The NIFTY opened at 21921.05 with a gap up of 68 points. The index could not sustain at the higher levels and saw a sharp dip for the first five minutes of trading. Prices have filled the gap and then bounced up sharply. The rally found resistance around 21950 and prices started a consolidation process. That consolidation eventually broke on the downside towards the end. The index recorded its intraday high at 21964.30 in the morning and a sharp decline towards the end brought prices to its intraday low at 21726.95. The NIFTY finally closed at 21771.70 with a loss of 82.10 points or 0.38% down. PHARMA, OIL GAS, and AUTO outperformed, saw a sharp upside rally, and ended with a gain of over 1% followed by REALTY. FMCG and FINANCIAL underperformed and ended lower by over half percent followed by IT and BANK. The short-term trend is again sideways. We have seen a breakout from 21800 resistance in the last week and we were waiting for a confirmation. That did not come and the index eventually came back below 21800 resistance. The long-term trend is down while the long-term momentum has turned up before reaching the weak zone.


The BANK NIFTY opened at 45962.25 without much of a gap. The index initially saw a sharp dip but found support quickly and bounced up after recording its intraday low at 45615.10. A rally came which found strong resistance around 46000 and prices saw a dip again. These ups and downs continued for the whole day and the index moved sideways for most of the time. Prices have recorded its intraday high at 46048.60 and finally closed at 45756.65 with a loss of 198 points. PSU and PVT BANKS both indices have performed almost the same, saw a mild downside move, and finally ended with a loss of 0.42% & 0.14% respectively. Within the index, in terms of points, BANK BARODA contributed the highest on the upside while KOTAK BANK contributed the lowest. The short-term trend is sideways. We have been tracking support around 44500 while resistance around 46500. The index remained within the range for almost the last three weeks. The range is wide enough so we may not see a breakout soon.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IOC.24.02 Feb 175.6 7.2 15.43 127364250 UPL.24.02 Feb 472.15 -12.01 26.97 48625200
TATAMOTORS.24.02 Feb 935 5.7 3.75 63438150 SHREECEM.24.02 Feb 27003.05 -5.37 13.94 231725
SAIL.24.02 Feb 135.05 5.43 0.35 148184000 DELTACORP.24.02 Feb 132 -4.49 6.95 17868000
MCX.24.02 Feb 3862.9 5.36 10.25 2464800 AUROPHARMA.24.02 Feb 1027 -4.32 17.3 22797500
COALINDIA.24.02 Feb 438.95 4.94 2.32 70595700 PIIND.24.02 Feb 3266.7 -3.84 8.39 1832250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
METROPOLIS.24.02 Feb 1643.9 2.47 -4.33 1026000 INDIACEM.24.02 Feb 232.1 -3.77 -2.51 24754400
GMRINFRA.24.02 Feb 87.5 2.22 -1.55 226698750 IRCTC.24.02 Feb 948.35 -2.65 -0.66 16805250
INDHOTEL.24.02 Feb 511.45 1.74 -0.12 15154000 HINDCOPPER.24.02 Feb 295 -2.62 -2.71 40163400
ZEEL.24.02 Feb 176.8 1.73 -0.49 108336000 MARUTI.24.02 Feb 10476.35 -2.04 -3.26 2943300
OBEROIRLTY.24.02 Feb 1301.5 0.86 -0.26 6827800 LAURUSLABS.24.02 Feb 387.25 -1.69 -0.55 11910200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Syngene 741.5 -0.34 695607 1648818 80.9 Nifty50 21771.7 -0.38 71478
Crompton Greaves Consume 302.1 -0.79 2335471 2556807 76.1 Niftybank 45825.55 -0.32 71478
Sbi Life Insurance Compa 1419.85 -1.09 1010779 1327818 73.07 Nifty it 37162.15 -0.43 71478
Pidilite Industries Ltd 2554.2 1.54 2227669 282880 70.15 India Vix 15.62 6.26 71610
Srf Ltd. 2251.1 -2.91 429402 484878 69.13 Nifty Fmcg 54698.4 -0.76 71478
Voltas Ltd. 1023.1 -3.34 1750764 1017281 67.98 Nifty Pharma 18292.95 1.79 71478
Bharat Electronics Ltd 181.55 -1.65 23880364 18819093 67.91 Nifty Realty 862.75 0.77 71478
Icici Prudential Life In 504.8 -0.34 1097731 1618726 67.4 Nifty Auto 19615.3 1.21 71478
Godrej Cons Products Ltd 1218.45 -1.49 2290338 969262 63.46 Nifty Metal 8109.55 0.39 71478
Jublfood 484.85 -2.02 6124340 2805227 63.1 Nifty Financial Services 20315.85 -0.58 71478


   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 07th February, 2024

INR: Interest Rate Decision on 8th February, 2024

USD: Initial Jobless Claims on 08th February, 2024

USD: CPI (MoM) (Jan) on 13th February, 2024


  • India’s benchmark stock indices ended lower on Monday as last-hour selloffs erased all morning gains, led by losses in index heavyweights Reliance Industries Ltd. and Bharti Airtel Ltd. The Nifty settled 0.38%, or 82.10 points, lower at 21,771.70, while the Sensex fell 0.49%, or 354.21 points, to end at 71,731.42. The Nifty gained as much as 0.51% and the Sensex 0.42%. Shares of Reliance Industries Ltd., Bharti Airtel Ltd., Bajaj Finance Ltd., Larsen & Toubro Ltd., and UPL Ltd. dragged the Nifty 50 lower.

  • Bharti Airtel Ltd.’s third-quarter profit rose, meeting analysts’ estimates. The country’s second largest telecom company’s net profit increased 37.41% year-on-year to Rs 2,876.4 crore in the quarter ended December 2023, according to an exchange filing on Monday.

  • Services activity in the country highlighted a pickup in growth momentum in January due to surging demand that led to rise in sales and output, a private survey showed on Monday. The seasonally adjusted HSBC India Services PMI Business Activity rose to 61.8 in January from 59 in December, according to a release. A print above 50 means expansion, while a reading below 50 indicates contraction.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARSHYAM Quarterly Results 06-Feb-24 BIOFILCHEM Quarterly Results 06-Feb-24
ABIRAFN Quarterly Results;General 06-Feb-24 BIRLACORPN Quarterly Results 06-Feb-24
ACE Quarterly Results 06-Feb-24 BLUEJET Quarterly Results 06-Feb-24
ADIEXRE Quarterly Results 06-Feb-24 BPTEX Quarterly Results 06-Feb-24
AFFORDABLE Right Issue of Equity Shares 06-Feb-24 BRIDGESE Quarterly Results 06-Feb-24
AGI General;Quarterly Results 06-Feb-24 BRIGADE Quarterly Results;General 06-Feb-24
AJMERA Quarterly Results 06-Feb-24 BRITANNIA Quarterly Results 06-Feb-24
AKZOINDIA Interim Dividend;Quarterly Results 06-Feb-24 BRNL Quarterly Results 06-Feb-24
AMBARPIL General 06-Feb-24 CAMS Interim Dividend;Quarterly Results 06-Feb-24
ANANTRAJ Quarterly Results 06-Feb-24 CHAMBLFERT Quarterly Results 06-Feb-24
ANMOL Quarterly Results;General 06-Feb-24 CIGNITITEC Quarterly Results;General 06-Feb-24
APTECHT Quarterly Results 06-Feb-24 CIL Quarterly Results 06-Feb-24
ASTAR Quarterly Results 06-Feb-24 CISTRO Quarterly Results 06-Feb-24
AUROLAB Quarterly Results;General 06-Feb-24 CONTPTR Quarterly Results 06-Feb-24
AZAD Quarterly Results;General 06-Feb-24 CORALFINAC Quarterly Results 06-Feb-24
BENGALT Quarterly Results 06-Feb-24 CSL Quarterly Results 06-Feb-24



Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARTIDRUGS 06-Feb-24 Interim Dividend – Rs. – 1.0000 VIPIND 07-Feb-24 Interim Dividend – Rs. – 2.0000
CMSINFO 06-Feb-24 Interim Dividend – Rs. – 2.5000 VIRTUALS 07-Feb-24 E.G.M.
GAIL 06-Feb-24 Interim Dividend – Rs. – 5.5000 AJANTPHARM 08-Feb-24 Interim Dividend – Rs. – 26.0000
KIRLPNU 06-Feb-24 Interim Dividend – Rs. – 2.5000 AKSHAR 08-Feb-24 Bonus issue 1:5
MOTILALOFS 06-Feb-24 Interim Dividend – Rs. – 14.0000 GILLETTE 08-Feb-24 Interim Dividend – Rs. – 45.0000
NTPC 06-Feb-24 Interim Dividend – Rs. – 2.2500 GILLETTE 08-Feb-24 Special Dividend – Rs. – 40.0000
SHRIRAMFIN 06-Feb-24 Interim Dividend – Rs. – 10.0000 IMPAL 08-Feb-24 Interim Dividend – Rs. – 9.0000
TATAMETALI 06-Feb-24 Amalgamation IRB 08-Feb-24 Interim Dividend – Rs. – 0.1000
BEPL 07-Feb-24 Interim Dividend – Rs. – 1.0000 ITC 08-Feb-24 Interim Dividend – Rs. – 6.2500
CHOLAFIN 07-Feb-24 Interim Dividend – Rs. – 1.3000 KAARYAFSL 08-Feb-24 E.G.M.
CONCOR 07-Feb-24 Interim Dividend – Rs. – 4.0000 MANCREDIT 08-Feb-24 E.G.M.
HINDPETRO 07-Feb-24 Interim Dividend – Rs. – 15.0000 SHREECEM 08-Feb-24 Interim Dividend – Rs. – 50.0000
INTELLCAP 07-Feb-24 Bonus issue 2:1 STL 08-Feb-24 Bonus issue 1:3
SRF 07-Feb-24 Interim Dividend – Rs. – 3.6000 VAIBHAVGBL 08-Feb-24 Interim Dividend – Rs. – 1.5000
SYMPHONY 07-Feb-24 Interim Dividend – Rs. – 2.0000 ADVANIHOTR 09-Feb-24 Interim Dividend – Rs. – 2.0000
TIJARIA 07-Feb-24 E.G.M. APTUS 09-Feb-24 Interim Dividend – Rs. – 2.0000

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