The NIFTY opened at 22334.45 without any gap. Initially, the index moved higher sharply but could not add much on the upside and found resistance around 22450. A sharp decline came which found support around 22250 and the index again turned up. However, prices soon started a consolidation process. Prices moved a narrow range afterward till the end. REALTY significantly underperformed, saw a sharp down move, and closed with a loss of 3.71% followed by MEDIA, METAL, and PHARMA. The IT sector outperformed followed by FINANCIAL. The short term trend is up as the index is moving very near to its lifetime highs. A Strong support is visible around 21800 while there is no visible resistance, as prices are moving in uncharted territory. Moreover, short-term support is also visible around 22200 whereas short-term resistance is visible around 22500. The index has been moving within this 300-point range for the past seven trading days.


The BANK NIFTY opened at 47351.35 with a gap up of 71 points. The index started drifting downwards from its opening tick but found support quickly and bounced up. The rally could not last long and the index again moved down. This time with more intensity. The index found support around 47000 and then started a sideways movement which continued till the end. Prices first recorded its intraday high at 47812.75, then its intraday low at 46884.45, and finally closed at 47277.30 with a loss of just 3 points. PSU BANKs have underperformed, saw a sharp downside move, and ended with a loss of 2.57%. PVT BANKs have outperformed and closed with a minor gain of just 0.04%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest. The trend is still up in the BANK NIFTY.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIAMART.24.03 Mar 2629.15 3.15 6.68 919500 DLF.24.03 Mar 869.25 -5.04 5.35 34316700
OFSS.24.03 Mar 8302 1.87 17.22 1147800 BHEL.24.03 Mar 245.5 -4.01 6.33 83102250
TCS.24.03 Mar 4210.75 1.65 4.68 13200775 NATIONALUM.24.03 Mar 152.6 -3.96 8.35 88635000
RBLBANK.24.03 Mar 251.05 0.82 1.41 65087500 TATAPOWER.24.03 Mar 398.25 -3.94 0.92 87625125
BHARTIARTL.24.03 Mar 1209.1 0.67 0.2 33840900 BEL.24.03 Mar 204.75 -3.85 2.23 147424800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALKRISIND.24.03 Mar 2358.05 4.69 -3.2 2487600 HINDCOPPER.24.03 Mar 256.85 -4.84 -7.07 32579100
MGL.24.03 Mar 1312.15 2.45 -8.52 3085600 GODREJPROP.24.03 Mar 2332 -4.17 -0.54 4348625
ABCAPITAL.24.03 Mar 184.7 2.41 -7.95 52401600 CHAMBLFERT.24.03 Mar 360.95 -3.52 -0.13 7518300
IGL.24.03 Mar 427.65 2.41 -6.51 17649500 SAIL.24.03 Mar 130.45 -3.05 -4.3 132400000
HDFCBANK.24.03 Mar 1467.05 2.4 -7.07 165146850 ABFRL.24.03 Mar 214.6 -3.01 -4.2 45266000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2378.15 -0.49 1012157 1625341 79.64 Nifty50 22335.7 0.01 43941687
Jk Cement Limited 4219.95 0 229393 91910 76.59 Niftybank 47282.4 -0.1 20718789
Hdfc Bank Ltd. 1459.55 2.22 32709227 18964859 75.06 Nifty it 37224.25 0.64 1139159
Shriram Finance Limited 2480.95 0 1441342 1673142 73.53 India Vix 13.64 -2.57 708729316
Maruti Suzuki India Ltd 11395.55 0 283816 384299 73.15 Nifty Fmcg 53636.1 -0.83 506275
Syngene 685.15 0 1064897 684143 72.55 Nifty Pharma 18958.7 -1.27 51412393
Dalmia Bharat Limited 1909.15 -1.55 588682 229451 71.97 Nifty Realty 872.9 -3.71 1100783516
Icici Bank Ltd. 1076.85 -0.17 21785435 9577327 71.95 Nifty Auto 20931.85 -0.33 46830482
Sun Pharma  Ltd 1584.3 -0.58 1294598 2134892 71.3 Nifty Metal 8108.4 -1.73 120041927
Reliance Industries Ltd 2950.85 0.6 4716339 3999900 70.94 Nifty Financial Services 20897.5 0.17 7772209


   Domestic                                                                                                                                                  International
INR: Trade Balance on 15th March, 2024

INR:FX Reserves, USD on 15th March, 2024

USD: Retail Sales (MoM) (Feb) on 14th March, 2024

USD: PPI (MoM) (Feb) on 14th March, 2024


  • India’s benchmark indices ended on a mixed note after concluding a choppy session on Tuesday. Gains in shares of HDFC Bank Ltd., Tata Consultancy Services Ltd supported, while losses in shares of State Bank of India, ITC Ltd dragged. Today, the NSE Nifty 50 settled 3.05 points or 0.01% up at 22,335.70, and the S&P BSE Sensex settled 165.32 points or 0.22% higher at 73,667.96.

  • The National Company Law Appellate Tribunal granted approval on Tuesday for the transfer of control of Jet Airways (India) Ltd. to the Jalan Kalrock Consortium. This decision comes after the committee of creditors, led by the State Bank of India, filed an appeal against the National Company Law Tribunal’s order approving the resolution plan submitted by Murari Lal Jalan and Kalrock Capital.

  • Mutual funds acquired another Rs.8,400 crore worth of HDFC Bank Ltd shares in February following a substantial purchase of Rs.13,500 crore in January. As of February 2024, mutual funds held around 142.27 crore shares of the bank from 136.26 crore in January. However, the value of these shares decreased from Rs 2.15 lakh crore to Rs 2.02 lakh crore during this period, according to ACE Equities data.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BALLARPUR Audited Results;Quarterly Results;Preferential Issue of shares;General 13-Mar-24 ANSALAPI Final Dividend;Quarterly Results 14-Mar-24
ELITECON Right Issue of Equity Shares;Increase in Authorised Capital;General 13-Mar-24 GOLDLEG General 14-Mar-24
EMERALD Issue Of Warrants 13-Mar-24 MANRAJH General 14-Mar-24
GMRP&UI General 13-Mar-24 MIDHANI Interim Dividend 14-Mar-24
IIFL General 13-Mar-24 PRIMEFRESH General 14-Mar-24
KMGMILK General 13-Mar-24 SAWABUSI Right Issue of Equity Shares;General 14-Mar-24
KSOLVES Interim Dividend 13-Mar-24 SGIL Right Issue of Equity Shares 14-Mar-24
LGBBROSLTD General 13-Mar-24 SHAH Preferential Issue of shares 14-Mar-24
MYSPAPE Quarterly Results 13-Mar-24 SPECFOOD Right Issue of Equity Shares 14-Mar-24
PATANJALI Interim Dividend;General 13-Mar-24 SRUSTEELS Increase in Authorised Capital 14-Mar-24
UCAL General 13-Mar-24 TIHIL General 14-Mar-24
UHZAVERI General 13-Mar-24 TOYAMSL General 14-Mar-24
VIKASWSP Audited Results;Quarterly Results 13-Mar-24 TRANSPACT General 14-Mar-24
VIRTUALG General 13-Mar-24 XTGLOBAL General 14-Mar-24
VSL General 13-Mar-24 APIS Quarterly Results 15-Mar-24
WARDWIZFBL Preferential Issue of shares;General 13-Mar-24 BEL Interim Dividend 15-Mar-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DATAINFRA 14-Mar-24 Income Distribution (InvIT) TINEAGRO 18-Mar-24 Bonus issue 1:1
WEL 14-Mar-24 Interim Dividend – Rs. – 1.0000 TINEAGRO 18-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
AUTOINT 15-Mar-24 Interim Dividend – Rs. – 0.5000 COLABCLOUD 19-Mar-24 Stock  Split From Rs.10/- to Rs.2/-
CANOPYFIN 15-Mar-24 Amalgamation COLABCLOUD 19-Mar-24 Bonus issue 1:1
FOCUS 15-Mar-24 E.G.M. KAMAHOLD 19-Mar-24 Interim Dividend – Rs. – 19.0000
GAEL 15-Mar-24 Bonus issue 1:1 KEI 19-Mar-24 Interim Dividend – Rs. – 3.5000
IIFLSEC 15-Mar-24 Interim Dividend – Rs. – 3.0000 KESAR 19-Mar-24 Bonus issue 6:1
INDGELA 15-Mar-24 Interim Dividend – Rs. – 10.0000 RAJATH 19-Mar-24 E.G.M.
ISMTLTD 15-Mar-24 Interim Dividend – Rs. – 0.5000 RAMASTEEL 19-Mar-24 Bonus issue 2:1
KIRLFER 15-Mar-24 Interim Dividend – Rs. – 3.0000 SUDARSCHEM 19-Mar-24 Interim Dividend – Rs. – 3.6000
MKPL 15-Mar-24 Bonus issue 2:1 TVSMOTOR 19-Mar-24 Interim Dividend – Rs. – 8.0000
PADAMCO 15-Mar-24 E.G.M. AGIIL 20-Mar-24 Interim Dividend – Rs. – 1.0000
ROBU 15-Mar-24 E.G.M. AXTEL 20-Mar-24 Interim Dividend – Rs. – 6.0000
SBILIFE 15-Mar-24 Interim Dividend – Rs. – 2.7000 DWARKESH 20-Mar-24 Buy Back of Shares
WAAREERTL 15-Mar-24 Stock  Split From Rs.10/- to Rs.2/- EASTSUGIND 20-Mar-24 E.G.M.
OIL 18-Mar-24 Interim Dividend – Rs. – 8.5000 KAKATCEM 20-Mar-24 E.G.M.

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