The NIFTY opened at 21414.20 with a big gap down of 157 points. The index continued its bearish momentum and saw a sharp fall for the first 45 minutes of trading. However, prices reversed V-shaped after recording its intraday low at 21285.55, saw a sharp upside rally and almost recovered the entire loss but failed to hold there. A minor dip came and then the index formed a consolidation. The NIFTY moved sideways till the end. Prices have recorded its intraday high at 21539.40 and closed at 21462.25 above the opening tick with a loss of 109.70 points or 0.51% down. PHARMA outperformed today and closed with a gain of over 1% followed by REALTY, OIL GAS, and AUTO. FINANCIAL underperformed today and closed with a loss of 1% followed by METAL, BANK, IT, and FMCG. The short-term trend is down now as the NIFTY has been closing lower for the past three trading days. We were expecting the indeed may hold 21500 support but it broke down and closed lower. The long-term trend is down while the long-term momentum turned down from the strength zone and is now heading toward the weak zone.


The BANK NIFTY opened at 45492.75 with a big gap down of 591 points. The index initially moved higher, filled the entire gap, and then found resistance there. Prices then took a U-Turn, saw a sharp decline, and came near to its opening tick. The index saw some recovery towards the end. Prices have recorded its intraday low at 45430.70, then its intraday high at 46184.05, and finally closed at 45762 with a loss of 321 points. PVT BANKs have underperformed today, saw a sharp downside move, and ended with a loss of 0.82%. PSU BANKs have outperformed today, saw a sharp upside move, and finally ended with a gain of 0.81%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the least. The short-term trend is down now as the BANK Index has been closing lower for the past three trading days and incurred a loss of over 5%. After such a sharp fall, prices tend to consolidate or move sideways.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
OFSS.24.01 Jan 6469.95 27.15 86.66 1447000 LTIM.24.01 Jan 5608.45 -10.89 36.95 1799550
APOLLOTYRE.24.01 Jan 502.8 6.23 24.61 16561400 ICICIPRULI.24.01 Jan 486.1 -5.87 28.31 16389000
TATACOMM.24.01 Jan 1807 6.21 8.21 8630000 MPHASIS.24.01 Jan 2532.15 -3.74 3.93 2662000
AARTIIND.24.01 Jan 612.45 5.05 3.54 11193000 IPCALAB.24.01 Jan 1081.7 -3.56 5.36 2249650
MGL.24.01 Jan 1312 4.15 7.51 2876000 INDIAMART.24.01 Jan 2515 -3.47 14.34 1341600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZEEL.24.01 Jan 250.95 2.16 -0.78 97572000 IEX.24.01 Jan 138 -6.28 -6.49 58020000
CIPLA.24.01 Jan 1321.65 2.09 -0.78 9210500 RBLBANK.24.01 Jan 270.05 -4.83 -0.28 51965000
BEL.24.01 Jan 189.55 2.02 -2.09 75644700 LTTS.24.01 Jan 5422.95 -2.39 -16.73 675800
HDFCAMC.24.01 Jan 3404.4 1.97 -0.19 2889300 ALKEM.24.01 Jan 4948.8 -2.38 -0.64 1049600
INDUSTOWER.24.01 Jan 216.45 1.86 -0.05 82793400 BSOFT.24.01 Jan 781.15 -2.37 -6.47 4643000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2548 -0.58 1273095 2514107 82.49 Nifty50 21462.25 -0.51 71523
Godrej Cons Products Ltd 1109.1 0.78 2486764 1531882 78.57 Niftybank 45713.55 -0.76 71523
Infosys Limited 1642.6 0.15 6375464 6966637 75.64 Nifty it 36730.5 -0.62 71523
Power Grid Corporation o 233.45 -2.4 25522629 10244565 75.22 India Vix 14.07 -6.7 71604
Hdfc Life Insurance Comp 607.8 0.2 3658639 7606043 74.69 Nifty Fmcg 55953.6 -0.54 71523
Cholamandalam Investment 1291.65 0.28 1912562 1767578 74.31 Nifty Pharma 17331.25 1.03 71523
Lalpathlab 2455.8 0.75 129608 165282 72.09 Nifty Realty 862.5 0.72 71523
Havells India Limited 1400.3 -2.17 603033 781958 71.79 Nifty Auto 18496.25 0.27 71523
Sun Pharma  Ltd 1335.75 2.83 2842572 1800595 70.76 Nifty Metal 7629.1 -0.84 71523
Voltas Ltd. 1036.25 -1.56 1646283 982234 70.72 Nifty Financial Services 20324.05 -1 71523


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 19th January, 2024

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

USD: Existing Home Sales (Dec) on 19th January, 2024

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


  • In the highly volatile session the Indian benchmark indices ended lower with Nifty below21,500. At close, the Sensex was down 313.90 points or 0.44 percent at 71,186.86, and the Nifty was down 109.70 points or 0.51 percent at 21,462.30. About 1481 shares advanced, 1737 shares declined, and 70 shares unchanged.

  • Polycab India on January 18 reported a 15.3 percent jump in net profit for the December quarter to Rs 416.51 crore against Rs 361.69 crore a year ago. Net sales for the quarter stood at Rs 4,340.47 crore, up 16.8 percent from a year ago, the cables and wires maker said in an exchange filing. Total cost jumped 19 percent to Rs 3,865.06 crore.

  • ITC is a great growth story and is reasonably valued, GQG Partners CIO Rajiv Jain has said after his investment firm raised stake in the conglomerate in the December quarter after having owned the stock for two years. At the current level of 23x earnings, ITC’s valuation is “incredibly attractive” and the stock should see lower double-digit earnings as well, Jain said in an interview with CNBC.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ATUL Quarterly Results 19-Jan-24 JMDVL General 19-Jan-24
AVANTEL Quarterly Results 19-Jan-24 KEYCORP Quarterly Results 19-Jan-24
AXITA Quarterly Results;General 19-Jan-24 MADHUDIN Quarterly Results 19-Jan-24
AXTEL Quarterly Results 19-Jan-24 MAYUKH Quarterly Results;General 19-Jan-24
CENTRALBK Quarterly Results 19-Jan-24 MORARKFI Quarterly Results 19-Jan-24
CESC Quarterly Results;Interim Dividend 19-Jan-24 ONWARDTEC Quarterly Results 19-Jan-24
COLABCLOUD Quarterly Results 19-Jan-24 OXFORDIN Quarterly Results 19-Jan-24
COSMICCRF Preferential Issue of shares 19-Jan-24 PAYTM Quarterly Results 19-Jan-24
COSMOFE General 19-Jan-24 PONNIERODE Quarterly Results 19-Jan-24
CREDITACC Quarterly Results;General 19-Jan-24 PRIMESECU Quarterly Results 19-Jan-24
DCXINDIA General 19-Jan-24 RAHME Quarterly Results;General 19-Jan-24
FUTSOL Quarterly Results 19-Jan-24 RBLBANK Quarterly Results 19-Jan-24
GALACTICO Quarterly Results 19-Jan-24 RELIANCE Quarterly Results 19-Jan-24
GBLINFRA Audited Results;Quarterly Results 19-Jan-24 RFSL Increase in Authorised Capital;General 19-Jan-24
GLFL Quarterly Results 19-Jan-24 RLFL General 19-Jan-24
GVFILM General 19-Jan-24 SCBL Reduction of Capital;Quarterly Results 19-Jan-24
HATSUN Quarterly Results 19-Jan-24 SECURCRED Quarterly Results;General 19-Jan-24
HINDUNILVR Quarterly Results 19-Jan-24 SGFIN Quarterly Results 19-Jan-24
HINDZINC Quarterly Results 19-Jan-24 SHEETAL Quarterly Results;General 19-Jan-24
HTMEDIA Quarterly Results 19-Jan-24 SHISHIND Quarterly Results 19-Jan-24
INTENTECH Quarterly Results;General 19-Jan-24 SHREDIGCEM Quarterly Results 19-Jan-24
ISFT Issue Of Warrants;Preferential Issue of shares 19-Jan-24 SIGACHI Quarterly Results;General 19-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADROITINFO 19-Jan-24 Right Issue of Equity Shares KSOLVES 25-Jan-24 Interim Dividend
GRCABLE 19-Jan-24 Resolution Plan -Suspension MASTEK 25-Jan-24 Interim Dividend
HCLTECH 19-Jan-24 Interim Dividend – Rs. – 12.0000 RHL 25-Jan-24 E.G.M.
SBC 19-Jan-24 Bonus issue 1:2 360ONE 29-Jan-24 Interim Dividend
TCS 19-Jan-24 Special Dividend – Rs. – 18.0000 ACCELYA 29-Jan-24 Interim Dividend
TCS 19-Jan-24 Interim Dividend – Rs. – 9.0000 CROPSTER 29-Jan-24 E.G.M.
TINPLATE 19-Jan-24 Amalgamation GOACARBON 29-Jan-24 Interim Dividend – Rs. – 10.0000
MASFIN 22-Jan-24 Interim Dividend – Rs. – 3.0000 HITKITGLO 29-Jan-24 E.G.M.
ANGELONE 23-Jan-24 Interim Dividend – Rs. – 12.7000 INDINFO 29-Jan-24 Right Issue of Equity Shares
ASARFI 23-Jan-24 E.G.M. MANGIND 29-Jan-24 Right Issue of Equity Shares
AKSHAR 24-Jan-24 E.G.M. PCBL 29-Jan-24 Interim Dividend – Rs. – 5.5000
PRIMEFRESH 24-Jan-24 E.G.M. SINCLAIR 29-Jan-24 Bonus issue 1:1
SABTN 24-Jan-24 Resolution Plan -Suspension GOTHIPL 30-Jan-24 Interim Dividend
SHRAJSYNQ 24-Jan-24 E.G.M. PERSISTENT 30-Jan-24 Interim Dividend
WIPRO 24-Jan-24 Interim Dividend – Rs. – 1.0000 SIEMENS 30-Jan-24 Final Dividend – Rs. – 10.0000
AHLEAST 25-Jan-24 E.G.M. AURIONPRO 31-Jan-24 E.G.M.
ARNOLD 25-Jan-24 Buy Back of Shares BIGBLOC 01-Feb-24 Interim Dividend
BRIJLEAS 25-Jan-24 E.G.M. HARSHILAGR 01-Feb-24 E.G.M.
DOLPHIN 25-Jan-24 Stock  Split From Rs.10/- to Rs.1/- HAVELLS 01-Feb-24 Interim Dividend
IIFL 25-Jan-24 Interim Dividend – Rs. – 4.0000 PURVA 01-Feb-24 Interim Dividend
JOYREALTY 25-Jan-24 E.G.M. REGENCY 01-Feb-24 E.G.M.
KDDL 25-Jan-24 Dividend ROUTE 01-Feb-24 Interim Dividend

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