The NIFTY opened at 21932.20 with a big gap down of 80 points. The index initially saw a minor dip but soon found support and bounced up sharply. A rally started which took the index above 22000 levels comfortably. The index then consolidated and saw a breakout. However, another dip came towards the end and erased some gains. The index first recorded its intraday low at 21883.30 in its morning trades, then its intraday high at 22180.70 towards the end, and finally closed at 22096.75 with a gain of 84.80 points or 0.39% up. All the sectoral indices have moved in line with the NIFTY and closed with gains except IT which ended with a loss of over 2%. AUTO, MEDIA, PHARMA, and REALTY led the bulls today by ending with a gain of ver 1%.


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. BANK NIFTY moved very volatile for yet another session and closed with decent gains. A gap-up opening did sustain today but prices could not add much to the opening tick and ended very near to it. The intraday range was normal today as the index moved within 420 points.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTY.24.03 Mar 20805.2 0.23 8.98 59720
MIDCPNIFTY.24.04 Apr 10442.45 0 12.97 1392000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDUSTOWER.24.03 Mar 272.05 8.65 -10.47 56946600 WIPRO.24.03 Mar 487.65 -2.94 -22.16 31702500
IDEA.24.03 Mar 13.4 3.88 -10.7 1343520000 INFY.24.03 Mar 1514.4 -2.9 -22.02 23247600
HEROMOTOCO.24.03 Mar 4696.6 3.64 -26.08 2750400 COFORGE.24.03 Mar 5549.15 -2.89 -23.8 970500
MARUTI.24.03 Mar 12314.75 3.43 -14.58 2112200 LTIM.24.03 Mar 5026.4 -2.77 -29.74 1735350
UPL.24.03 Mar 471.9 3.28 -29.57 24007100 HCLTECH.24.03 Mar 1556.6 -2.72 -18.53 10603600


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Coromandel International 1065.45 -0.05 896943 569462 80.96 Nifty50 22096.75 0.39 44493542
Sbi Cards And Payment Se 704.1 0.21 811372 2157189 79.68 Niftybank 46863.75 0.38 20973294
Marico Limited 497.75 -0.59 1090354 1170022 79.46 Nifty it 35188.4 -2.33 2403410
Jk Cement Limited 4103.6 -0.09 89162 188239 74.54 India Vix 12.22 -2.32 785812908
Bharat Forge Ltd 1128.95 2.45 1129996 1787646 74.46 Nifty Fmcg 53775.7 0.82 701435
Max Financial Services l 944.05 -0.84 691009 921121 74 Nifty Pharma 18815.6 1.25 52312755
Laurus Labs Limited 397.8 3.62 2124198 2752776 73.81 Nifty Realty 874.5 1.76 1126032310
Atul Ltd. 5874 -0.45 49947 36881 73.29 Nifty Auto 21046.4 1.67 46787612
Dabur India Ltd. 520.8 -0.6 1072318 707514 72.69 Nifty Metal 8130.8 0.97 121039914
Hindustan Unilever Ltd 2256.55 0.63 3507809 2481680 70.81 Nifty Financial Services 20783.55 0.33 5910944


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 29th March, 2024

INR: Current Account (USD) on 28th March, 2024

USD: Crude Oil Inventories on 27th March, 2024

USD: GDP (QoQ) (Q4) on 28th March, 2024


  • Asian equities climbed on Tuesday but could not break this month’s highs as mixed messages from U.S. Federal Reserve policymakers left doubts hanging over the timing of interest rate cuts.

  • As Boeing flies into a rough patch, the impending exit of the chief executive later this year is going to deepen the crisis at the aircraft manufacturer. On another front, Adam Neumann has renewed his love for WeWork and is making attempts to regain the reins. Elon Musk’s X fails to blame the watchdog for slump in advertising revenue. All these and more on the March 26 edition of World Street.

  • Avendus Wealth Management managing director and chief investment officer Saurabh Rungta thinks the correction in mid and smallcaps though healthy isn’t done yet. Some more correction might be on the way and it would be best for investors to stay cautious, Rungta, who has over two decades of experience in both Indian and global markets

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
GENPHARMA General 26-Mar-24 ESABINDIA Interim Dividend 27-Mar-24
GRSE Increase in Authorised Capital 26-Mar-24 GENPHARMA General 27-Mar-24
IGCIL General 26-Mar-24 JTAPARIA General 27-Mar-24
INDLEASE General 26-Mar-24 KTKBANK General 27-Mar-24
INDOBORAX General 26-Mar-24 LT General 27-Mar-24
ISWL General 26-Mar-24 MAYUKH General 27-Mar-24
KEIL General 26-Mar-24 NHPC General 27-Mar-24
MINFY General 26-Mar-24 NLCINDIA General 27-Mar-24
RKSWAMY Quarterly Results 26-Mar-24 OMANSH General 27-Mar-24
SPAR General 26-Mar-24 PCBL General 27-Mar-24
SUNCLAY Interim Dividend 26-Mar-24 QUASAR Quarterly Results 27-Mar-24
WOCKPHARMA General 26-Mar-24 RECLTD General 27-Mar-24
AAREYDRUGS General 27-Mar-24 SAKTHIFIN General 27-Mar-24
AIKPIPES General 27-Mar-24 SEACOAST Quarterly Results 27-Mar-24
ANSALAPI Final Dividend;Quarterly Results 27-Mar-24 SHIVACEM Right Issue of Equity Shares 27-Mar-24
CHOKSILA General 27-Mar-24 SINDHUTRAD General 27-Mar-24

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
CRISIL 28-Mar-24 Final Dividend – Rs. – 28.0000
DHATRE 28-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
HUDCO 28-Mar-24 Interim Dividend – Rs. – 1.5000
KMGMILK 28-Mar-24 E.G.M.
LAL 28-Mar-24 Bonus issue 6:11
LAL 28-Mar-24 Stock  Split From Rs.10/- to Rs.1/-
PERSISTENT 28-Mar-24 Stock  Split From Rs.10/- to Rs.5/-
PRITHVIEXCH 28-Mar-24 Interim Dividend – Rs. – 2.0000
RECLTD 28-Mar-24 Interim Dividend – Rs. – 4.5000
RELSIND 28-Mar-24 E.G.M.
RSYSTEMS 28-Mar-24 Interim Dividend – Rs. – 6.0000

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