THE NIFTY ENDED ALMOST ON A FLAT NOTE

NIFTY:

The NIFTY opened at 19729.35 with a gap up of 57 points. The index could not sustain at the higher levels and started drifting downwards from the opening tick. Prices have found support, turned up but failed to hold higher, and again moved down to record its intraday low at 19615.95. The decline was sharp this time but found support just above 19600.The index recovered in the last two hours of trading and finally closed at 19680.60 below its opening tick but above last closing price with again of just 8.25 points or 0.04% up. The METAL outperformed today and ended with a gain of nearly 3% followed by MEDIA, AUTO, and OIL GAS. FMCG underperformed and ended with a loss of nearly 1% followed by REALTY and IT. The short-term trend is up. Support is visible around 19500 while psychological resistance is visible around the historic 20000 mark.

BANK NIFTY:

The BANK NIFTY opened at 46154.70 with a gap up of 233 points. The index could not sustain at the higher levels and started drifting downwards after recording its intraday high at 46156.10. The gap was filled quickly and prices moved further down to record its intraday low at 45622.85. The index finally closed at 45838.10 with a loss of 83 points. PSU BANK underperformed today, saw a sharp down move, and closed with a loss of 1.46% PVT BANK has also moved down but closed with a loss of just 0.11%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. The short-term trend is up. Support is now visible around 45000 while resistance is visible around 46300. For the next couple of days, we should step aside and avoid trading the index.

TECHNICAL PICKS

DERIVATIVE PICKS

Top Delivery Percentage

Upcoming Economic Data

News Updates

• Benchmark indices ended on a flat note in the volatile session on July 25. At Close, the Sensex was down 29.07 points or 0.04% at 66,355.71, and the Nifty was up 8.30 points or 0.04% at 19,680.60. About 1686 shares advanced, 1754 shares declined, and 135 shares unchanged.

• Bajaj Auto on July 25 posted a 42 per cent rise in profit after tax (PAT) at Rs 1,665 crore in the quarter ended June 30, 2023 against Rs 1,173 crore registered in the year-ago period. The rise in net profit for the first quarter is on the back of a favourable product mix, healthy volumes and an increase in the average selling price (ASP) of its lineup.

• HDFC AMC has impressed analysts with growth in its assets under management (AUM), systematic transactions, and with market share gains in the June quarter. However, a 42 percent rally in the past two months indicates the stock has priced in all positives, believe brokerages.

• Asian Paints on July 25 reported consolidated net profit at Rs 1,574.84 crore for the June quarter of FY24, registering a growth of 52 percent from Rs 1,036.03 crore in the same quarter of the previous financial year. The company reported a 24 percent rise in profit from Rs 1,268.41 crore in the previous quarter.

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

BOARD MEETINGS

Company Name	Purpose	Meeting Date	Company Name	Purpose	Meeting Date
ABSLAMC	Quarterly Results	26-Jul-23	FINEORG	Quarterly Results	26-Jul-23
AEGISLOG	Interim Dividend;Quarterly Results	26-Jul-23	GARGI	Quarterly Results	26-Jul-23
AETHER	Quarterly Results;General	26-Jul-23	GLAXO	Quarterly Results	26-Jul-23
AIIL	General	26-Jul-23	GODFRYPHLP	Quarterly Results	26-Jul-23
AKSHOPTFBR	Quarterly Results	26-Jul-23	GOTHIPL	Quarterly Results;General	26-Jul-23
ALLSEC	Quarterly Results	26-Jul-23	GUJHOTE	Quarterly Results	26-Jul-23
ANDHRAPET	Quarterly Results	26-Jul-23	HFCL	Quarterly Results	26-Jul-23
APCOTEXIND	Quarterly Results	26-Jul-23	HGIND	Quarterly Results	26-Jul-23
APIL	Preferential Issue of shares;A.G.M.	26-Jul-23	IMFA	Quarterly Results	26-Jul-23
ASHIMASYN	Quarterly Results;General	26-Jul-23	IONEXCHANG	Quarterly Results	26-Jul-23
ATFL	Quarterly Results	26-Jul-23	ISMTLTD	Quarterly Results	26-Jul-23
AXISBANK	Quarterly Results	26-Jul-23	JCHAC	Quarterly Results	26-Jul-23
BAJFINANCE	Quarterly Results	26-Jul-23	JHACC	Quarterly Results	26-Jul-23
BANARBEADS	Quarterly Results	26-Jul-23	JSL	Quarterly Results	26-Jul-23
BHARATWIRE	Quarterly Results	26-Jul-23	JUBLINGREA	Quarterly Results	26-Jul-23
BLBLIMITED	Quarterly Results;General	26-Jul-23	KAJARIACER	Quarterly Results	26-Jul-23
BPCL	Quarterly Results	26-Jul-23	KUANTUM	Quarterly Results	26-Jul-23
CIPLA	Quarterly Results	26-Jul-23	MAGANTR	General	26-Jul-23
COLPAL	Quarterly Results	26-Jul-23	MAHEPC	Quarterly Results	26-Jul-23
DEEPAKFERT	Quarterly Results	26-Jul-23	MAHLIFE	Quarterly Results;General	26-Jul-23
DRREDDY	Quarterly Results	26-Jul-23	MANINDS	Interim Dividend	26-Jul-23
EMBASSY	Interim Dividend;Quarterly Results;General	26-Jul-23	MANYAVAR	Quarterly Results	26-Jul-23

Corporate Action

Company Name	Ex-Date	Purpose	Company Name	Ex-Date	Purpose
20MICRONS	26-Jul-23	Final Dividend – Rs. – 0.7500	HEROMOTOCO	27-Jul-23	Final Dividend – Rs. – 35.0000
3MINDIA	26-Jul-23	Final Dividend – Rs. – 100.0000	INDAG	27-Jul-23	Final Dividend – Rs. – 1.5000
ASALCBR	26-Jul-23	Final Dividend – Rs. – 1.0000	JKTYRE	27-Jul-23	Dividend – Rs. – 2.0000
CUMMINSIND	26-Jul-23	Final Dividend – Rs. – 13.0000	MAANALU	27-Jul-23	Stock  Split From Rs.10/- to Rs.5/-
GOODYEAR	26-Jul-23	Final Dividend – Rs. – 26.5000	MAANALU	27-Jul-23	Bonus issue 1:1
GPPL	26-Jul-23	Final Dividend – Rs. – 3.4000	PIDILITIND	27-Jul-23	Final Dividend – Rs. – 11.0000
ORIENTELEC	26-Jul-23	Final Dividend – Rs. – 0.7500	PRADPME	27-Jul-23	Final Dividend – Rs. – 1.0000
PGCRL	26-Jul-23	Final Dividend – Rs. – 1.0000	PUNJABCHEM	27-Jul-23	Final Dividend – Rs. – 3.0000
SIMPLXREA	26-Jul-23	Final Dividend – Rs. – 1.0000	RAJGLOWIR	27-Jul-23	Final Dividend – Rs. – 2.0000
STEELCAS	26-Jul-23	Final Dividend – Rs. – 2.7000	RATNAMANI	27-Jul-23	Final Dividend – Rs. – 12.0000
TIINDIA	26-Jul-23	Final Dividend – Rs. – 1.5000	SAPPL	27-Jul-23	Dividend – Rs. – 1.0000
VINYLINDIA	26-Jul-23	Special Dividend – Rs. – 5.0000	SAREGAMA	27-Jul-23	Spin Off
VINYLINDIA	26-Jul-23	Final Dividend – Rs. – 5.0000	ULTRACEMCO	27-Jul-23	Final Dividend – Rs. – 38.0000
VRFILMS	26-Jul-23	Bonus issue 7:1	360ONE	28-Jul-23	Interim Dividend – Rs. – 4.0000
AKZOINDIA	27-Jul-23	Final Dividend – Rs. – 40.0000	AARTIIND	28-Jul-23	Final Dividend – Rs. – 1.5000
ASMTEC	27-Jul-23	Final Dividend – Rs. – 4.0000	ADANIPORTS	28-Jul-23	Final Dividend – Rs. – 5.0000
AUTOAXLES	27-Jul-23	Final Dividend – Rs. – 32.0000	AMARAJABAT	28-Jul-23	Final Dividend – Rs. – 3.2000
BHAGCHEM	27-Jul-23	Final Dividend – Rs. – 3.0000	APLLTD	28-Jul-23	Final Dividend – Rs. – 8.0000
DEEPAKNI	27-Jul-23	Final Dividend – Rs. – 7.5000	ARIHCAPM	28-Jul-23	Dividend – Rs. – 0.4000
DIAMONDYD	27-Jul-23	Dividend – Rs. – 1.0000	ASHIANA	28-Jul-23	Buy Back of Shares
DOLLAR	27-Jul-23	Dividend – Rs. – 3.0000	BAJAJELEC	28-Jul-23	Final Dividend – Rs. – 4.0000
HATSUN	27-Jul-23	Interim Dividend – Rs. – 6.0000	BANSWRAS	28-Jul-23	Dividend – Rs. – 3.0000

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