The NIFTY opened at 19578.80 without much of a gap. The index started moving on the downside from its opening tick and went down more than 100 points and then found strong support there. Prices started a process of consolidation there and eventually broke on the upside after recording its intraday low at 19467.50. The index rallied sharply and recovered all the losses. The index rallied further up which lasted till the end and recorded its intraday high at 19645.50. Prices have finally closed at 19632.55 near its intraday highs with a gain of 61.70 points or 0.32% up. MEDIA and METAL outperformed today and gained over 2% followed by OIL GAS and AUTO. REALTY underperformed and ended with a loss of over 1% followed by BANK and FINANCIAL. Volatility is rising and today is the weekly expiry day. Also, the RBI is going to announce the outcome of its meeting today.


The BANK NIFTY opened at 44973.45 without much of a gap. The index started drifting downwards from its opening tick but found support just above 44500. Prices have started a process of consolidation which eventually broke on the upside and prices have seen a sharp rally afterwards. The index recorded its intraday low at 44533.75, its intraday high at 44975, and finally closed at 44881.05 with a loss of 101 points. PSU and PVT BANKS have performed almost the same today, moved sideways, and finally closed with minor losses of 0.10% &0.16% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICI BANK contributed the lowest. It was a tale of two halves in the BANK Index. In the first half, prices have moved down sharply while in the second half, the index saw a sharp recovery The intraday range was fairly wide. The short-term trend is sideways now. Support is visible around 44000 while resistance is visible around 45500.


METRO POLISH HEALTHCARE 1427.35 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1432.12 with a stop loss of 1417.00 and a target of 1463.10.
POWER GRID 240.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 239.95 with a stop loss of 241.10 and a target of 237.65.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BAJAJ FINANCE  7150 CE BUY 172.05 CMP 156.50 220 REVERSAL
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHARATFORG.23.08 Aug 970.65 6.67 9.04 8447000 BATAINDIA.23.08 Aug 1684.2 -3.16 17.22 2088375
TRENT.23.08 Aug 1798.55 4.42 15.15 4354000 SYNGENE.23.08 Aug 807.55 -2.53 0.89 3166000
DRREDDY.23.08 Aug 5895.95 3.53 12.88 3301000 GODREJPROP.23.08 Aug 1537.1 -2.17 6.29 3763425
JINDALSTEL.23.08 Aug 681.15 3.2 7.18 26117500 BERGEPAINT.23.08 Aug 692.6 -2.1 19.3 9880200
METROPOLIS.23.08 Aug 1435.95 2.96 2.63 1620800 ICICIGI.23.08 Aug 1398.9 -1.55 2.31 3878500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ABFRL.23.08 Aug 217.5 7.35 -17.9 25056200 DIVISLAB.23.08 Aug 3727.9 -2.99 -2.6 2774600
INDIACEM.23.08 Aug 230.4 6.64 -18.77 17684200 MFSL.23.08 Aug 794.45 -2.71 -0.31 5096800
VOLTAS.23.08 Aug 851.8 3.69 -7.22 8654400 SBICARD.23.08 Aug 873.4 -1.4 -0.69 8772800
IBULHSGFIN.23.08 Aug 170.05 3.47 -1.74 54789300 BIOCON.23.08 Aug 270.95 -1.38 -3.99 31250000
HINDALCO.23.08 Aug 468.65 3.3 -0.47 23808400 MANAPPURAM.2308Aug 142.35 -1.25 -1.03 68862000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Tata Consultancy Serv Lt 3462.5 -0.23 1794589 1271634 77.81 Nifty50 19632.55 0.32 37220596
Hindustan Unilever Ltd 2552.2 -0.53 1212549 755235 75.37 Niftybank 44880.7 -0.19 16256328
Infosys Limited 1394.4 0.3 4090828 3120315 74.97 Nifty it 30940.05 0.37 824313
Upl Limited 615.2 1.8 4701339 1703032 74.13 India Vix 11.14 -1.59 643910568
Marico Limited 585.15 1.37 2394453 949710 74.04 Nifty Fmcg 52206.2 0.54 427040
Dabur India Ltd. 572.15 1.73 1130663 1447633 73.99 Nifty Pharma 15696.85 0.76 46550298
Reliance Industries Ltd 2525.2 0.66 5743293 3612658 73.4 Nifty Realty 534.65 -1.24 1355019595
Pidilite Industries Ltd 2603.6 -0.77 244304 211988 72.02 Nifty Auto 15486.2 0.93 47228873
Bharti Airtel Limited 883.7 -0.19 3185159 2338387 71.23 Nifty Metal 6677.85 2.03 109789313
Power Grid Corporation o 240.35 -0.48 13831606 7854517 69.03 Nifty Financial Services 20044.4 -0.21 4592693

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 10th August, 2023

INR: Thomson Reuters IPSOS PCSI (MoM) (Aug) on 11th August, 2023

USD: CPI (MoM) (Jul) on 10th August, 2023

USD: Initial Jobless Claims on 10th August, 2023

News Updates

  • Benchmark indices ended higher in the volatile session on August 9 with Nifty above 19,600. At close, the Sensex was up 149.31 points or 0.23 percent at 65,995.81, and the Nifty was up 61.70 points or 0.32 percent at 19,632.50. About 1963 shares advanced, 1521 shares declined, and 142 shares unchanged.

  • Berger Paints on August 9 reported a 39 percent jump in net profit at Rs 326.32 crore for the first quarter of the current financial year. The Kolkata-based firm had posted a net profit of Rs 234.40 crore in the corresponding period of the previous fiscal. Sequentially, the profit zoomed 66 percent from Rs 196.21 crore, the company said in an exchange filing. Revenue from operations came in at Rs 2,739.76 crore, up 10 percent from Rs 2,488.67 crore in Q1 FY23.

  • Tata Digital, the conglomerate’s e-commerce project, grew in scale and registered revenues of Rs 204.35 crore in FY23, a 13X jump from Rs 15.9 crore that it clocked in FY22. Although loses mounted up it was at a slower pace.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
21STCENMGM Quarterly Results 10-Aug-23 APOLLOTYRE Quarterly Results 10-Aug-23
3MINDIA General;Quarterly Results 10-Aug-23 APTANN Quarterly Results 10-Aug-23
7TEC Quarterly Results;A.G.M. 10-Aug-23 AQFINTECH Quarterly Results 10-Aug-23
AAL Quarterly Results;General 10-Aug-23 ARCOTECH General;Quarterly Results 10-Aug-23
ACFL Quarterly Results 10-Aug-23 AREYDRG Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 10-Aug-23
ADARSH Quarterly Results 10-Aug-23 ARIES Quarterly Results 10-Aug-23
ADVANIHOTR Quarterly Results 10-Aug-23 ARISINT General;Quarterly Results 10-Aug-23
AJCON Quarterly Results 10-Aug-23 ARL Quarterly Results 10-Aug-23
AKSCHEM Quarterly Results 10-Aug-23 ARVINDFASN Quarterly Results 10-Aug-23
ALBERTDA Quarterly Results 10-Aug-23 ASAHISONG Quarterly Results 10-Aug-23
ALEMBICLTD Quarterly Results;General 10-Aug-23 ASALCBR Quarterly Results 10-Aug-23
ALKEM Quarterly Results 10-Aug-23 ASHAPURMIN Quarterly Results 10-Aug-23
ALLCARGO Quarterly Results 10-Aug-23 ASHOKA Quarterly Results 10-Aug-23
ALMONDZ General;Quarterly Results 10-Aug-23 ASHOKRE General;Quarterly Results;A.G.M. 10-Aug-23
AMALGAM Quarterly Results;A.G.M. 10-Aug-23 ASIANHOTNR Quarterly Results 10-Aug-23
AMBALALSA Quarterly Results;General;A.G.M. 10-Aug-23 ATLANTA Quarterly Results 10-Aug-23
AMBIKCO Quarterly Results 10-Aug-23 AVALON Quarterly Results 10-Aug-23
ANANDPROJ Quarterly Results 10-Aug-23 AVANTI Quarterly Results 10-Aug-23
ANERI Quarterly Results 10-Aug-23 AVROIND Quarterly Results 10-Aug-23
ANMOL Increase in Authorised Capital;General 10-Aug-23 AYMSYNTEX Quarterly Results 10-Aug-23
ANSALHSG Quarterly Results 10-Aug-23 BAJAJELEC Quarterly Results 10-Aug-23
APOLLO Quarterly Results 10-Aug-23 BAJGLOB Quarterly Results 10-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
 MANINFRA 10-Aug-23 Interim Dividend – Rs. – 0.3600 BANDHANBNK 11-Aug-23 Final Dividend – Rs. – 1.5000
ADSL 10-Aug-23 Final Dividend – Rs. – 1.2500 BHARTIARTL 11-Aug-23 Final Dividend – Rs. – 4.0000
ALKEM 10-Aug-23 Final Dividend – Rs. – 10.0000 BHEL 11-Aug-23 Final Dividend – Rs. – 0.4000
AVL 10-Aug-23 Final Dividend – Rs. – 7.5000 BPCL 11-Aug-23 Dividend – Rs. – 4.0000
GOACARBON 10-Aug-23 Dividend – Rs. – 17.5000 CCL 11-Aug-23 Final Dividend – Rs. – 2.5000
IRBINVIT 10-Aug-23 Income Distribution (InvIT) CENTENKA 11-Aug-23 Final Dividend – Rs. – 10.0000
JSWISPL 10-Aug-23 Amalgamation CUB 11-Aug-23 Dividend – Rs. – 1.0000
JUBLINGREA 10-Aug-23 Final Dividend – Rs. – 2.5000 CUBEINVIT 11-Aug-23 Income Distribution (InvIT)
JUBLPHARMA 10-Aug-23 Final Dividend – Rs. – 5.0000 DIVISLAB 11-Aug-23 Final Dividend – Rs. – 30.0000
KCP 10-Aug-23 Final Dividend – Rs. – 0.1000 ENDURANCE 11-Aug-23 Dividend – Rs. – 7.0000
LINDEINDIA 10-Aug-23 Special Dividend – Rs. – 7.5000 FEDERALBNK 11-Aug-23 Final Dividend – Rs. – 1.0000
LINDEINDIA 10-Aug-23 Final Dividend – Rs. – 4.5000 GODFRYPHLP 11-Aug-23 Final Dividend – Rs. – 44.0000
LUMAXIND 10-Aug-23 Final Dividend – Rs. – 27.0000 GRASIM 11-Aug-23 Final Dividend – Rs. – 10.0000
LUMAXTECH 10-Aug-23 Final Dividend – Rs. – 4.5000 HBSTOCK 11-Aug-23 Dividend – Rs. – 1.0000
NITINCAST 10-Aug-23 Dividend – Rs. – 0.7500 ICIL 11-Aug-23 Final Dividend – Rs. – 2.0000
POWERINDIA 10-Aug-23 Final Dividend – Rs. – 3.4000 INDOBORAX 11-Aug-23 Dividend – Rs. – 1.0000
RAMAPHO 10-Aug-23 Final Dividend – Rs. – 1.0000 JKLAKSHMI 11-Aug-23 Final Dividend – Rs. – 3.7500
SUNSHIEL 10-Aug-23 Final Dividend – Rs. – 2.0000 KOLTEPATIL 11-Aug-23 Final Dividend – Rs. – 4.0000
THOMASCOOK 10-Aug-23 Dividend – Rs. – 0.4000 KOVAI 11-Aug-23 Special Dividend – Rs. – 5.0000
VAIBHAVGBL 10-Aug-23 Interim Dividend – Rs. – 1.5000 KOVAI 11-Aug-23 Final Dividend – Rs. – 5.0000
ANUHPHR 11-Aug-23 Final Dividend – Rs. – 2.0000 KSL 11-Aug-23 Dividend – Rs. – 10.0000
BALKRISIND 11-Aug-23 Interim Dividend – Rs. – 4.0000 LALPATHLAB 11-Aug-23 Interim Dividend – Rs. – 6.0000

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