. – 1.5000 CYIENT 01-Nov-23 Interim Dividend – Rs. – 12.0000
AURIONPRO 27-Oct-23 E.G.M. IRBINVIT 01-Nov-23 Income Distribution (InvIT)
BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/- NESTLEIND 01-Nov-23 Interim Dividend – Rs. – 140.0000
ICICIGI 27-Oct-23 Interim Dividend – Rs. – 5.0000 ABHIJIT 02-Nov-23 E.G.M.
ISEC 27-Oct-23 Interim Dividend – Rs. – 12.0000 COFORGE 02-Nov-23 Interim Dividend – Rs. – 19.0000
JSL 27-Oct-23 Interim Dividend – Rs. – 1.0000 HINDUNILVR 02-Nov-23 Interim Dividend – Rs. – 18.0000
LTIM 27-Oct-23 Interim Dividend – Rs. – 20.0000 KAJARIACER 02-Nov-23 Interim Dividend – Rs. – 6.0000
LTTS 27-Oct-23 Interim Dividend – Rs. – 17.0000 SHAREINDIA 02-Nov-23 Interim Dividend
SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/- TECHM 02-Nov-23 Interim Dividend
SPITZE 27-Oct-23 Bonus issue 1:1 ASIANPAINT 03-Nov-23 Interim Dividend
SVRL 27-Oct-23 Bonus issue 1:1 BNALTD 03-Nov-23 E.G.M.
TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/- EMBASSY 03-Nov-23 Income Distribution RITES
HAPPSTMNDS 30-Oct-23 Interim Dividend – Rs. – 2.5000 NTPC 03-Nov-23 Interim Dividend
RKFORGE 30-Oct-23 Interim Dividend – Rs. – 1.0000 RAILTEL 03-Nov-23 Interim Dividend
UNJHAFOR 30-Oct-23 E.G.M. ROUTE 03-Nov-23 Interim Dividend
BALKRISIND 31-Oct-23 Interim Dividend SYMPHONY 03-Nov-23 Interim Dividend
DRAGARWQ 31-Oct-23 Interim Dividend – Rs. – 2.5000 COLPAL 06-Nov-23 Interim Dividend
ELECON 31-Oct-23 Interim Dividend – Rs. – 1.0000 IRB 06-Nov-23 Interim Dividend

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