The NIFTY opened at 19890 with a gap up of 71 points. The index continued moving higher after the opening tick and saw a mild up move after recording its intraday low at 19865.35 in its initial trades. Prices have crossed above 19950 and then started moving sideways for the whole afternoon. That consolidation broke on the upside and prices have resumed its upward journey. The index rose with increased momentum in the last one and half hours of trading and crossed above the 20000 mark to record its intraday high at 20008.15. Prices have finally closed at 19996.35 with a gain of 176.40 points or 0.89% up. All the sectoral indices have closed higher except MEDIA which ended with minor loss. AUTO and METAL led the bulls as they have ended over one and a half percent higher. The NIFTY recorded lifetime new highs at 20008.15. Support is visible around 19600 while resistance is visible around the 20000 mark.


The BANK NIFTY opened at 45340.80 with a gap up of 171 points. The index initially moved sideways, saw a minor dip but bounced up quickly after recording its intraday low at 45231.30. Prices have seen a mild up move and a sharp upside rally towards the end. The index recorded its intraday high at 45630.60 and finally closed at 456 18.95 with a gain of 449 points. PSU BANK has significantly outperformed, saw a sharp upside move, and closed with a gain of 3.13%. PVT BANK has also moved up and ended with a gain of 0.79%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while BANDHAN BANK contributed the lowest. The short-term trend is up. Support is visible around 44800 while resistance is visible around 46200 which is very near to the lifetime high.


TATA STEEL 131.15 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 131.65 with a stop loss of 130.50 and a target of 133.95.
BHEL 139.85 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 139.40 with a stop loss of 141.70 and a target of 134.65.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.09 Sep 11.35 7.58 2.64 985680000 BHEL.23.09 Sep 140.5 -3.73 3.72 81049500
ADANIPORTS.23.09 Sep 886.25 7.18 4.39 44893600 PVRINOX.23.09 Sep 1804.75 -2.75 1.3 4711025
CANBK.23.09 Sep 361.3 6.02 2.67 60288300 BSOFT.23.09 Sep 510.6 -1.7 3.33 8184000
ADANIENT.23.09 Sep 2625.5 3.82 2.95 10197900 IEX.23.09 Sep 140.55 -1.51 3.75 69956250
BIOCON.23.09 Sep 277.8 3.75 0.37 29890000 IRCTC.23.09 Sep 719.15 -1.14 7.16 16610125
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCAMC.23.09 Sep 2663.7 5.11 -2.05 5071500 UBL.23.09 Sep 1662.7 -1.31 -5.11 2044400
GLENMARK.23.09 Sep 810 4.07 -2.68 7782150 MCX.23.09 Sep 1771.9 -1.2 -4.47 2860800
BALRAMCHIN.23.09 Sep 422.8 3.75 -6.51 10976000 INDIAMART.23.09 Sep 3194.95 -1.19 -0.93 605700
PNB.23.09 Sep 69.3 3.36 -10.36 279296000 IBULHSGFIN.23.09 Sep 184.8 -1.15 -1.09 59833200
MANAPPURAM.23.09 Sep 148.8 2.69 -2.03 74250000 POLYCAB.23.09 Sep 5171.25 -0.99 -1.08 1646100

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1366.65 1.31 242519 734620 81.39 Nifty50 19996.35 0.89 46245284
Pidilite Industries Ltd 2523.75 0.75 419624 444630 75.84 Niftybank 45570.7 0.92 20286665
Astral Limited 1915.55 0.33 711167 602348 71.88 Nifty it 32642.8 0.7 786098
Dabur India Ltd. 569.7 0.46 690033 491376 70.69 India Vix 11.35 5.29 821476705
Britannia Ind Ltd. 4568.55 0.62 302448 196564 70.63 Nifty Fmcg 52239.05 0.89 325848
Sun Pharma  Ltd 1136.9 0.57 2032253 1257336 70.28 Nifty Pharma 15309.95 0.39 60332201
Sbi Life Insurance Compa 1350.15 0.65 844034 844703 69.57 Nifty Realty 596.6 0.88 1547530809
Itc Ltd. 447.2 1.03 9320577 6836801 68.78 Nifty Auto 16374.95 1.69 56569562
Cummins India Limited 1767.6 0.7 920278 749949 67.86 Nifty Metal 7104.4 1.81 130347924
Srf Ltd. 2436.8 -0.14 256721 291951 67.61 Nifty Financial Services 20305.3 0.83 4484917

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Aug) on 12th September, 2023

INR: Manufacturing Output (MoM) (Jul) on 12th September, 2023

USD: CPI (MoM) (Aug) on 13th September, 2023

USD: PPI (MoM) (Aug) on 14th September, 2023

News Updates

  • The benchmark Nifty 50 shrugged off subdued global cues and outperformed their overseas peers to scale a fresh record high, surpassing the 20,000-mark for the first time ever on September 11. At 3.12 pm, the Nifty 50 was trading 0.9 percent higher at 19,997.85 after hitting a record high of 20,002. The Sensex too was up 0.8 percent at 67,130.59, at just a kissing distance from its record high of 67,619.17.

  • Praj Industries Limited soared 15 percent to hit a 52-week high of Rs 598 on September 11 on expectations that it will benefit from the Global Biofuel Alliance (GBA) launched on Saturday on the sidelines of the G20 Summit by Prime Minister Narendra Modi.

  • Indian Railway Finance Corp Ltd (IRFC) market capitalisation crossed Rs 1 lakh crore on September 11 as the stock climbed to a new high, doubling in value this year. The company is now the 10th most valuable state-run enterprise in the country, surpassing Bharat Electronics Ltd, Bank of Baroda, and Gail India Ltd.
  • Kotak Mahindra Bank plans to push its unsecured retail book to the mid-teens from the current 10.7 percent, said Shanti Ekambaram, President, Consumer Banking, Kotak Mahindra Bank.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACEMEN General;Quarterly Results 12-Sep-23 SHARMEH General 18-Sep-23
MFSINTRCRP General;Quarterly Results 12-Sep-23 GVFILM Preferential Issue of shares 20-Sep-23
TINEAGRO Issue Of Warrants;General 12-Sep-23 VLSFINANCE General 20-Sep-23
TRIL General;Preferential Issue of shares 12-Sep-23 ATALREAL Stock  Split 21-Sep-23
CNCRD Preferential Issue of shares 13-Sep-23 IL&FSTRANS General 22-Sep-23
NAGPI A.G.M.;General 13-Sep-23 MKPL Stock  Split 23-Sep-23
TELESYS General 13-Sep-23 DILIGENT A.G.M. 29-Sep-23
METALFORGE Quarterly Results 14-Sep-23 VAICC A.G.M. 29-Sep-23
BAJAJHLDNG Interim Dividend 15-Sep-23 INTETHR A.G.M. 30-Sep-23
MAHSCOOTER Interim Dividend 15-Sep-23 COFORGE Interim Dividend;Quarterly Results 19-Oct-23
PYRAMID Quarterly Results 15-Sep-23 ULTRACEMCO Quarterly Results 19-Oct-23
GIPCL General 16-Sep-23 MARUTISE Quarterly Results 30-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AIAENG 12-Sep-23 Dividend – Rs. – 16.0000 ORICON 13-Sep-23 Final Dividend – Rs. – 0.5000
BGWTATO 12-Sep-23 Final Dividend – Rs. – 2.0000 POEL 13-Sep-23 Final Dividend – Rs. – 2.0000
DHUNTEAIND 12-Sep-23 Final Dividend – Rs. – 3.0000 SANDUMA 13-Sep-23 Final Dividend – Rs. – 5.0000
HINDHARD 12-Sep-23 Dividend – Rs. – 2.2000 VIJAYA 13-Sep-23 Dividend – Rs. – 1.0000
JWL 12-Sep-23 Dividend – Rs. – 0.5000 AAIL 14-Sep-23 Final Dividend – Rs. – 0.5000
LT 12-Sep-23 Buy Back of Shares AMRUTANJAN 14-Sep-23 Final Dividend – Rs. – 2.6000
MSTC 12-Sep-23 Final Dividend – Rs. – 3.2000 BAJAJELEC 14-Sep-23 Spin Off
POWERGRID 12-Sep-23 Bonus issue 1:3 BLS 14-Sep-23 Final Dividend – Rs. – 0.2500
PRITHVIEXCH 12-Sep-23 Final Dividend – Rs. – 0.5000 CAPPL 14-Sep-23 Final Dividend – Rs. – 2.5000
RACLGEAR 12-Sep-23 Final Dividend – Rs. – 1.5000 DHUNINV 14-Sep-23 Final Dividend – Rs. – 2.5000
SKIPPER 12-Sep-23 Final Dividend – Rs. – 0.1000 DIVSHKT 14-Sep-23 Final Dividend – Rs. – 2.0000
ALICON 13-Sep-23 Final Dividend – Rs. – 3.7500 DRAGARWQ 14-Sep-23 Dividend – Rs. – 3.0000
BHANDHOS 13-Sep-23 Right Issue of Equity Shares GANECOS 14-Sep-23 Dividend – Rs. – 2.0000
CINDHO 13-Sep-23 Final Dividend – Rs. – 1.0000 GOCLCORP 14-Sep-23 Dividend – Rs. – 5.0000
COMPUSOFT 13-Sep-23 Final Dividend – Rs. – 0.4000 GOCLCORP 14-Sep-23 Special Dividend – Rs. – 5.0000
DVL 13-Sep-23 Final Dividend – Rs. – 5.0000 INVPRECQ 14-Sep-23 Final Dividend – Rs. – 1.0000
GOKEX 13-Sep-23 Final Dividend – Rs. – 1.0000 JKIL 14-Sep-23 Final Dividend – Rs. – 3.5000
HALDER 13-Sep-23 Final Dividend – Rs. – 1.0000 LAKSHMIMIL 14-Sep-23 Dividend – Rs. – 9.0000
HESTERBIO 13-Sep-23 Final Dividend – Rs. – 8.0000 LAMBODHARA 14-Sep-23 Final Dividend – Rs. – 0.7500
HGS 13-Sep-23 Final Dividend – Rs. – 2.5000 MANAKSIA 14-Sep-23 Final Dividend – Rs. – 3.0000
KALYANIFRG 13-Sep-23 Final Dividend – Rs. – 3.0000 MURUDCERA 14-Sep-23 Final Dividend – Rs. – 0.5000
MANCREDIT 13-Sep-23 Final Dividend – Rs. – 0.5000 NIKHILAD 14-Sep-23 Final Dividend – Rs. – 0.2000

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