the NIFTY opened at 22045.05 with a gap up of 116 points. The index could not sustain at the higher levels and saw a sharp dip after recording its intraday high at 22053.30 in its initial trades. The decline filled the gap and prices moved further on the downside but found support just above 21850. The index recorded its intraday low at 21860.15 and started moving higher. The rally could not sustain long and prices have moved sideways towards the end. The index finally closed at 21930.50 near its yesterday’s closing price without much of a change. IT underperformed and ended with a loss of 1.25% while AUTO moved sideways and closed without any change. The rest of the sectoral indices closed with gains led by REALTY and MEDIA. The short-term trend is up now. Support is now visible around 21700 while resistance may emerge around 22100 which is very near the lifetime highs. Prices have attempted to reach the resistance levels but failed to do so. The long-term trend is sideways now while the long-term momentum reached the strength zone yesterday.


The BANK NIFTY opened at 45944.60 with a gap up of 170 points. The index initially moved sideways and eventually broke on the downside after recording its intraday high at 46062.85 in the first 15 minutes of trading. Prices have seen a sharp decline which found support around 45700 and the index started a consolidation process afterward. Prices recorded its intraday low at 45620.50, saw a minor recovery, and finally closed at 45916.40 with a gain of 142 points. PSU BANKS have significantly outperformed, saw a sharp upside move, and ended with a gain of 2.86% PVT BANKS have underperformed, moved very little, and ended with a minor loss of 0.07%. Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend continues to be sideways as prices are moving range bound within a wide trading range with support around 44500 and resistance around 46500. In the first half, prices saw a decline while in the second half, moved sideways. The intraday range was again normal of about 442 points.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DLF.23.05 May 468.8 7.17 1.74 34823250 ADANIENT.23.05 May 1919.5 -2.54 1.78 9300750
GODREJPROP.23.05 May 1394.5 3.84 5.5 4461225 IEX.23.05 May 156.25 -1.67 2.8 38186250
GAIL.23.05 May 112.2 3.65 0.23 56482950 DIVISLAB.23.05 May 3263.05 -1.25 1.37 3619050
SUNTV.23.05 May 450.55 3.53 2.86 8139000 COROMANDEL.2305May 959.75 -1.17 13.08 1421700
COLPAL.23.05 May 1657.75 3.07 12.81 2733850 LALPATHLAB.23.05 May 2011.5 -1.17 6.03 822250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
OBEROIRLTY.23.05 May 987.75 4.57 -0.52 6404300 ABB.23.05 May 3859.4 -2.18 -13.19 1412000
PFC.23.05 May 171.7 3.81 -1.74 66234600 NAVINFLUOR.23.05 May 4693.7 -1.64 -6.04 779400
RBLBANK.23.05 May 153.1 3.38 -2.48 38415000 CIPLA.23.05 May 922.8 -1.57 -9.22 11417900
BANDHANBNK.23.05 May 245.25 3.13 -4.11 44433000 SIEMENS.23.05 May 3837.8 -1.49 -11.05 1824350
HEROMOTOCO.23.05 May 2694.95 3.12 -4.86 4304700 APOLLOTYRE.23.05 May 364.15 -1.41 -2.67 14042000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1258.35 1.06 5534710 6198401 74.75 Nifty50 18398.85 0.46 27822418
Sun Pharma  Ltd 953 -0.31 1814239 1458344 72.38 Niftybank 44072.1 0.64 11626455
Nestleind 21786.6 -0.03 72570 47184 70.46 Nifty it 28165.4 0.49 659885
Pvr Inox Limited 1465.05 1.24 724042 125163 70.09 India Vix 13.17 2.49 387714983
Larsen & Toubro Limited 2246.85 1.16 2662740 3740432 69.69 Nifty Fmcg 49506.55 1.14 409010
Power Grid Corporation o 243.25 0.62 9140823 7133041 68.65 Nifty Pharma 12487.4 0.01 40986541
Bharat Forge Ltd 766.75 1.21 1888769 1296192 68.62 Nifty Realty 472.45 4.32 1090636701
Crompton Greaves Consume 254.4 -0.24 1981128 1572094 68.23 Nifty Auto 14007.85 0.7 36531365
Sbi Life Insurance Compa 1189.45 0.2 680497 787448 67.98 Nifty Metal 5701.75 0.19 89708169
Bharti Airtel Limited 797.05 0.64 7569060 1738454 67.49 Nifty Financial Services 19583.2 0.39 3737456


   Domestic                                                                                                                                                  International
INR: Reverse REPO Rate on 8th February, 2024

INR: Interest Rate Decision on 8th February, 2024

USD: Initial Jobless Claims on 8th February, 2024

USD: CPI (MoM) (Jan) on 13th February, 2024


  • Indian benchmark indices ended on a flat note in the highly volatile session on February 7 ahead of RBI policy outcome. At close, the Sensex was down 34.09 points or 0.05 percent at 72,152.00, and the Nifty was up 1.10 points or 0.01 percent at 21,930.50. About 1932 shares advanced, 1339 shares declined, and 60 shares unchanged.

  • Paytm stock rose 10 percent on January 7 to hit the upper circuit, extending the previous session’s gains, staging a recovery after falling around 42 percent in three straight sessions in the aftermath of RBI’s curbs on its payments bank unit. The rally came as around 21 lakh shares, or 0.3 percent equity, worth Rs 103 crore changed hands. The details of the buyer and seller are not yet known.

  • Oil and Natural Gas Corporation (ONGC) signed a cooperation agreement with TotalEnergies to carry out methane emissions detection using the French company’s Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology. Mounted on a drone, the AUSEA gas analyser, developed by TotalEnergies and its R&D partners, consists of a dual sensor capable of detecting methane and carbon dioxide emissions, while at the same time identifying their source.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
129SSFBL16A Quarterly Results 08-Feb-24 AUSTENG Quarterly Results 08-Feb-24
21STCENMGM Quarterly Results 08-Feb-24 AUTOPRD Quarterly Results 08-Feb-24
3MINDIA Quarterly Results;General 08-Feb-24 AYOME General 08-Feb-24
AADHAARVEN Quarterly Results;General 08-Feb-24 BALMLAWRIE Quarterly Results;General 08-Feb-24
AARTIIND Quarterly Results 08-Feb-24 BALRAMCHIN Quarterly Results 08-Feb-24
ABATEAS Quarterly Results;General 08-Feb-24 BANG Quarterly Results 08-Feb-24
ABHICAP Quarterly Results;General 08-Feb-24 BAROEXT Quarterly Results 08-Feb-24
ACIASIA Quarterly Results;General 08-Feb-24 BBOX Quarterly Results 08-Feb-24
ADARSH Quarterly Results 08-Feb-24 BCONCEPTS Quarterly Results 08-Feb-24
ADCON Quarterly Results 08-Feb-24 BECTORFOOD Quarterly Results;Interim Dividend 08-Feb-24
AJWAFUN Quarterly Results 08-Feb-24 BEML Quarterly Results 08-Feb-24
ALNATRD Quarterly Results 08-Feb-24 BENCHMARK General 08-Feb-24
AMBIKCO Quarterly Results 08-Feb-24 BENTCOM Quarterly Results 08-Feb-24
APOLLOHOSP Quarterly Results;Interim Dividend;General 08-Feb-24 BIOCON Quarterly Results 08-Feb-24
ASHIMASYN Quarterly Results;General 08-Feb-24 BOMDYEING Quarterly Results 08-Feb-24
ASIAN Quarterly Results 08-Feb-24 BOMTALKIES Quarterly Results 08-Feb-24
ASIANHOTNR Quarterly Results 08-Feb-24 BRPL Quarterly Results 08-Feb-24
ASITCFIN Quarterly Results 08-Feb-24 CARNATIN Quarterly Results 08-Feb-24
ASTERDM Quarterly Results 08-Feb-24 CARTRADE Quarterly Results 08-Feb-24
ASTRAMICRO Quarterly Results 08-Feb-24 CDG Quarterly Results;Preferential Issue of shares 08-Feb-24
ASTRAZEN Quarterly Results 08-Feb-24 CHEMFAB Quarterly Results 08-Feb-24
ATCOM Quarterly Results;General 08-Feb-24 CHEMTECH Quarterly Results 08-Feb-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AJANTPHARM 08-Feb-24 Interim Dividend – Rs. – 26.0000 PGHH 09-Feb-24 Interim Dividend – Rs. – 100.0000
GILLETTE 08-Feb-24 Special Dividend – Rs. – 40.0000 PGHH 09-Feb-24 Special Dividend – Rs. – 60.0000
GILLETTE 08-Feb-24 Interim Dividend – Rs. – 45.0000 PHCAP 09-Feb-24 Interim Dividend – Rs. – 0.2500
IMPAL 08-Feb-24 Interim Dividend – Rs. – 9.0000 QGO 09-Feb-24 Interim Dividend – Rs. – 0.1500
IRB 08-Feb-24 Interim Dividend – Rs. – 0.1000 RITES 09-Feb-24 Interim Dividend – Rs. – 4.7500
ITC 08-Feb-24 Interim Dividend – Rs. – 6.2500 SHANTIGEAR 09-Feb-24 Interim Dividend – Rs. – 3.0000
KAARYAFSL 08-Feb-24 E.G.M. SUNPHARMA 09-Feb-24 Interim Dividend – Rs. – 8.5000
MANCREDIT 08-Feb-24 E.G.M. TCI 09-Feb-24 Interim Dividend – Rs. – 2.5000
SHREECEM 08-Feb-24 Interim Dividend – Rs. – 50.0000 TRIVENI 09-Feb-24 Interim Dividend – Rs. – 2.2500
STL 08-Feb-24 Bonus issue 1:3 TRIVENI 09-Feb-24 Special Dividend – Rs. – 2.2500
TINNARUBR 08-Feb-24 Interim Dividend – Rs. – 3.0000 ACGL 12-Feb-24 Interim Dividend – Rs. – 5.0000
VAIBHAVGBL 08-Feb-24 Interim Dividend – Rs. – 1.5000 AFFORDABLE 12-Feb-24 Right Issue of Equity Shares
ADVANIHOTR 09-Feb-24 Interim Dividend – Rs. – 2.0000 BANARBEADS 12-Feb-24 Interim Dividend – Rs. – 2.0000
APTUS 09-Feb-24 Interim Dividend – Rs. – 2.0000 CARBORUNIV 12-Feb-24 Interim Dividend – Rs. – 1.5000
BEL 09-Feb-24 Interim Dividend – Rs. – 0.7000 CLEAN 12-Feb-24 Interim Dividend – Rs. – 2.0000
DOLATALGO 09-Feb-24 Interim Dividend – Rs. – 0.1000 COCHINSHIP 12-Feb-24 Interim Dividend – Rs. – 3.5000
GPTINFRA 09-Feb-24 Interim Dividend – Rs. – 1.0000 DPL 12-Feb-24 Right Issue of Equity Shares
GREENPANEL 09-Feb-24 Interim Dividend – Rs. – 1.5000 EMBASSY 12-Feb-24 Income Distribution RITES
IBINFO 09-Feb-24 Interim Dividend – Rs. – 0.5000 ENGINERSIN 12-Feb-24 Interim Dividend – Rs. – 2.0000
JUBLINGREA 09-Feb-24 Interim Dividend – Rs. – 2.5000 GESHIP 12-Feb-24 Interim Dividend – Rs. – 6.3000
KPITTECH 09-Feb-24 Interim Dividend – Rs. – 2.1000 GOODYEAR 12-Feb-24 Special Dividend – Rs. – 26.0000
MOIL 09-Feb-24 Interim Dividend – Rs. – 3.5000 INTELLCAP 12-Feb-24 Bonus issue 2:1

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