The NIFTY opened at 21773.55 with a big gap up of 126 points. The index initially moved lower but soon found support and turned up before filling the entire gap. A sharp rally came after prices recorded its intraday low at 21715.15. The rally lasted almost till the end, took the index to lifetime new highs and prices recorded its intraday high at 21928.25. A minor decline came but the index recovered in the last 30 minutes. The NIFTY finally closed at 21894.55 near its intraday high with a gain of 247.35 points or 1.14% up. The IT sector significantly outperformed, saw a sharp upside move and closed with a gain of 5.14% followed by REALTY and OIL GAS. MEDIA underperformed and closed lower by 0.65% followed by AUTO and PHARMA. The long-term trend is up while the long-term momentum has moved down from the strength zone and heading toward the weak zone. The Intermediate trend is sideways while the intermediate momentum has reached the strength zone. Both the momentums are now contradicting each other indicating confusion amongst the trades.


The BANK NIFTY opened at 47572.70 with a gapup of 127 points. The index could not sustain at the higher levels and started drifting downwards to fill the gap. Prices found support there, recorded its intraday low at 47408.50, and started moving higher. A sharp rally came which took prices to its intraday high at 47873.70. The index saw some correction towards the end and finally closed at 47724.65 with a gain of 279 points. PSU BANKS have significantly outperformed, saw a sharp upside move, and closed with a gain of 2.75%. PVT BANKS have also moved up, saw a mild upside move, and ended with a gain of 0.31%. Within the index, in terms of points, ICICIBANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is sideways now. We have been tracking a narrow trading range of 1500 points with support around 47000 and resistance around 48500. The index has been moving within these two levels for over a month. We should now wait for this range to break one way or the other.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
OFSS.24.01 Jan 4697.4 8.1 0.89 795200 METROPOLIS.24.01 Jan 1497 -7 56.12 2440400
INFY.24.01 Jan 1620.2 7.96 14.45 32526000 MCX.24.01 Jan 3065.15 -3.28 3.51 2428000
COFORGE.24.01 Jan 6624.95 5.79 19.92 1339350 BIOCON.24.01 Jan 274.85 -2.91 0.77 40280000
ONGC.24.01 Jan 224.15 5.36 29.12 71629250 MOTHERSON.24.01 Jan 107.5 -2.32 1.82 108977900
BSOFT.24.01 Jan 789.7 5.29 18.16 5940000 BHARATFORG.24.01 Jan 1252.05 -2.13 7.01 5906500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
WIPRO.24.01 Jan 466 3.94 -1.54 51783000 DELTACORP.24.01 Jan 152.35 -2.37 -3.83 15585000
PERSISTENT.24.01 Jan 7646.55 3.92 -2.52 1689400 LALPATHLAB.24.01 Jan 2467.05 -1.75 -2.78 1281900
POLYCAB.24.01 Jan 3982.95 2.19 -5.94 4293600 BALKRISIND.24.01 Jan 2642.2 -1.33 -2.32 1719300
CANBK.24.01 Jan 465 2.03 -0.3 46194300 HINDCOPPER.24.01 Jan 263.45 -1.29 -1.34 30893700
BANKBARODA.24.01 Jan 230.85 1.99 -3.21 103831650 PEL.24.01 Jan 931.8 -1.05 -0.59 12903000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Max Financial Services l 937.7 -1.26 573359 1301444 83.23 Nifty50 21894.55 1.14 71562
Indiamart Intermesh Limi 2593.55 -0.24 213053 166712 80.99 Niftybank 47709.8 0.57 71565
Power Grid Corporation o 239.5 -1.01 11296498 14514850 77.16 India Vix 13.1 2.58 71715
Hindustan Unilever Ltd 2544 0.31 2979841 1821905 75.93 Nifty Fmcg 56485.75 0.46 71565
Indigo 3072.6 0.67 583998 667549 74.86 Nifty Pharma 17347.45 -0.19 71565
Astral Limited 1812.25 -0.01 265406 396725 74.4 Nifty Auto 18715.2 -0.21 71565
Sbi Cards And Payment Se 766.7 0.57 1173186 1796772 74.23 Nifty Financial Services 21300.7 0.24 71565
Maruti Suzuki India Ltd 9965.65 -0.45 850190 754073 73.58 Nifty Metal 7898.35 0.28 71565
Hdfc Bank Ltd. 1641.2 -0.47 9886776 6716094 73.34 Nifty Realty 881.05 1.8 71565
Dabur India Ltd. 549.7 -0.42 1029614 1507317 72.15 Nifty it 36521.7 5.14 71565


   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Dec) on 15th January, 2024

INR: Trade Balance on 15th January, 2024

USD: Retail Sales (MoM) (Dec) on 17th January, 2024

USD: Building Permits (Dec) on 18th January, 2024


  • Benchmark indices ended at record levels and extended the winning streak for the fourth consecutive session on January 12 with Nifty around 21,900 led by Information Technology stocks. At close, the Sensex was up 847.27 points or 1.18 percent at 72,568.45, and the Nifty was up 247.30 points or 1.14 percent at 21,894.50. About 1940 shares advanced, 1323 shares declined, and 67 shares unchanged.

  • IT services company Wipro on January 12 reported a 12 percent year-on-year (YoY) fall in net profit at Rs 2,694 crore for the third quarter of the current financial year. This profit in-line Moneycontrol’s poll estimates of Rs 2,706 crore. This is the fourth consecutive quarter wherein the company has reported a fall in profits YoY.

  • HDFC Life Insurance on January 12 reported a net profit of Rs 365 crore for the October-December quarter of financial year (FY) 2023-24, up by 16 percent from Rs 315 crore recorded in the year-ago period. The net premium income of the insurer came in at Rs 15,235 crore, up 6 percent from Rs 14,379 crore in the year-ago quarter. The solvency ratio of the insurer dropped to 190 percent from 209 percent on a YoY basis.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTECH General 15-Jan-24 PCBL Quarterly Results;Interim Dividend 15-Jan-24
ANGELONE Quarterly Results;Interim Dividend;General 15-Jan-24 REVAORG Quarterly Results;General 15-Jan-24
AVONMERC Quarterly Results;General 15-Jan-24 RICHUNV Quarterly Results 15-Jan-24
AXISCADES General 15-Jan-24 RIIL Quarterly Results 15-Jan-24
BCG Quarterly Results 15-Jan-24 ROOPSHRI Preferential Issue of shares 15-Jan-24
CHANDRAP Quarterly Results;General 15-Jan-24 SAFARI Preferential Issue of shares 15-Jan-24
CUPIDTR General;Increase in Authorised Capital;A.G.M. 15-Jan-24 SATIN General 15-Jan-24
DGCONTENT Quarterly Results 15-Jan-24 SURAJEST Quarterly Results 15-Jan-24
DHATRE Quarterly Results 15-Jan-24 VIRTUALG Quarterly Results;General 15-Jan-24
EMERALD Quarterly Results 15-Jan-24 VIRTUALS General 15-Jan-24
EXCEL Quarterly Results;General 15-Jan-24 BEEYU Quarterly Results 16-Jan-24
FEDFINA Quarterly Results 15-Jan-24 BINANIIND General 16-Jan-24
FIEMIND Bonus issue 15-Jan-24 BLBLIMITED Quarterly Results 16-Jan-24
GOLKUNDIA Quarterly Results 15-Jan-24 CEENIK Quarterly Results;General 16-Jan-24
INFOMEDIA Quarterly Results 15-Jan-24 COLABCLOUD General 16-Jan-24
JAIBALAJI Quarterly Results;General 15-Jan-24 CPML Quarterly Results;General 16-Jan-24
JIOFIN Quarterly Results 15-Jan-24 FEDERALBNK Quarterly Results 16-Jan-24
KESORAMIND Quarterly Results 15-Jan-24 FUTURSEC Quarterly Results 16-Jan-24
MANORAMA General;Stock  Split 15-Jan-24 GALLANTT Quarterly Results 16-Jan-24
METALFORGE Quarterly Results 15-Jan-24 HATHWAY Quarterly Results 16-Jan-24
NELCO Quarterly Results 15-Jan-24 HDFCBANK Quarterly Results 16-Jan-24
OROSMITHS Quarterly Results 15-Jan-24 HSCL Quarterly Results 16-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SUKHJITS 15-Jan-24 Interim Dividend – Rs. – 8.0000 SHRAJSYNQ 24-Jan-24 E.G.M.
TATACOFFEE 15-Jan-24 Spin Off AHLEAST 25-Jan-24 E.G.M.
TATACOFFEE 15-Jan-24 Amalgamation BRIJLEAS 25-Jan-24 E.G.M.
RAJATH 16-Jan-24 E.G.M. IIFL 25-Jan-24 Interim Dividend
TRISHAKT 16-Jan-24 Stock  Split From Rs.10/- to Rs.2/- KSOLVES 25-Jan-24 Interim Dividend
DHAMPURSUG 17-Jan-24 Buy Back of Shares RHL 25-Jan-24 E.G.M.
MKEXIM 17-Jan-24 Bonus issue 1:2 ACCELYA 29-Jan-24 Interim Dividend
CHAMBLFERT 18-Jan-24 Buy Back of Shares CROPSTER 29-Jan-24 E.G.M.
HCLTECH 19-Jan-24 Interim Dividend HITKITGLO 29-Jan-24 E.G.M.
SBC 19-Jan-24 Bonus issue 1:2 GOTHIPL 30-Jan-24 Interim Dividend
TCS 19-Jan-24 Interim Dividend – Rs. – 9.0000 BIGBLOC 01-Feb-24 Interim Dividend
TCS 19-Jan-24 Special Dividend – Rs. – 18.0000 REGENCY 01-Feb-24 E.G.M.
TINPLATE 19-Jan-24 Amalgamation ZENSARTECH 02-Feb-24 Interim Dividend
MASFIN 22-Jan-24 Interim Dividend – Rs. – 3.0000 MANCREDIT 08-Feb-24 E.G.M.
ANGELONE 23-Jan-24 Interim Dividend SHREECEM 08-Feb-24 Interim Dividend
ASARFI 23-Jan-24 E.G.M. VAIBHAVGBL 08-Feb-24 Interim Dividend
PRIMEFRESH 24-Jan-24 E.G.M. CAMS 16-Feb-24 Interim Dividend

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