The NIFTY opened at 21454.60 without any gaps. The index initially moved down sharply for about the first two hours of trading and brought prices around 21250. Prices found strong support there and started a consolidation process which lasted almost till the end. The index eventually broke higher towards the end and saw a mild recovery in the last 30 minutes of trading. The index first recorded its intraday high at 21459 just above the opening tick in its early trades, then its intraday low at 21247.05, and finally closed at 21352.60 with a loss of 101.35 points or 0.47% down. The REALTY sector outperformed and closed with a gain of 0.67% followed by MEDIA, METAL, and AUTO which ended with marginal gains. PHARMA, FMCG, and IT underperformed and ended with a loss of over 1%. The short-term trend is down. Prices are moving very randomly on the daily timeframe chart as the index has been moving in a manner of one-day up and one-day down manner with no sense of direction. The long-term trend is down while the long-term momentum has been moving down and almost reached the weak zone.


The BANK NIFTY opened at 45057.95 with a gap down of just 19 points. The index started moving lower from its opening tick and then found support around 44500. Prices started a consolidation process and moved range-bound for the whole afternoon around 44500 in a tight, narrow range. The index eventually broke higher and saw a sharp intraday rally towards the end. Prices have recorded its intraday low at 44429, then its intraday high at 45139.05, and finally closed at 44965.85 with a loss of 110 points. PSU BANKS have outperformed, saw a mild upside move, and finally ended with a gain of 0.13%, PVT BANKs have underperformed, saw a mild downside move, and finally ended with a loss of 0.26%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is down. We have been tracking support around 44500 while resistance around 46500. The index has been holding the support levels for the past two trading days.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ACC.24.01 Jan 2508.05 12.24 42.37 1268100 BALKRISIND.24.01 Jan 2531.55 -6.7 6.04 9300750
AMBUJACEM.24.01 Jan 564.5 6.87 5.87 9419400 HINDPETRO.24.01 Jan 430 -5.01 24.49 38186250
MOTHERSON.24.01 Jan 115 4.55 42.91 61670600 CIPLA.24.01 Jan 1375.05 -3.06 63.57 3619050
GMRINFRA.24.01 Jan 78 2.9 15.6 60097500 COFORGE.24.01 Jan 6192.2 -2.85 1.35 1421700
TATAPOWER.24.01 Jan 365.7 2.25 3.41 23625000 DIVISLAB.24.01 Jan 3547.5 -2.75 17.43 822250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BAJAJ-AUTO.24.01 Jan 7585 5.03 -31.86 483000 IGL.24.01 Jan 402.25 -7.39 -10.42 3440250
INDIACEM.24.01 Jan 253.8 4.64 -10.69 5860900 TECHM.24.01 Jan 1321.1 -6.17 -16.27 4486800
NATIONALUM.24.01 Jan 142.5 4.55 -9.01 35602500 LAURUSLABS.24.01 Jan 377 -5.66 -22.31 2728500
BHEL.24.01 Jan 219.25 4.43 -9.8 17099250 AUBANK.24.01 Jan 708.25 -4.06 -17.23 2474000
SAIL.24.01 Jan 119.7 4 -10.33 29448000 JUBLFOOD.24.01 Jan 508.2 -3.59 -37.55 2526250


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dalmia Bharat Limited 2205.05 2.33 694448 552615 77.75 Nifty50 21352.6 -0.47 71481
Indigo 2863.05 -1.62 1096039 963957 77.46 Niftybank 44866.15 -0.48 71481
Reliance Industries Ltd 2706.15 0.68 5904436 8488857 77.46 Nifty it 36496.2 -1.6 71481
Tata Consultancy Serv Lt 3810.3 -0.82 2205154 1984308 74.66 India Vix 13.86 -3.62 71604
Larsen & Toubro Limited 3593.45 0.12 2206540 2731075 73.58 Nifty Fmcg 55214.1 -1.15 71481
Bajaj Finance Limited 7085.5 0.43 1168349 1487622 72.09 Nifty Pharma 17532.55 -1.3 71481
Icici Prudential Life In 486.3 -0.46 1646588 2514165 71.09 Nifty Realty 823.55 0.67 71481
Infosys Limited 1669.1 -0.38 8865304 6345346 70.51 Nifty Auto 18614.9 0.11 71481
Asian Paints Limited 2949.2 -1.68 2001961 1842381 69.11 Nifty Metal 7719.65 0.14 71481
Jublfood 508.25 -3.28 3530518 2866143 68.22 Nifty Financial Services 20099.4 -0.53 71481


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

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

USD: JOLTs Job Openings (Dec) on 30th January, 2024

USD: CB Consumer Confidence (Jan) on 30th January, 2024


  • India’s benchmark stock indices ended lower in a truncated week on Thursday, weighed by losses in index heavyweights HDFC Bank Ltd. and Axis Bank Ltd. On a weekly basis, the indices closed lower for the second week, with the Nifty and the Sensex falling 1% this week. The NSE Nifty 50 settled 101.35 points, or 0.47%, lower at 21,352.60, and the S&P BSE Sensex fell 359.64 points, or 0.51%, to end at 70,700.67.

  • The Reserve Bank of India (RBI) has granted a payment aggregator (PA) license to Zomato Payments Private Limited, the subsidiary of food delivery platform Zomato. The approval will allow the firm to facilitate ecommerce transactions through its platform.

  • JSW Steel’s net profit for the December quarter was Rs 2,450 crore, marking a 12% QoQ decrease but a substantial increase from Rs 474 crore a year ago. The revenue for the quarter reached Rs 41940 crore, with operating EBITDA at Rs 7180 crore, down 9% sequentially. This decline was attributed to lower sales volumes and increased costs of iron ore and coking coal, partially offset by higher EBITDA from overseas operations.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABSLAMC Quarterly Results 29-Jan-24 GANESHBE General 29-Jan-24
ADANIGREEN Quarterly Results 29-Jan-24 GANGOTRI Quarterly Results 29-Jan-24
ADHIRAJ General 29-Jan-24 GARFIBRES Buy Back of Shares;Quarterly Results 29-Jan-24
ADVANIHOTR Interim Dividend;Quarterly Results;Bonus issue 29-Jan-24 GATEWAY Interim Dividend;Quarterly Results 29-Jan-24
AEPL Quarterly Results 29-Jan-24 GNRL Quarterly Results;General 29-Jan-24
AERPACE Quarterly Results 29-Jan-24 GODFRYPHLP Quarterly Results 29-Jan-24
APOLLOPIPE Quarterly Results 29-Jan-24 GVFILM General 29-Jan-24
ARISE Quarterly Results 29-Jan-24 HERITGFOOD Quarterly Results;General 29-Jan-24
ASIANENE Quarterly Results 29-Jan-24 ICIL Quarterly Results 29-Jan-24
ATALREAL Right Issue of Equity Shares 29-Jan-24 ICL Quarterly Results;General 29-Jan-24
B2BSOFT Quarterly Results 29-Jan-24 IDEA Quarterly Results 29-Jan-24
BAJFINANCE Quarterly Results;General 29-Jan-24 ITC Interim Dividend;Quarterly Results 29-Jan-24
BANSWRAS Quarterly Results 29-Jan-24 JAINCO General 29-Jan-24
BEL Interim Dividend;Quarterly Results 29-Jan-24 JINDRILL Quarterly Results 29-Jan-24
BHAGERIA Quarterly Results;General 29-Jan-24 JK AGRI Quarterly Results 29-Jan-24
BITS Quarterly Results 29-Jan-24 JPPOWER Quarterly Results 29-Jan-24
BPCL Quarterly Results 29-Jan-24 KAMDHENU Quarterly Results;General 29-Jan-24
CHEMOPH Quarterly Results;General 29-Jan-24 LAFFANSQ Quarterly Results 29-Jan-24
CSBBANK Quarterly Results 29-Jan-24 LATENTVIEW Quarterly Results 29-Jan-24
CSLFINANCE Quarterly Results 29-Jan-24 LGBBROSLTD Audited Results;Issue Of Warrants 29-Jan-24
DOLATALGO Interim Dividend;Quarterly Results 29-Jan-24 MADHAVIPL Quarterly Results 29-Jan-24
GAIL Interim Dividend;Quarterly Results 29-Jan-24 MAHEPC Quarterly Results 29-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
360ONE 29-Jan-24 Interim Dividend – Rs. – 4.5000 BIGBLOC 01-Feb-24 Interim Dividend – Rs. – 0.2000
ACCELYA 29-Jan-24 Interim Dividend – Rs. – 25.0000 CESC 01-Feb-24 Interim Dividend – Rs. – 4.5000
CROPSTER 29-Jan-24 E.G.M. HARSHILAGR 01-Feb-24 E.G.M.
GOACARBON 29-Jan-24 Interim Dividend – Rs. – 10.0000 HAVELLS 01-Feb-24 Interim Dividend – Rs. – 3.0000
HITKITGLO 29-Jan-24 E.G.M. PURVA 01-Feb-24 Interim Dividend – Rs. – 6.3000
INDINFO 29-Jan-24 Right Issue of Equity Shares REGENCY 01-Feb-24 E.G.M.
MANGIND 29-Jan-24 Right Issue of Equity Shares ROUTE 01-Feb-24 Interim Dividend – Rs. – 3.0000
PCBL 29-Jan-24 Interim Dividend – Rs. – 5.5000 SALASAR 01-Feb-24 Bonus issue 4:1
SINCLAIR 29-Jan-24 Bonus issue 1:1 TIPSINDLTD 01-Feb-24 Interim Dividend – Rs. – 3.0000
GOTHIPL 30-Jan-24 Interim Dividend – Rs. – 2.0000 WENDT 01-Feb-24 Interim Dividend – Rs. – 30.0000
KANANIIND 30-Jan-24 Bonus issue 1:1 BALKRISIND 02-Feb-24 Interim Dividend – Rs. – 4.0000
NAGREEKEXP 30-Jan-24 Right Issue of Equity Shares CONTROLPR 02-Feb-24 Interim Dividend – Rs. – 4.0000
PERSISTENT 30-Jan-24 Interim Dividend – Rs. – 32.0000 IEX 02-Feb-24 Interim Dividend
PGINVIT 30-Jan-24 Income Distribution (InvIT) KKCL 02-Feb-24 Interim Dividend – Rs. – 2.0000
SIEMENS 30-Jan-24 Final Dividend – Rs. – 10.0000 MRPL 02-Feb-24 Interim Dividend – Rs. – 1.0000
AURIONPRO 31-Jan-24 E.G.M. OBEROIRLTY 02-Feb-24 Interim Dividend – Rs. – 2.0000
CURATECH 31-Jan-24 Resolution Plan -Suspension RELTD 02-Feb-24 E.G.M.
GROWINGTON 31-Jan-24 Stock  Split From Rs.10/- to Rs.1/- SANDUMA 02-Feb-24 Bonus issue 5:1
METROBRAND 31-Jan-24 Interim Dividend – Rs. – 2.7500 SHAREINDIA 02-Feb-24 Interim Dividend – Rs. – 3.0000
POONAWALLA 31-Jan-24 Interim Dividend – Rs. – 2.0000 ZENSARTECH 02-Feb-24 Interim Dividend – Rs. – 2.0000
RAJOOENG 31-Jan-24 Buy Back of Shares APCOTEXIND 05-Feb-24 Interim Dividend – Rs. – 2.0000
SURAJLTD 31-Jan-24 Interim Dividend CGPOWER 05-Feb-24 Interim Dividend – Rs. – 1.3000

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