The NIFTY opened at 19545.20 with a big gap down of 126 points. The index continued drifting downwards but soon found support and bounced up sharply. Prices have recorded its intraday low at 19512.35, rallied higher over 150 points, and filled the entire gap. However, prices could not sustain there and started a downward move. The index moved down for the last one and a half hours of trading and finally closed at 19624.70 with a loss of just 46.40 points or 0.24% down. AUTO outperformed by ending half percent higher followed by FMCG and MEDIA. METAL and oil gas underperformed and ended with a loss of over half percent followed by BANK and FINANCIAL. A rally found resistance around 19850 two days ago, prices drifted downwards and found support around 19350. This is the nature of a sideways market to move towards the extremes.
The BANK NIFTY opened at 43616.75 with a big gap down of 278. The Index started moving downwards from its opening price but found support quickly and bounced up after recording its intraday low at 43558.10. A sharp rally took place and prices have recovered all the losses. The rally continued and the index recorded its intraday high at 44058.80. However, a sharp decline came toward the end of trading session and the index finally closed at 43752.45 with a loss of 142 points. PSU BANK has outperformed, saw an upside move but ended with a marginal gain of just 0.03%. PVT BANK has underperformed, saw a mild downside move and closed with a loss of 0.25%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the downside followed by ICICI BANK. The short-term trend remained sideways as the index has been moving inside a 1000 points trading range for the past one month with support around 43800 and resistance around 44800.
|AMBUJA CEM||437.45||BUY||The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 440.20 with a stop loss of 435.05 and a target of 450.25.|
|CROMPTON||295.05||SELL||The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 294.75 with a stop loss of 296.45 and a target of 291.30.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MARUTI||10800 CE||BUY||89.65||ABOVE 90||75||120||BREAKOUT|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|BAJAJ-AUTO.23.10 Oct||5480.5||6.45||12.86||2683750||ASTRAL.23.10 Oct||1839||-6.21||4.53||3396585|
|NESTLEIND.23.10 Oct||24114.4||3.41||3.43||287280||IGL.23.10 Oct||458.95||-4.86||4.14||11301125|
|ULTRACEMCO.23.10 Oct||8542.45||2.86||1.62||1476400||OFSS.23.10 Oct||4024.9||-2.5||2.76||297600|
|COLPAL.23.10 Oct||2087.85||1.27||0.26||3107300||SBICARD.23.10 Oct||792.4||-0.91||0.03||9567200|
|BOSCHLTD.23.10 Oct||20236.35||0.44||0.09||110350||ONGC.23.10 Oct||186.15||-0.4||0.27||43890000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|GRASIM.23.10 Oct||1976.15||1.03||-22.46||8134375||BANDHANBNK.23.10 Oct||229.5||-3.91||-2.76||58780000|
|COFORGE.23.10 Oct||5115.7||0.78||-18.37||1187850||WIPRO.23.10 Oct||395.3||-3.16||-3.03||43600500|
|IDEA.23.10 Oct||12.05||2.55||-17.49||1072400000||GMRINFRA.23.10 Oct||56.6||-2.33||-2.7||123187500|
|PERSISTENT.23.10 Oct||5855.4||2.41||-16.28||1140475||DABUR.23.10 Oct||525.55||-1.9||-1.99||17298750|
|RBLBANK.23.10 Oct||246.25||1.95||-12.55||49350000||AUROPHARMA.23.10 Oct||883.8||-1.81||-17.89||13575100|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Container Corp Of India||710||-0.48||452||1206111||73.04||Niftybank||43754.50||-0.31||11626455|
|Cholamandalam Investment||1190.05||-0.61||1186||1825828||72.08||Nifty it||31540.05||-0.21||659885|
|Infosys Limited||1430||-0.25||5715||4803117||70.68||India Vix||10.90||-0.62||387714983|
|Icici Prudential Life In||520.5||-0.33||392||1960486||68.38||Nifty Fmcg||52516.35||0.14||409010|
|Pidilite Industries Ltd||2374.85||0||675||218905||67.38||Nifty Pharma||15239.15||-34.25||40986541|
|Dabur India Ltd.||523||-0.5||3834||2731126||66.72||Nifty Realty||605.90||-0.35||1090636701|
|Ipca Laboratories Ltd.||946.9||0||131||360085||66.4||Nifty Auto||16618||0.50||36531365|
|Atul Ltd.||6774.95||0.04||11||36614||66.1||Nifty Metal||6803.30||-0.88||89708169|
|Godrej Cons Products Ltd||980.25||-0.37||558||626596||65.94||Nifty Financial Services||19500.65||-0.39||3737456|
Upcoming Economic Data
|INR: Bank Loan Growth on 20th October, 2023
INR: FX Reserves, USD on 20th October, 2023
|USD: Services PMI (Oct) on 24th October, 2023
USD: Building Permits on 25th October, 2023
Benchmark indices ended lower for the second consecutive session on October 19 with Nifty below 19,650. At close, the Sensex was down 247.78 points or 0.38 percent at 65,629.24, and the Nifty was down 46.40 points or 0.24 percent at 19,624.70. About 1810 shares advanced, 1759 shares declined, and 129 shares unchanged.
UltraTech Cement Ltd’s net profit rose 68.8 percent year-on-year (YoY) in the second quarter of 2023-24 to Rs 1,280 crore, driven by increased demand and an uptick in government spending on infrastructure ahead of elections. The company experienced robust volume growth and its bottom line received a boost from reduced fuel and power costs, despite price increases during the quarter.
Multiplex chain PVR Inox on October 19 reported a profit of Rs 166.3 crore in the second quarter of fiscal 2024 as against a loss of Rs 81.6 crore in the June quarter on account of the success of films including Jawan, Jailer, and Gadar 2, according to company’s balance sheet.
Nestle India Limited on October 19 reported a 36 percent surge in consolidated net profit to Rs 908 crore for the September quarter of FY24 as against Rs 668.3 crore a year ago. Total revenue of the company stood at Rs 5,036 crore, rising 9.6 percent from Rs 4,591 crore a year ago.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|AERPACE||General;Quarterly Results||20-Oct-23||J&KBANK||General;Quarterly Results||20-Oct-23|
|AIIL||General;Quarterly Results||20-Oct-23||JAIMATAG||Quarterly Results||20-Oct-23|
|ATUL||Quarterly Results||20-Oct-23||JSWENERGY||Quarterly Results||20-Oct-23|
|BUTTERFLY||Quarterly Results||20-Oct-23||JSWSTEEL||Quarterly Results||20-Oct-23|
|CAMEXLTD||Quarterly Results||20-Oct-23||JUSTDIAL||Quarterly Results||20-Oct-23|
|CENTRALBK||Quarterly Results||20-Oct-23||KAJARIACER||Quarterly Results;Interim Dividend||20-Oct-23|
|CENTURYTEX||Quarterly Results||20-Oct-23||KBCGLOBAL||General;Quarterly Results||20-Oct-23|
|CGPOWER||Quarterly Results||20-Oct-23||KENVI||Quarterly Results||20-Oct-23|
|CREDITACC||General;Quarterly Results||20-Oct-23||KFINTECH||Quarterly Results||20-Oct-23|
|CSBBANK||Quarterly Results||20-Oct-23||L&TFH||Quarterly Results||20-Oct-23|
|DIKSAT||General||20-Oct-23||LAURUSLABS||Quarterly Results;Interim Dividend||20-Oct-23|
|DRAGARWQ||Quarterly Results;Interim Dividend||20-Oct-23||LLOYDSENGG||Quarterly Results||20-Oct-23|
|ELECON||Quarterly Results;General;Interim Dividend||20-Oct-23||MORARJEE||Quarterly Results||20-Oct-23|
|EPSOMPRO||Quarterly Results||20-Oct-23||NATPEROX||General;Final Dividend||20-Oct-23|
|EXCEL||Quarterly Results||20-Oct-23||NUWAY||Quarterly Results||20-Oct-23|
|GLS||Quarterly Results||20-Oct-23||ONWARDTEC||Quarterly Results||20-Oct-23|
|GOACARBON||Quarterly Results||20-Oct-23||ORCHASP||Preferential Issue of shares||20-Oct-23|
|HINDZINC||Quarterly Results||20-Oct-23||PAYTM||Quarterly Results||20-Oct-23|
|ICRA||Quarterly Results||20-Oct-23||PILITA||Quarterly Results||20-Oct-23|
|INFOMEDIA||Quarterly Results||20-Oct-23||PNBGILTS||Quarterly Results||20-Oct-23|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ANANDRATHI||20-Oct-23||Interim Dividend – Rs. – 5.0000||27-Oct-23||Interim Dividend – Rs. – 17.0000|
|ANGELONE||20-Oct-23||Interim Dividend – Rs. – 12.7000||SHASHIJIT||27-Oct-23||Stock Split From Rs.10/- to Rs.2/-|
|DALBHARAT||20-Oct-23||Interim Dividend – Rs. – 4.0000||SVRL||27-Oct-23||Bonus issue 1:1|
|HCLTECH||20-Oct-23||Interim Dividend – Rs. – 12.0000||TALBROAUTO||27-Oct-23||Stock Split From Rs.10/- to Rs.2/-|
|KPIGREEN||20-Oct-23||Interim Dividend – Rs. – 0.2500||RKFORGE||30-Oct-23||Interim Dividend|
|VICEROY||20-Oct-23||Resolution Plan -Suspension||BALKRISIND||31-Oct-23||Interim Dividend|
|INFY||25-Oct-23||Interim Dividend – Rs. – 18.0000||ELECON||31-Oct-23||Interim Dividend|
|JAYBARMARU||26-Oct-23||Stock Split From Rs.5/- to Rs.2/-||SASKEN||31-Oct-23||Interim Dividend|
|KSOLVES||26-Oct-23||Interim Dividend – Rs. – 7.0000||STYRENIX||31-Oct-23||Interim Dividend|
|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||NESTLEIND||01-Nov-23||Interim Dividend|
|BCLIL||27-Oct-23||Stock Split From Rs.10/- to Rs.1/-||HINDUNILVR||02-Nov-23||Interim Dividend|
|ICICIGI||27-Oct-23||Interim Dividend – Rs. – 5.0000||ASIANPAINT||03-Nov-23||Interim Dividend|
|ISEC||27-Oct-23||Interim Dividend – Rs. – 12.0000||BNALTD||03-Nov-23||E.G.M.|
|JSL||27-Oct-23||Interim Dividend||EMBASSY||03-Nov-23||Income Distribution RITES|
|LTIM||27-Oct-23||Interim Dividend – Rs. – 20.0000||COLPAL||06-Nov-23||Interim Dividend|
|LTTS||27-Oct-23||Interim Dividend – Rs. – 17.0000||SHRIRAMFIN||06-Nov-23||Interim Dividend|
|SHASHIJIT||27-Oct-23||Stock Split From Rs.10/- to Rs.2/-||MARICO||07-Nov-23||Interim Dividend|
|SVRL||27-Oct-23||Bonus issue 1:1||TCI||07-Nov-23||Interim Dividend|
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