The NIFTY opened at 21529.30 with a gap down of 15 points. The index initially saw a minor dip which found support quickly and prices bounced up and came into positive territory. Soon the index started a process of consolidation that lasted for the whole afternoon. In the last two hours of trading, prices have seen a breakout and rallied higher which lasted till the end. The NIFTY today first recorded its intraday low at 21448.65 in the morning trades, ts intraday high at 21641.85 towards the ends, and finally closed at 21618.70 near its day’s high with a gain of 73.85 points or 0.34% up. MEDIA outperformed today and closed with a gain of 3.47% followed by METAL and IT. FMCG and REALTY were the only sectors that ended with a loss. OIL GAS ended without much of a change.

The long-term trend is up while the long-term momentum has been moving inside the strength zone and again turned up. Both the momentums have again aligned on the upside suggesting higher levels may be ahead. The short-term trend is sideways now. The index is trading inside a narrow range. Wait for a decisive breakout.


The BANK NIFTY opened at 47073.85 with a gap down of 157 points. The index initially saw a dip but soon found support around 47000 and turned up. Prices have seen a sharp intraday rally which found resistance around 47400. The index started a consolidation process which lasted till the end. Prices first recorded its intraday low at 47010.80, then its intraday high at 47423.45, and finally closed at 47359.35 with a gain of 129 points. PSU BANKS have underperformed today, saw a mild downside move, and ended with a loss of 0.24%. PVT BANKs have outperformed today, saw a mild upside move, and ended with a gain of 0.34%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while AXIS BANK contributed the lowest. The short-term trend is sideways now. We have been tracking a narrow trading range of 1000 points with support around 47500 and resistance around 48500 which the index broke on the downside. However. The range has expanded itself with fresh support emerging around 47000 levels. Resistance is the same around 48500.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.24.01 Jan 3125.3 3.03 1.13 13414200 MANAPPURAM.24.01 Jan 168.3 -4.86 7.25 61656000
RELIANCE.24.01 Jan 2668.15 2.94 4.03 33919000 IGL.24.01 Jan 417.95 -3.06 4.99 14119875
CIPLA.24.01 Jan 1333.55 2.91 5.76 10134150 METROPOLIS.24.01 Jan 1617.7 -2.83 2.89 1565200
IRCTC.24.01 Jan 948.4 2.81 7.58 18088000 NMDC.24.01 Jan 212 -2.71 6.56 84631500
CROMPTON.24.01 Jan 323.5 2.55 4.3 19697400 BALRAMCHIN.24.01 Jan 393.15 -2.03 0.87 9430400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DELTACORP.24.01 Jan 156.3 3.85 -3 16269000 ONGC.24.01 Jan 213.2 -1.89 -1.22 55108900
BSOFT.24.01 Jan 745 3.02 -1.63 5554000 BANDHANBNK.24.01 Jan 232.35 -1.44 -1.29 103405000
GNFC.24.01 Jan 780 1.92 -0.02 7307300 CHAMBLFERT.24.01 Jan 374 -1.24 -1.06 12279700
NATIONALUM.24.01 Jan 131 1.59 -3.25 69637500 GRANULES.24.01 Jan 406.25 -1.13 -0.89 10864000
IEX.24.01 Jan 165.1 1.29 -0.84 70875000 IOC.24.01 Jan 131.25 -1.02 -1.29 128280750


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Prudential Life In 541.25 0.07 2156707 3969806 74.75 Nifty50 21618.7 0.34 71508
Grasim Ind Ltd. 2068.55 0.62 325322 935274 72.38 Niftybank 47360.85 0.25 71508
Hindustan Unilever Ltd 2577.4 -0.09 881278 776132 70.46 Nifty it 34834.35 0.5 71508
Pidilite Industries Ltd 2709.3 -0.54 274833 207317 70.09 India Vix 12.97 -2.19 71673
Piind 3459.4 0.54 177985 384290 69.69 Nifty Fmcg 56348.95 -0.4 71508
Godrej Cons Products Ltd 1141.3 -1.84 1508578 1044419 68.65 Nifty Pharma 17401.9 0.32 71508
Itc Ltd. 463.3 -0.27 5896123 4027680 68.62 Nifty Realty 865.8 -0.11 71508
Page Industries Limited 37138.8 1.88 36662 58496 68.23 Nifty Auto 18559.1 0.21 71508
Dabur India Ltd. 547.35 -0.09 1758621 1480212 67.98 Nifty Metal 7882.65 0.95 71508
Jublfood 522.9 -0.32 1685143 1874469 67.49 Nifty Financial Services 21224.3 0.13 71508


   Domestic                                                                                                                                                  International
INR: Thomson Reuters IPSOS PCSI (MoM) (Jan) on 12th January, 2024

INR: CPI (YoY) (Dec) on 12th January, 2024

USD: Initial Jobless Claims on 11th January, 2024

USD: CPI (YoY) (Dec) on 11th January, 2024


  • The benchmark Indian indices managed to end higher on January 10 amid high volatility as investors preferred to stay on the sidelines ahead of the CPI inflation data and key Q3 earnings this week. The Sensex closed 271.50 points or 0.38 percent higher at 71,658, and the Nifty was up 73.90 points or 0.34 percent at 21,619.

  • Reliance Industries Limited will help Gujarat meet half of its energy needs through renewable energy by 2030 to make the state a global leader in green growth, RIL chairman Mukesh Ambani has said. Speaking at the the inauguration of Vibrant Gujarat Summit on January 10, Ambani said Reliance invested more than $150 billion, or Rs 12 lakh crore, in creating world-class assets and capacities across India in the past 10 years. Of this, more than a third has been invested in Gujarat, he added.

  • Aurobindo Pharma is in value unlocking mode again, and is now exploring a big-bang initial public offer (IPO) of its wholly-owned subsidiary — speciality generic firm Eugia Pharma Specialities — to raise around Rs 4,500 crore in 2024, multiple industry sources told Moneycontrol.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
5PAISA General;Quarterly Results 11-Jan-24 VIJAYTX Quarterly Results 11-Jan-24
AGIIL General;Quarterly Results 11-Jan-24 ZINEMA General 11-Jan-24
BPTEX Preferential Issue of shares;Issue Of Warrants 11-Jan-24 AMAL Quarterly Results 12-Jan-24
CONTAINE General 11-Jan-24 ANANDRATHI Quarterly Results 12-Jan-24
FUNDVISER General;Quarterly Results 11-Jan-24 ARTSONEN Quarterly Results 12-Jan-24
GTPL Quarterly Results 11-Jan-24 AVG Issue Of Warrants 12-Jan-24
GUJHOTE Quarterly Results 11-Jan-24 BBL Quarterly Results 12-Jan-24
GVFILM Issue Of Warrants 11-Jan-24 BIRLAMONEY Quarterly Results 12-Jan-24
HDFCAMC Quarterly Results 11-Jan-24 CUBIFIN Quarterly Results 12-Jan-24
IGCIL General 11-Jan-24 DEN Quarterly Results 12-Jan-24
INFY Audited Results;Quarterly Results 11-Jan-24 DSINVEST General 12-Jan-24
KENVI Quarterly Results 11-Jan-24 HARSHILAGR Quarterly Results;General 12-Jan-24
LONTE Quarterly Results 11-Jan-24 HATHWAYB Quarterly Results 12-Jan-24
MERCTRD General;Quarterly Results 11-Jan-24 HCLTECH Quarterly Results;Interim Dividend 12-Jan-24
PLASTIBLEN Quarterly Results 11-Jan-24 HDFCLIFE Quarterly Results 12-Jan-24
PROFINC Consolidation of Shares;Quarterly Results 11-Jan-24 HITECH Quarterly Results 12-Jan-24
QUASAR Quarterly Results 11-Jan-24 INDINFO Right Issue of Equity Shares 12-Jan-24
RAJOOENG Quarterly Results 11-Jan-24 ITHL Quarterly Results 12-Jan-24
ROSEMER General;Employees Stock Option Plan 11-Jan-24 JTLIND Quarterly Results;General 12-Jan-24
SONALIS Audited Results 11-Jan-24 JUSTDIAL Quarterly Results 12-Jan-24
SPYL Quarterly Results 11-Jan-24 KAARYAFSL Preferential Issue of shares;General 12-Jan-24
TCS Interim Dividend;Audited Results;Quarterly Results 11-Jan-24 LKPFIN Quarterly Results 12-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ESSENTIA 11-Jan-24 Bonus issue 1:1 HCLTECH 19-Jan-24 Interim Dividend
FRANKLININD 11-Jan-24 Stock  Split From Rs.10/- to Rs.1/- SBC 19-Jan-24 Bonus issue 1:2
FREDUN 11-Jan-24 E.G.M. TCS 19-Jan-24 Interim Dividend
OLPCL 11-Jan-24 E.G.M. ANGELONE 23-Jan-24 Interim Dividend
ASCENSIVE 12-Jan-24 E.G.M. ASARFI 23-Jan-24 E.G.M.
INFRATRUST 12-Jan-24 Income Distribution (InvIT) PRIMEFRESH 24-Jan-24 E.G.M.
KAUSHALYA 12-Jan-24 Consolidation of Shares SHRAJSYNQ 24-Jan-24 E.G.M.
NEWGEN 12-Jan-24 Bonus issue 1:1 BRIJLEAS 25-Jan-24 E.G.M.
SKIPPER 12-Jan-24 Right Issue of Equity Shares KSOLVES 25-Jan-24 Interim Dividend
SPENTEX 12-Jan-24 Resolution Plan -Suspension ACCELYA 29-Jan-24 Interim Dividend
SUKHJITS 15-Jan-24 Interim Dividend – Rs. – 8.0000 CROPSTER 29-Jan-24 E.G.M.
TATACOFFEE 15-Jan-24 Amalgamation HITKITGLO 29-Jan-24 E.G.M.
TATACOFFEE 15-Jan-24 Spin Off GOTHIPL 30-Jan-24 Interim Dividend
RAJATH 16-Jan-24 E.G.M. REGENCY 01-Feb-24 E.G.M.
TRISHAKT 16-Jan-24 Stock  Split From Rs.10/- to Rs.2/- ZENSARTECH 02-Feb-24 Interim Dividend
DHAMPURSUG 17-Jan-24 Buy Back of Shares SHREECEM 08-Feb-24 Interim Dividend
MKEXIM 17-Jan-24 Bonus issue 1:2 VAIBHAVGBL 08-Feb-24 Interim Dividend
CHAMBLFERT 18-Jan-24 Buy Back of Shares CAMS 16-Feb-24 Interim Dividend

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