The NIFTY opened at 19761.80 with a gap up of 45 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices have recorded its intraday high at 19766.65 in its initial trades and moved lower for the whole day. Minor rallies quickly found resistance and bears used it to add more or take fresh positions. The index recorded its intraday low at 19492.10, saw a minor recovery in the last 15 minutes of trading, and finally closed at 19523.55 near its day’s lows with a loss of 192.90 points or 0.98% down. All the sectoral indices have moved in line with the NIFTY and ended on a negative note. The IT sector led the bears by ending over 2% lower followed by AUTO, FMCG, and MEDIA. The short-term trend is down now as prices have closed below its support level of around 19600. Support is now visible around 19250 while resistance is visible around 19800.


The BANK NIFTY opened at 44700.35 with a gap up of 100 points. The index Initially moved down, filled the gap, and then bounced up. The rally could not last long and prices have again drifted downwards after recording its Intraday high at 44756.80. The down move lasted till the end, prices recorded its intraday low at 44248.20 and finally closed at 44288.20 with a loss of 312 points. PSU and PVT BANK, both indices, have performed almost the same, saw a sharp intraday decline, and ended with a loss of 1.13% & 0.86% respectively. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while KOTAK BANK contributed the least. The short-term trend is down now as prices have closed below the support level of around 44600. Now, the support is visible around 44000 while the resistance is visible around 45000.


BHARTI AIRTEL 925.65 BUY The stock is about to give a breakout on the  intraday and the daily chart. The stock can be bought above 931.00 with a stop loss of 923.75 and a target of 948.45.
MPHASIS 2385.80 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2365.25 with a stop loss of 2408.45 and a target of 2303.15.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MPHASIS (OCT)  2400 PE BUY 76.25 CMP 64.00 111.00 BREAKDOWN
Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MPHASIS (OCT)  2400 PE BUY 76.25 CMP 64.00 111.00 BREAKDOWN

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Max Financial Services l 906.25 -1.38 487717 925469 84.34 Nifty50 19523.55 -0.98 43980109
Ultratech Cement Limited 8154.35 -1.31 370431 427406 78.91 Niftybank 44300.95 -0.64 19407950
Indigo 2342.35 -1.92 740050 645689 76.05 Nifty it 31879.6 -2.19 1136077
Bharti Airtel Limited 925.65 0.59 7386917 3501226 74.29 India Vix 12.82 10.71 687680831
Mah & Mah Ltd. 1556.05 -2.09 2369699 1452014 72.92 Nifty Fmcg 51329.1 -1.91 434317
Syngene 777.95 1.03 987618 443505 71.6 Nifty Pharma 15023.15 -0.9 57158141
Indusind Bank Ltd. 1413 -1.63 5876746 2646857 71.58 Nifty Realty 570.4 -0.97 1503060356
Tvs Motor Company Limite 1523.9 -0.28 4734327 777545 71.48 Nifty Auto 16092.2 -1.17 53313482
Dabur India Ltd. 547.25 -2.45 2182058 977959 71.11 Nifty Metal 6712 -0.96 127730963
Hdfc Bank Ltd. 1523.7 -0.21 27677094 13595388 69.12 Nifty Financial Services 19675.55 -0.49 7806805

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR  : FX Reserves, USD on 29th Sep, 2023

INR  : RBI Monetary and Credit Information Review on 29th Sep, 2023

USD : Core PCE Price Index (MoM) (Aug) on 29th Sep, 2023

USD : ISM Manufacturing PMI (Sep) on 02nd Oct, 2023

News Updates

  • On Thursday, Broad-based losses across the market saw benchmark indices slip deeper into losses as the day progressed. At close, the Sensex was down 610.37 points or 0.92 percent at 65,508.32, and the Nifty was down 193.00 points or 0.98 percent at 19,523.50. Losers outnumbered gainers as about 1,524 shares advanced, while 2,007declined, and 136 were unchanged.

  • India is likely to ban sugar exports during the upcoming season, starting October 1, government officials told Moneycontrol on September 28. A notification in this regard can be expected in the first week of November, they added.

  • Promoter selling is at a six-year high this year, as they have, so far, offloaded Rs 87,000 crore worth of equities included in NSE-500, a Kotak Institutional Equities report showed. A sharp increase in sell-downs was also seen among private equity (PE) or venture capitalist (VC) investors compared to previous years.

  • Housing sales across the top seven cities in India hit record high in the third quarter of the calendar year, despite the usually slow monsoon quarter, according to Anarock Property Consultants Pvt. Over 1.2 lakh units were sold in July–September, a 36% rise compared to 88,230 units during the same period last year.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BRAHMINFRA General 29-Sep-23 RISHABH Quarterly Results 30-Sep-23
DILIGENT A.G.M. 29-Sep-23 RKFORGE General 30-Sep-23
DPWIRES Bonus issue;General 29-Sep-23 UNISTRMU Quarterly Results 02-Oct-23
ELLOPAP Audited Results;Quarterly Results 29-Sep-23 VAMA General 02-Oct-23
GEECEE Amalgamation;General 29-Sep-23 ADVLIFE General 03-Oct-23
KEIL General 29-Sep-23 ALKA General 03-Oct-23
KHADIM Scheme of Arrangement 29-Sep-23 GOODLUCK Issue Of Warrants 03-Oct-23
KRANTI Preferential Issue of shares;General 29-Sep-23 HCKKVENTURE General 03-Oct-23
SMAUTO General 29-Sep-23 KLBRENG-B Preferential Issue of shares;General 03-Oct-23
VAICC A.G.M. 29-Sep-23 KRRAIL General 03-Oct-23
YARNSYN Rights Issue 29-Sep-23 NECCLTD Rights Issue;General 03-Oct-23
AAPLUSTRAD A.G.M. 30-Sep-23 RISHDIGA General 03-Oct-23
CIANAGRO General 30-Sep-23 SPANDANA General 03-Oct-23
CPL General 30-Sep-23 UNIMOVR Right Issue of Equity Shares 03-Oct-23
HFIL Rights Issue 30-Sep-23 ACCEDERE General 04-Oct-23
INTETHR A.G.M. 30-Sep-23 ACEMEN General;Quarterly Results 04-Oct-23

Corporate Action

Company Name Ex-Date Purpose
YUG 05-Oct-23 Bonus issue 15:100
ACCELYA 06-Oct-23 Final Dividend – Rs. – 30.0000
SURYAROSNI 06-Oct-23 Stock  Split From Rs.10/- to Rs.5/-
SIGACHI 09-Oct-23 Stock  Split From Rs.10/- to Rs.1/-
GUJTHEM 10-Oct-23 Stock  Split From Rs.5/- to Rs.1/-
JONJUA 10-Oct-23 Bonus issue 9:50
THEMISMED 10-Oct-23 Stock  Split From Rs.10/- to Rs.1/-
RITCO 19-Oct-23 E.G.M.
ANGELONE 20-Oct-23 Interim Dividend
HCLTECH 20-Oct-23 Interim Dividend
ISEC 27-Oct-23 Interim Dividend
LTIM 27-Oct-23 Interim Dividend
SVRL 27-Oct-23 Bonus issue 1:1
ASIANPAINT 03-Nov-23 Interim Dividend
PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000
GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000

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