The NIFTY opened at 21775.75 with a gap up of just 38 points. For the first five minutes of trading, the index moved higher but soon found resistance and turned down. Prices have recorded its intraday high at 21813.05, moved down sharply, and formed a trading range in the afternoon session. That range eventually broke on the downside. The index fell further to record its intraday low at 21501.80 almost at the end and finally closed at 21528.80 near its intraday low with a loss of 215.50 points or 0.99% down. MEDIA, REALTY, and METAL outperformed and closed with marginal gains. FMCG underperformed and ended with a loss of 1.02% followed by PHARMA, FINANCIAL, and OIL GAS. The short-term trend is sideways now which was down before. The NIFTY faced resistance around 21800 and moved down. We have been tracking support around 21200. The long-term trend is down while the long-term momentum has turned up before reaching the weak zone. Both the momentums have aligned on the upside suggesting higher levels may be ahead,


The BANK NIFTY opened at 45481.50 without much of a gap. The index initially bounced up for the first five minutes of trading but found resistance just below 45700 and turned down after recording its intraday high at 45678.70. A Sharp decline came which found support around 45300 and the index started a consolidation process afterwards. That consolidation continued till the end, prices recorded its intraday low at 45206.05 and finally closed at 45319.55 with a loss of 180 points. PSU BANKS have outperformed, saw a sharp upside move, and finally ended with a gain of 0.96%. PVT BANKs have underperformed saw a mild downside move and ended with a loss of 0.33%. Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend changes to sideways which was down before. We have been tracking support around 44500 while resistance around 46500. The index has held the support levels, bounced up, and is now heading towards the resistance level.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZEEL.24.02 Feb 172.95 5.94 14.17 119304000 COROMANDEL.24.02 Feb 1051 -8.38 77.72 1339800
HINDPETRO.24.02 Feb 473.95 4.22 1.07 28846800 TRENT.24.02 Feb 3052.05 -6.7 2.89 3142400
BHEL.24.02 Feb 230.7 3.69 5.42 88205250 BAJFINANCE.24.02 Feb 6854.5 -5.41 17.99 8188875
IEX.24.02 Feb 145.4 3.38 3.39 60701250 CHAMBLFERT.24.02 Feb 360.5 -3.55 11.1 7780500
LICHSGFIN.24.02 Feb 622.05 2.88 3.73 15224000 OFSS.24.02 Feb 6450.65 -3.49 3.62 710200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SYNGENE.24.02 Feb 720.55 4.67 -4.44 6063000 COALINDIA.24.02 Feb 403.05 -2.37 -1.76 69659100
PEL.24.02 Feb 902.8 1.68 -0.83 11711250 MOTHERSON.24.02 Feb 114.95 -2.05 -0.39 92264500
IGL.24.02 Feb 425.45 1.15 -1.26 15592500 SUNPHARMA.24.02 Feb 1374.55 -1.87 -0.49 13062700
HAL.24.02 Feb 3027 1.12 -0.59 7352700 IPCALAB.24.02 Feb 1109.25 -1.6 -0.25 2053350
ICICIPRULI.24.02 Feb 499.5 0.92 -0.63 13035000 MCX.24.02 Feb 3378.25 -1.54 -3.13 2435200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Prudential Life In 495.6 0.81 3256246 4705321 90.07 Nifty50 18398.85 0.46 27822418
Godrej Cons Products Ltd 1171.8 0.32 2259825 2242092 80.06 Niftybank 44072.1 0.64 11626455
Pidilite Industries Ltd 2567.7 -0.06 1167215 794124 78.15 Nifty it 28165.4 0.49 659885
Havells India Limited 1295.1 -1.73 702512 928774 77.71 India Vix 13.17 2.49 387714983
Bosch Limited 23875.4 2.7 37640 49349 76.84 Nifty Fmcg 49506.55 1.14 409010
Mah & Mah Ltd. 1620.35 -1.2 2569098 2332644 75.84 Nifty Pharma 12487.4 0.01 40986541
Hindustan Unilever Ltd 2458.65 0.58 1793711 1186909 74.79 Nifty Realty 472.45 4.32 1090636701
Hdfc Life Insurance Comp 575 -0.61 5895638 3289059 74.77 Nifty Auto 14007.85 0.7 36531365
Bharti Airtel Limited 1158.65 -0.3 3902023 2946438 73.37 Nifty Metal 5701.75 0.19 89708169
Indigo 2929 1.14 1253067 1114890 72.4 Nifty Financial Services 19583.2 0.39 3737456


   Domestic                                                                                                                                                  International
INR: Infrastructure Output (YoY) (Dec) on 31st January, 2024

INR: Federal Fiscal Deficit (Dec) on 31st January, 2024

USD: ADP Nonfarm Employment Change (Jan) on 31st January, 2024

USD: Crude Oil Inventories on 31st January, 2024


  • Benchmark indices ended lower in the volatile session on January 30 with Nifty around 21,500. At close, the Sensex was down 801.67 points or 1.11 percent at 71,139.90, and the Nifty was down 215.50 points or 0.99 percent at 21,522.10. About 1897 shares advanced, 1333 shares declined, and 68 shares unchanged.

  • Bajaj Finserv Health, a wholly owned subsidiary of Bajaj Finserv, is acquiring 100 percent stake in Vidal Healthcare Services Pvt Ltd, a regulatory filing said on January 30. The acquisition has taken place at an enterprise value of Rs 325 crore and is expected to close in the fourth quarter of financial year 2023-24, a release stated.

  • Life Insurance Corporation of India (LIC) crossed its issue price mark for the first time on January 30 after the central bank permitted the company to increase its stake in HDFC Bank. The issue price for LIC was between Rs 902-Rs 949 per share. The initial public offering was launched in May 2022 and was listed at a discount to the issue price at Rs 867 on the National Stock Exchange.

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 31-Jan-24 DBREALTY Quarterly Results 31-Jan-24
ABMKNO Quarterly Results 31-Jan-24 DCMSHRIRAM Quarterly Results 31-Jan-24
ADVIKCA General;Quarterly Results 31-Jan-24 DIGISPICE Quarterly Results 31-Jan-24
AJANTPHARM General;Interim Dividend;Quarterly Results 31-Jan-24 DIXON Quarterly Results 31-Jan-24
AMBUJACEM Quarterly Results 31-Jan-24 EMKAY Quarterly Results 31-Jan-24
ARE&M Quarterly Results 31-Jan-24 EPIC Quarterly Results 31-Jan-24
ATULAUTO Quarterly Results 31-Jan-24 FAMILYCARE Quarterly Results 31-Jan-24
AUTOAXLES Quarterly Results 31-Jan-24 FINOPB Quarterly Results 31-Jan-24
AWL Quarterly Results 31-Jan-24 FOODSIN Quarterly Results;General 31-Jan-24
BALAMINES Quarterly Results 31-Jan-24 GDTRAGN Quarterly Results;General 31-Jan-24
BANARBEADS Interim Dividend;Quarterly Results 31-Jan-24 GENUSPRIME Quarterly Results 31-Jan-24
BANKBARODA Quarterly Results 31-Jan-24 GEOJITFSL General;Quarterly Results 31-Jan-24
BHATEXT Quarterly Results 31-Jan-24 GESHIP Interim Dividend;Quarterly Results 31-Jan-24
BHATIA General 31-Jan-24 GMRINFRA Quarterly Results 31-Jan-24
BLACKROSE Quarterly Results 31-Jan-24 GODREJCP Quarterly Results 31-Jan-24
BROOKS Quarterly Results 31-Jan-24 GREENPANEL Interim Dividend;Quarterly Results 31-Jan-24
CARBORUNIV Interim Dividend;Quarterly Results 31-Jan-24 GROVY General;Quarterly Results 31-Jan-24
CARYSIL Quarterly Results 31-Jan-24 HAMPTON Quarterly Results 31-Jan-24
COLINZ Quarterly Results 31-Jan-24 HARYNACAP Quarterly Results 31-Jan-24
CORDSCABLE Quarterly Results 31-Jan-24 HEIDELBERG Quarterly Results 31-Jan-24
DABUR Quarterly Results 31-Jan-24 HEMACEM Quarterly Results 31-Jan-24
DATAPATTNS Quarterly Results 31-Jan-24 HINDBIO Quarterly Results 31-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AURIONPRO 31-Jan-24 E.G.M. KKCL 02-Feb-24 Interim Dividend – Rs. – 2.0000
CURATECH 31-Jan-24 Resolution Plan -Suspension MRPL 02-Feb-24 Interim Dividend – Rs. – 1.0000
GROWINGTON 31-Jan-24 Stock  Split From Rs.10/- to Rs.1/- OBEROIRLTY 02-Feb-24 Interim Dividend – Rs. – 2.0000
INDIGRID 31-Jan-24 Income Distribution (InvIT) RELTD 02-Feb-24 E.G.M.
METROBRAND 31-Jan-24 Interim Dividend – Rs. – 2.7500 SANDUMA 02-Feb-24 Bonus issue 5:1
POONAWALLA 31-Jan-24 Interim Dividend – Rs. – 2.0000 SHAREINDIA 02-Feb-24 Interim Dividend – Rs. – 3.0000
RAJOOENG 31-Jan-24 Buy Back of Shares ZENSARTECH 02-Feb-24 Interim Dividend – Rs. – 2.0000
SURAJLTD 31-Jan-24 Interim Dividend APCOTEXIND 05-Feb-24 Interim Dividend – Rs. – 2.0000
BIGBLOC 01-Feb-24 Interim Dividend – Rs. – 0.2000 CGPOWER 05-Feb-24 Interim Dividend – Rs. – 1.3000
CESC 01-Feb-24 Interim Dividend – Rs. – 4.5000 COFORGE 05-Feb-24 Interim Dividend – Rs. – 19.0000
HARSHILAGR 01-Feb-24 E.G.M. IRBINVIT 05-Feb-24 Income Distribution (InvIT)
HAVELLS 01-Feb-24 Interim Dividend – Rs. – 3.0000 MAAGHADV 05-Feb-24 Bonus issue 1:4
IBULHSGFIN 01-Feb-24 Right Issue of Equity Shares MAAGHADV 05-Feb-24 Stock  Split From Rs.10/- to Rs.1/-
PURVA 01-Feb-24 Interim Dividend – Rs. – 6.3000 MGL 05-Feb-24 Interim Dividend – Rs. – 12.0000
REGENCY 01-Feb-24 E.G.M. SONACOMS 05-Feb-24 Interim Dividend – Rs. – 1.5300
ROUTE 01-Feb-24 Interim Dividend – Rs. – 3.0000 TANLA 05-Feb-24 Interim Dividend – Rs. – 6.0000
SALASAR 01-Feb-24 Bonus issue 4:1 AARTIDRUGS 06-Feb-24 Interim Dividend – Rs. – 1.0000
TIPSINDLTD 01-Feb-24 Interim Dividend – Rs. – 3.0000 CMSINFO 06-Feb-24 Interim Dividend – Rs. – 2.5000
WENDT 01-Feb-24 Interim Dividend – Rs. – 30.0000 GAIL 06-Feb-24 Interim Dividend – Rs. – 5.5000
BALKRISIND 02-Feb-24 Interim Dividend – Rs. – 4.0000 KIRLPNU 06-Feb-24 Interim Dividend – Rs. – 2.5000
CONTROLPR 02-Feb-24 Interim Dividend – Rs. – 4.0000 MOTILALOFS 06-Feb-24 Interim Dividend – Rs. – 14.0000
IEX 02-Feb-24 Interim Dividend – Rs. – 1.0000 NTPC 06-Feb-24 Interim Dividend – Rs. – 2.2500

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