The NIFTY opened at 21843.90 with a gap up of just 26 points. The index consolidated for about a half hour and eventually broke on the downside. Prices have seen a sharp decline but found support just above 21700 and started moving higher. A sharp rally came which took the index above the early morning highs. However, the index found resistance quickly and then moved down towards the end followed by a sideways movement. OIL GAS outperformed, saw a sharp rally and closed with a gain of over 1% followed by REALTY and FMCG. METAL underperformed and saw a sharp decline followed by BANK, FINANCIAL, and PHARMA. The NIFTY closed on a flat note after moving very volatile during the day. Prices have seen some sharp swings in both directions and finally ended near its opening tick as well as yesterday’s closing tick. The short-term trend is sideways. The long-term trend is down now while the long-term momentum reached the weak zone yesterday.


The BANK NIFTY opened at 46392.90 with a gap up of just 59 points. The index initially moved up but soon found resistance and turned down. A sharp decline came which found support in the afternoon session. The index bounced up and rallied higher. Prices have crossed above early morning highs and then the rally fizzled out. Another decline came which took the index to a negative zone. Prices have first recorded its intraday low at 45828.80, then its intraday high at 46655.55, and finally closed at 46370.20 with a gain of just 37 points. PVT BANKs have underperformed, saw a mild intraday decline, and ended with a loss of 0.29%. PSU BANKs have moved sideways and closed with a minor gain of just 0.05%. Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is sideways.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
EICHERMOT.24.03 Mar 3886 4.1 9.4 3991750 TATACHEM.24.03 Mar 1032.7 -7.94 0.51 9751500
MARUTI.24.03 Mar 11944.5 2.93 11.22 2689900 PAGEIND.24.03 Mar 33238.6 -2.44 4.1 171075
CUMMINSIND.24.03 Mar 2804 2.86 4.33 3428100 TATASTEEL.24.03 Mar 145.95 -2.11 1.91 258692500
AUROPHARMA.24.03 Mar 1017 2.56 0.9 15825700 ABBOTINDIA.24.03 Mar 27719.65 -2.06 1.28 193240
LALPATHLAB.24.03 Mar 2062.95 2.27 1.51 2011200 ALKEM.24.03 Mar 4787.9 -2.05 5.49 1179200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDUSTOWER.24.03 Mar 248.15 3.83 -0.92 74721800 ABFRL.24.03 Mar 203.25 -2.28 -2.45 38893400
BHEL.24.03 Mar 225.7 2.92 -0.72 74009250 HINDCOPPER.24.03 Mar 256.05 -2.18 -1.99 26600700
RBLBANK.24.03 Mar 234.85 2.69 -1.38 60397500 TATACONSUM.24.03 Mar 1127 -2.02 -1.98 9427500
GLENMARK.24.03 Mar 942.2 2.27 -0.59 12973150 LAURUSLABS.24.03 Mar 380.8 -1.88 -2.06 10820500
HINDPETRO.24.03 Mar 455.35 2.11 -0.65 38196900 PIIND.24.03 Mar 3640 -1.73 -2.58 1660250


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Coromandel International 1054 -0.08 295678 481190 80.91 Nifty50 57581.45 0.31 71436
Hindustan Unilever Ltd 2241.95 -1.1 2995013 3277529 77.65 Niftybank 21839.1 0.1 71436
Sun Pharma  Ltd 1549.35 0.06 3412218 2842811 76.99 Nifty it 22307.75 0.15 71436
Itc Ltd. 415.7 1.5 19609321 15871475 75.6 India Vix 12975.15 -0.05 71436
Piind 3635.3 -1.81 410676 341802 73.99 Nifty Fmcg 13.47 -4.54 78525
Navin Fluorine Internati 2966.55 -1.03 152712 83139 71.91 Nifty Pharma 52993.5 0.48 71436
Apollo Hospitals Ltd 6174.05 1 413963 388326 71.6 Nifty Realty 8631.7 0.74 71439
Divi S Laboratories Limi 3428.3 -0.55 517131 373130 71.07 Nifty Auto 7972.95 0.64 71436
Godrej Cons Products Ltd 1215.2 0.9 1164641 1092375 71.05 Nifty Metal 6679.7 0.05 71439
Cholamandalam Investment 1044.8 -0.19 1241436 2781607 70.72 Nifty Financial Services 7988.4 -0.04 71436


   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 22nd March, 2024

INR: FX Reserves, USD on 22nd March, 2024

USD: Initial Jobless Claims on 21st March, 2024

USD: Fed Chair Powell Speaks on 22nd March, 2024


  • The market closed with moderate gains on March 20 after a choppy session, as investors remained cautious ahead of the Federal Open Market Committee (FOMC) meeting outcome. The market failed to hold on to the opening gains and gyrated between gains and losses throughout the day but buying in auto and energy names helped the benchmark indices close higher.

  • The Sensex and the Nifty reversed losses to end a choppy session higher on March 20. The Sensex closed 89.64 points, or 0.12 percent, higher at 72,101.69, and the Nifty gained 21.60 points, or 0.1 percent, to end at 21,839.10. About 1,564 shares advanced, 2,071 declined and 111 were unchanged.

  • Agnikul Cosmos, an Indian private space startup, is poised to conduct a test launch of its rocket named Agnibaan SOrTeD (Suborbital Tech Demonstrator) on March 22. This rocket showcases a distinctive engine that is 3D printed, a technology that the Indian Space Research Organisation (ISRO) is still refining.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADVANIHOTR General 21-Mar-24 UNIAUTO General 21-Mar-24
ANKITMETAL Quarterly Results 21-Mar-24 VERANDA General 21-Mar-24
ASMS Right Issue of Equity Shares;General 21-Mar-24 VISCO Interim Dividend;Stock  Split 21-Mar-24
BDL Interim Dividend;Stock  Split 21-Mar-24 ADVLIFE General 22-Mar-24
ENBETRD Increase in Authorised Capital;General 21-Mar-24 APOLLOFI General 22-Mar-24
EXICOM Quarterly Results 21-Mar-24 BIRLACORPN General 22-Mar-24
KPRMILL General 21-Mar-24 DHANBANK Right Issue of Equity Shares 22-Mar-24
LLOYDSME General 21-Mar-24 EUROTEXIND General 22-Mar-24
MAHAPEXLTD Right Issue of Equity Shares 21-Mar-24 GRSE Increase in Authorised Capital 22-Mar-24
MARKOBENZ Rights Issue 21-Mar-24 MAHESH Quarterly Results 22-Mar-24
PANJON Preferential Issue of shares;General 21-Mar-24 ORIENTALTL Right Issue of Equity Shares;Preferential Issue of shares;General 22-Mar-24
PLATIND Quarterly Results 21-Mar-24 PANTH Issue Of Warrants;General 22-Mar-24
SABTN General 21-Mar-24 PCJEWELLER General 22-Mar-24
SHAH Preferential Issue of shares 21-Mar-24 SUPERTEX General 22-Mar-24
TFL General 21-Mar-24 SUPREMEINF Quarterly Results 22-Mar-24
TVSHLTD Interim Dividend;General 21-Mar-24 UNIVAFOODS General 22-Mar-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACL 21-Mar-24 E.G.M. REFEX 22-Mar-24 Stock  Split From Rs.10/- to Rs.2/-
ALFAVIO 21-Mar-24 E.G.M. TIL 22-Mar-24 Right Issue of Equity Shares
CASTROLIND 21-Mar-24 Final Dividend – Rs. – 4.5000 GARFIBRES 26-Mar-24 Buy Back of Shares
INDINFR 21-Mar-24 Income Distribution (InvIT) UVDRHOR 26-Mar-24 Stock  Split From Rs.10/- to Rs.5/-
KSOLVES 21-Mar-24 Interim Dividend – Rs. – 5.0000 SPECFOOD 27-Mar-24 Right Issue of Equity Shares
PATANJALI 21-Mar-24 Interim Dividend – Rs. – 6.0000 AVL 28-Mar-24 Interim Dividend
VIPULLTD 21-Mar-24 E.G.M. CRISIL 28-Mar-24 Final Dividend – Rs. – 28.0000
AMBARPIL 22-Mar-24 E.G.M. DHATRE 28-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
BEL 22-Mar-24 Interim Dividend – Rs. – 0.7000 HUDCO 28-Mar-24 Interim Dividend
COVIDH 22-Mar-24 Resolution Plan -Suspension KMGMILK 28-Mar-24 E.G.M.
DIGIFIBRE 22-Mar-24 Income Distribution (InvIT) LAL 28-Mar-24 Bonus issue 6:11
ISCITRUST 22-Mar-24 Income Distribution (InvIT) LAL 28-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
MIDHANI 22-Mar-24 Interim Dividend – Rs. – 1.4100 PRITHVIEXCH 28-Mar-24 Interim Dividend
PADALPO 22-Mar-24 E.G.M. RECLTD 28-Mar-24 Interim Dividend – Rs. – 4.5000
PFC 22-Mar-24 Interim Dividend – Rs. – 3.0000 RELSIND 28-Mar-24 E.G.M.
RACONTEUR 22-Mar-24 E.G.M. RSYSTEMS 28-Mar-24 Interim Dividend – Rs. – 6.0000

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