The NIFTY opened at 21989.90 with a big gap up of 150 points. The index initially saw a minor dip but soon found support and bounced up sharply. However, the rally could not last long and started facing resistance around 22100. Prices moved sideways there and eventually broke on the downside. A sharp decline came that found strong support in the afternoon session. The index then again moved higher slowly and steadily. The index first recorded its intraday high at 22080.95 in its morning trades, then its intraday low at 21941.30 in the afternoon session, and finally closed at 22011.95 with a gain of 172.85 points or 0.79% up. All the sectoral indices have moved in line with the NIFTY and closed with gains. REALTY and METAL led the bulls today by ending with a gain of over 2% followed by MEDIA, AUTO, and OIL GAS.


The BANK NIFTY opened at 46674.85 with a big gap up of 304 points. The index initially consolidated and then broke higher. A rally started but found resistance quickly and the index started moving lower. Prices have found support in the afternoon and then started moving sideways which lasted till the end. Prices first recorded its intraday high at 46990.25, then its intraday low at 46570.15, and finally closed at 46679.25 with a gain of 309 points.

PSU BANKs have outperformed today, saw a sharp upside move, and ended with a gain of 2.14%. PVT BANKs have also moved up today, saw a mild upside move, and closed with a gain of 0.88%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICI BANK contributed the lowest. The short-term trend is sideways


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MUTHOOTFIN.24.03 Mar 1427.4 6.51 3.42 6338200 SHRIRAMFIN.24.03 Mar 2319.75 -0.08 5.09 6444900
SIEMENS.24.03 Mar 4953.85 4.92 3.07 1061700
GODREJPROP.24.03 Mar 2232.4 3.97 0.53 3678875
NAUKRI.24.03 Mar 5321.75 3.97 1.1 1216500
SRF.24.03 Mar 2551.1 3.39 5.36 3531375
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDCOPPER.24.03 Mar 274.6 7.18 -2.26 25959400 PETRONET.24.03 Mar 259.45 -1.09 -5.36 35163000
PFC.24.03 Mar 384.55 6.95 -6.55 68626250 BHARTIARTL.24.03 Mar 1224.1 -0.96 -5.7 30875000
RECLTD.24.03 Mar 447.1 6.44 -7.18 36676000 HDFCLIFE.24.03 Mar 624.7 -0.62 -1.42 23938200
GMRINFRA.24.03 Mar 79.3 5.87 -5.39 158681250 MARUTI.24.03 Mar 11906.3 -0.27 -2.44 2472600
NATIONALUM.24.03 Mar 146.3 5.75 -7.16 59730000 ICICIBANK.24.03 Mar 1084.15 -0.23 -5.55 69879600


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2242.35 0.02 3504486 2257261 75.37 Nifty50 22011.95 0.79 40553307
Divi S Laboratories Limi 3465.3 1.08 279116 384350 74.32 Niftybank 46684.9 0.81 19100892
Bharti Airtel Limited 1220.8 -0.89 9952250 4887201 74.09 Nifty it 36026.8 0.78 1412552
Infosys Limited 1554.7 -0.02 11062497 3492171 73.38 India Vix 12.51 -7.13 687422247
Godrej Cons Products Ltd 1231.65 1.35 616794 852442 73.19 Nifty Fmcg 53338.35 0.65 543272
Itc Ltd. 421.25 1.34 19227982 14306680 72.96 Nifty Pharma 18582.6 1.2 48101486
Navin Fluorine Internati 3086.05 4.03 162769 110984 72.68 Nifty Realty 859.4 3 1043014545
Piind 3751.1 3.19 311473 298392 72.66 Nifty Auto 20700.25 1.44 43202551
Larsen & Toubro Limited 3560 1.43 2504962 1045547 72.47 Nifty Metal 8052.75 2.44 111123729
United Spirits Limited 1109.9 0.75 755512 382350 69.58 Nifty Financial Services 20714.8 0.83 5954469


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

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

USD: New Home Sales (Feb) on 25th March, 2024

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


  • Shares of TCS will be in focus on March after the company signed a multimillion-dollar deal to carry out the end-to-end IT transformation of Ramboll, an architecture, engineering, and consultancy company headquartered in Denmark..

  • Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next.

  • Gold prices edged higher on Friday and were set for a fourth weekly rise in five after the U.S. Federal Reserve maintained its interest rate cut projections for the year, boosting investor sentiment.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADVIKCA Right Issue of Equity Shares;General 23-Mar-24 MINFY General 26-Mar-24
ARIHANTSUP General 23-Mar-24 RKSWAMY Quarterly Results 26-Mar-24
ASSOCER General 23-Mar-24 SPAR General 26-Mar-24
KRRAIL Quarterly Results;General 23-Mar-24 SUNCLAY Interim Dividend 26-Mar-24
MAHALXSE General 23-Mar-24 WOCKPHARMA General 26-Mar-24
MUZALI General 23-Mar-24 AAREYDRUGS General 27-Mar-24
PATINTLOG Right Issue of Equity Shares;General 23-Mar-24 AIKPIPES General 27-Mar-24
RAMAPPR-B General 23-Mar-24 ANSALAPI Final Dividend;Quarterly Results 27-Mar-24
VELJAN Bonus issue 23-Mar-24 ESABINDIA Interim Dividend 27-Mar-24
ASHOKLEY Interim Dividend 25-Mar-24 GENPHARMA General 27-Mar-24
GENPHARMA General 26-Mar-24 HONDAPOWER General 27-Mar-24
GRSE Increase in Authorised Capital 26-Mar-24 JTAPARIA General 27-Mar-24
IGCIL General 26-Mar-24 LT General 27-Mar-24
INDLEASE General 26-Mar-24 MAYUKH General 27-Mar-24
INDOBORAX General 26-Mar-24 NHPC General 27-Mar-24
KEIL General 26-Mar-24 NLCINDIA General 27-Mar-24

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AMBARPIL 22-Mar-24 E.G.M. CRISIL 28-Mar-24 Final Dividend – Rs. – 28.0000
BEL 22-Mar-24 Interim Dividend – Rs. – 0.7000 DHATRE 28-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
COVIDH 22-Mar-24 Resolution Plan -Suspension HUDCO 28-Mar-24 Interim Dividend – Rs. – 1.5000
DIGIFIBRE 22-Mar-24 Income Distribution (InvIT) KMGMILK 28-Mar-24 E.G.M.
ISCITRUST 22-Mar-24 Income Distribution (InvIT) LAL 28-Mar-24 Bonus issue 6:11
MIDHANI 22-Mar-24 Interim Dividend – Rs. – 1.4100 LAL 28-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
PADALPO 22-Mar-24 E.G.M. PERSISTENT 28-Mar-24 Stock  Split From Rs.10/- to Rs.5/-
PFC 22-Mar-24 Interim Dividend – Rs. – 3.0000 PRITHVIEXCH 28-Mar-24 Interim Dividend – Rs. – 2.0000
RACONTEUR 22-Mar-24 E.G.M. RECLTD 28-Mar-24 Interim Dividend – Rs. – 4.5000
REFEX 22-Mar-24 Stock  Split From Rs.10/- to Rs.2/- RELSIND 28-Mar-24 E.G.M.
TIL 22-Mar-24 Right Issue of Equity Shares RSYSTEMS 28-Mar-24 Interim Dividend – Rs. – 6.0000
GARFIBRES 26-Mar-24 Buy Back of Shares SBICARD 28-Mar-24 Interim Dividend – Rs. – 2.5000
UVDRHOR 26-Mar-24 Stock  Split From Rs.10/- to Rs.5/- SIL 28-Mar-24 Interim Dividend – Rs. – 0.5000
MARKOBENZ 27-Mar-24 Right Issue of Equity Shares THAKKERS 28-Mar-24 E.G.M.
SPECFOOD 27-Mar-24 Right Issue of Equity Shares THINKINK 28-Mar-24 Interim Dividend – Rs. – 0.1000
AVL 28-Mar-24 Special Dividend – Rs. – 5.1000

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