NIFTY opened at 21825.20 with a gap up of 54 points. The index could not sustain at the higher levels and saw a sharp dip for the first five minutes of trading. Prices have filled the gap, found support there, and bounced up sharply after recording its intraday low at 21737.55. The rally fizzled out quickly and the index saw another dip but soon recovered. The index started moving higher from the afternoon session and kept on moving higher till the end. Prices have recorded its intraday high at 21951.40 and finally closed at 21929.40 with a gain of 157.70 points or 0.72% up. IT and OIL GAS outperformed, saw a sharp upside rally, and ended with a gain of over 2.50% followed by AUTO, METAL, and PHARMA BANK and FMCG underperformed and ended with a minor loss. 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. We should look for buying only on any dip or intraday consolidation breakout.


BANK NIFTY opened at 45891.20 with a gap up of 135 points. The index could not sustain at the higher levels and initially saw a sharp dip which filled the gap and brought prices into a negative territory. A minor rally came that fizzled out quickly and the index again moved down. Prices have recorded its intraday high at 45932.15 and its intraday low at 45527 within the first one and a half hours of trading. The index moved very narrowly and sideways towards the end and finally closed at 45660 with a loss of 96 points. PSU and PVT BANKs both indices have performed almost the same, saw a mild downside move, and finally ended with a loss of 0.39% & 0.49% respectively. Within the index, in terms of points, SBIN contributed the highest on the upside while INDUSIND BANK contributed the lowest. The short-term trend is sideways. We have been tracking support around 44500 while resistance around 46500. The index remained within the range for almost the last three weeks. The index recorded a pattern of NR7 for the past two days indicating a sharp move is about to come. We should take a trade in the direction of a breakout.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SAIL.24.02 Feb 145.6 8.05 18.54 159248000 CROMPTON.24.02 Feb 289.4 -4.6 0.63 17870400
PETRONET.24.02 Feb 291.45 6.45 8.75 34335000 POWERGRID.24.02 Feb 272.25 -2.33 7.46 52146000
BPCL.24.02 Feb 613.3 6.41 3.33 37488600 CUB.24.02 Feb 133.7 -2.12 5.2 38350000
OFSS.24.02 Feb 7079.15 6.35 15.71 923400 L&TFH.24.02 Feb 171.3 -1.69 2.66 38346428
IPCALAB.24.02 Feb 1200.85 6.28 9.55 2780700 INDUSINDBK.24.02 Feb 1520.35 -1.35 1.96 23907500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
METROPOLIS.24.02 Feb 1741.95 6.3 -11.82 835200 BANKBARODA.24.02 Feb 251.55 -2.61 -3.06 124812675
HDFCLIFE.24.02 Feb 596.4 5.38 -5.46 27260200 BRITANNIA.24.02 Feb 5016.35 -1.92 -0.23 2416200
ZYDUSLIFE.24.02 Feb 802 4.98 -6.51 7524000 BANDHANBNK.24.02 Feb 219.8 -1.61 -0.36 100820000
NATIONALUM.24.02 Feb 162.3 4.21 -13.62 84210000 ITC.24.02 Feb 426.7 -1.49 -0.4 101460800
ICICIPRULI.24.02 Feb 527.5 4.21 -1.1 11103000 INDIGO.24.02 Feb 3148.2 -1.25 -9.13 5662800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Pidilite Industries Ltd 2614.45 2.36 816702 1949212 87.5 Nifty50 21929.4 0.72 59731024
Lalpathlab 2513.1 3.79 324211 474778 79.19 Niftybank 45690.8 -0.29 28572111
Itc Ltd. 431.4 -1.52 18764371 9041318 75.08 Nifty it 38246.3 2.92 1649393
Bharti Airtel Limited 1134.05 1.84 9863065 5801157 74.28 India Vix 15.78 1.02 828645266
Godrej Cons Products Ltd 1237.05 1.53 753495 1700875 74.26 Nifty Fmcg 54608.8 -0.16 492902
Hindustan Unilever Ltd 2426.35 0.28 1557511 940761 71.52 Nifty Pharma 18488.05 1.07 70918224
Info Edge (india) Limite 5355.75 3.32 429105 289610 71.38 Nifty Realty 866.25 0.41 1508973074
Piind 3314.45 0.99 264320 287504 70.44 Nifty Auto 19903.85 1.47 65883741
Infosys Limited 1729.45 2.5 7694265 2554793 70.3 Nifty Metal 8238.25 1.59 159251837
Titan Company Limited 3559.15 0.2 1069901 1230648 69.46 Nifty Financial Services 20365.5 0.24 6235667


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

INR: Interest Rate Decision on 8th February, 2024

USD: Crude Oil Inventories on 7th February, 2024

USD: Initial Jobless Claims on 8th February, 2024


  • Benchmark equity indices ended higher today with shares of information technology companies contributing the most to the gains. The Nifty 50 added 167.45 points or 0.77% to close at 21,939.15 and the Sensex gained 487.62 points or 0.68% to close at 72,219.04. Intraday, the Nifty 50 gained as much as 0.83% and the Sensex gained as much as 0.7%.

  • Tata Group’s combined market capitalisation crossed Rs 30 lakh crore on February 6, making it the first Indian business house ever to hit the milestone. The surge in shareholder wealth has been driven by buying interest seen in Tata Consultancy Services, Tata Motors Tata Power and Indian Hotels shares this year.

  • Britannia Industries Ltd on February 6 is likely to report a 2 percent year-on-year jump in consolidated net profit for the quarter ended December 2023. The net profit is seen at Rs 566 crore, as per a poll of six brokerages, as against Rs 556.8 crore in the year-ago period.

  • FSN E-Commerce Ventures, which operates beauty and personal care (BPC) company Nykaa, reported a net profit of Rs 17.5 crore in the December quarter, up 105 percent from the year-ago period, driven by strong demand during the festival and wedding seasons.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
3IINFOLTD General;Quarterly Results 07-Feb-24 CENTUM Interim Dividend;Quarterly Results 07-Feb-24
AAATECH General;Quarterly Results 07-Feb-24 CHECKPOINT Quarterly Results 07-Feb-24
AARTIPHARM General;Interim Dividend;Audited Results;Quarterly Results 07-Feb-24 CHEMIESYNT Quarterly Results 07-Feb-24
ACCEDERE Quarterly Results 07-Feb-24 CHLOGIST Quarterly Results 07-Feb-24
ADDIND Quarterly Results 07-Feb-24 CNIRESLTD Quarterly Results 07-Feb-24
ADHBHUTIN General;Quarterly Results 07-Feb-24 COCKERILL Audited Results;Final Dividend 07-Feb-24
AGSTRA Quarterly Results 07-Feb-24 CONART Quarterly Results 07-Feb-24
AIAENG Quarterly Results 07-Feb-24 CONTILI Quarterly Results 07-Feb-24
AMS Quarterly Results 07-Feb-24 COSMOFE Quarterly Results 07-Feb-24
APOLLOTYRE Quarterly Results 07-Feb-24 CTL Quarterly Results 07-Feb-24
ASHOKA Quarterly Results 07-Feb-24 CUMMINSIND Interim Dividend;Quarterly Results 07-Feb-24
ASHUTPM Reduction of Capital 07-Feb-24 DREAMFOLKS Quarterly Results 07-Feb-24
AVANCE Quarterly Results 07-Feb-24 ECOPLAST Quarterly Results 07-Feb-24
AVL General;Quarterly Results 07-Feb-24 ELFORGE Quarterly Results 07-Feb-24
BAJAJST Quarterly Results 07-Feb-24 ELNET Quarterly Results 07-Feb-24
BEDMUTHA Preferential Issue of shares;Quarterly Results 07-Feb-24 EMIL Quarterly Results 07-Feb-24
BOMOXY-B1 Quarterly Results 07-Feb-24 EMPIND Quarterly Results 07-Feb-24
BORORENEW Rights Issue;Preferential Issue of shares;Quarterly Results 07-Feb-24 EPL Quarterly Results 07-Feb-24
BSELALGO Quarterly Results 07-Feb-24 ESSARSEC Quarterly Results 07-Feb-24
BYKE General;Quarterly Results 07-Feb-24 EXPLEOSOL Quarterly Results 07-Feb-24
CAMEXLTD Quarterly Results 07-Feb-24 EXXARO Quarterly Results 07-Feb-24
CANTABIL Quarterly Results 07-Feb-24 FDC Quarterly Results 07-Feb-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BEPL 07-Feb-24 Interim Dividend – Rs. – 1.0000 ADVANIHOTR 09-Feb-24 Interim Dividend – Rs. – 2.0000
CHOLAFIN 07-Feb-24 Interim Dividend – Rs. – 1.3000 APTUS 09-Feb-24 Interim Dividend – Rs. – 2.0000
CONCOR 07-Feb-24 Interim Dividend – Rs. – 4.0000 BEL 09-Feb-24 Interim Dividend – Rs. – 0.7000
HINDPETRO 07-Feb-24 Interim Dividend – Rs. – 15.0000 DOLATALGO 09-Feb-24 Interim Dividend – Rs. – 0.1000
SRF 07-Feb-24 Interim Dividend – Rs. – 3.6000 GPTINFRA 09-Feb-24 Interim Dividend – Rs. – 1.0000
SYMPHONY 07-Feb-24 Interim Dividend – Rs. – 2.0000 GREENPANEL 09-Feb-24 Interim Dividend – Rs. – 1.5000
TIJARIA 07-Feb-24 E.G.M. IBINFO 09-Feb-24 Interim Dividend – Rs. – 0.5000
VIPIND 07-Feb-24 Interim Dividend – Rs. – 2.0000 JUBLINGREA 09-Feb-24 Interim Dividend – Rs. – 2.5000
VIRTUALS 07-Feb-24 E.G.M. KPITTECH 09-Feb-24 Interim Dividend – Rs. – 2.1000
AJANTPHARM 08-Feb-24 Interim Dividend – Rs. – 26.0000 MOIL 09-Feb-24 Interim Dividend – Rs. – 3.5000
AKSHAR 08-Feb-24 Bonus issue 1:5 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 Special Dividend – Rs. – 2.2500
STL 08-Feb-24 Bonus issue 1:3 TRIVENI 09-Feb-24 Interim 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 BANARBEADS 12-Feb-24 Interim Dividend – Rs. – 2.0000

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