the NIFTY opened at 21433.10 with a gap up of 81. The index continued its early morning bullish momentum and started moving higher sharply after the opening tick. The rally continued for the whole day with some minor dips in between which traders used to add more or take fresh positions. However, the index saw a consolidation towards the end. Prices first recorded its intraday low at 21429.60 just below the opening, then its intraday high at 21763.25 almost at the end, and finally closed at 21737.60 with a gain of 385 points or 1.80% up. All the sectoral indices have moved in line with the NIFTY and closed with gains except for FMCG and MEDIA. The OIL GAS outperformed and closed with a gain of 5.18% followed by AUTO, METAL, and FINANCIAL. The short-term trend is sideways now which was down before. The NIFTY has recorded a strongly bullish candle MARUBOZO. We have been tracking support around 21000 and resistance around 21700. The index crossed and closed above 21700 comfortably. The next resistance is visible around 21100 which is very near to the lifetime highs.


The BANK NIFTY opened at 45171.50 with a gap up of 205 points. The index continued its early morning bullish momentum and started moving higher from its opening tick. However, prices have found resistance around 45600, formed a range, and eventually broke on the downside. A modest down move came but soon prices again started consolidating. This time, the sideways movement continued till the end. The index recorded its intraday low at 45110.90, its intraday high at 45660.35, and finally closed at 45499.05 with a gain of 534 points. PSU BANKS have outperformed, saw a sharp upside move, and finally ended with a gain of 2.48%. PVT BANKS have also moved up, saw a sharp upside move, and ended with a gain of 1.46%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AU BANK contributed the lowest. The short-term trend changes to sideways which was down before. We have been tracking support around 44500 while resistance around 46500. The index has held the support levels, bounced up, and is now heading towards the resistance level.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DELTACORP.24.02 Feb 139.05 0.76 21.33 16110000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ACC.24.02 Feb 2498.4 11.81 -70.39 263700 BALKRISIND.24.02 Feb 2522.45 -7.03 -62.31 299400
AMBUJACEM.24.02 Feb 559.75 5.97 -83.55 1463400 IGL.24.02 Feb 404.55 -6.86 -65.66 1318625
BAJAJ-AUTO.24.02 Feb 7591 5.11 -61.77 271000 TECHM.24.02 Feb 1319.7 -6.26 -77.48 1206600
MOTHERSON.24.02 Feb 115.45 4.95 -87 5609000 LAURUSLABS.24.02 Feb 378.35 -5.32 -77.88 776900
BHEL.24.02 Feb 219.95 4.76 -70.7 5554500 HINDPETRO.24.02 Feb 429.9 -5.04 -69.49 2932200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dalmia Bharat Limited 2205.05 2.33 928586 552615 77.75 Nifty50 21352.6 -0.47 60020933
Indigo 2863.05 -1.62 1096039 963957 77.46 Niftybank 44866.15 -0.48 28560775
Reliance Industries Ltd 2706.15 0.68 5904436 8488857 77.46 Nifty it 36496.2 -1.6 1455490
Tata Consultancy Serv Lt 3810.3 -0.82 2232178 1984308 74.66 India Vix 13.86 -3.62 894621433
Larsen & Toubro Limited 3593.45 0.12 2440192 2731075 73.58 Nifty Fmcg 55214.1 -1.15 533473
Bajaj Finance Limited 7085.5 0.43 1168349 1487622 72.09 Nifty Pharma 17532.55 -1.3 72866595
Icici Prudential Life In 486.3 -0.46 2326424 2514165 71.09 Nifty Realty 823.55 0.67 1554751527
Infosys Limited 1669.1 -0.38 8998239 6345346 70.51 Nifty Auto 18614.9 0.11 68843280
Asian Paints Limited 2949.2 -1.68 2068414 1842381 69.11 Nifty Metal 7719.65 0.14 166145984
Jublfood 508.25 -3.28 3530518 2866143 68.22 Nifty Financial Services 20099.4 -0.53 9274792


   Domestic                                                                                                                                                  International
INR: Infrastructure Output (YoY) (Dec) on 31st January, 2024

INR: Federal Fiscal Deficit (Dec) on 31st January, 2024

USD: JOLTs Job Openings (Dec) on 30th January, 2024

USD: CB Consumer Confidence (Jan) on 30th January, 2024


  • Indian equity indices erased previous session losses and started the (Budget) week on a solid note with Nifty and Sensex rising nearly 2 percent each on January 29 amid buying across the sectors and heavyweights. At close, the Sensex was up 1,240.90 points or 1.76 percent at 71,941.57, and the Nifty was up 385.00 points or 1.80 percent at 21,737.60.

  • The Reserve Bank of India (RBI) on January 29 said it will conduct overnight variable rate repo auction of Rs 25,000 crore on January 30.

  • Reliance Industries Ltd surged 5 percent to a record, gaining for the third straight session and propelling the company’s market capitalisation to Rs 19.2 lakh crore.
  • GAIL (India) on January 29 reported a multi-fold increase in consolidated net profit at Rs 3,193.34 crore in the third quarter of the financial year 2023-24 amid softening in liquefied natural gas (LNG) prices from last year. The consolidated net profit of the country’s largest gas distributor was Rs 397.59 crore in the same period last year. Sequentially, net profit increased 31 percent from Rs 2,442.18 in the quarter ending September 2023.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACGL Interim Dividend;Quarterly Results 30-Jan-24 COMPUSOFT Quarterly Results;General 30-Jan-24
ADFFOODS Quarterly Results 30-Jan-24 COROMANDEL Quarterly Results 30-Jan-24
AKSHAR Quarterly Results 30-Jan-24 DLTNCBL Quarterly Results 30-Jan-24
AKSHARCHEM Quarterly Results 30-Jan-24 DRREDDY Quarterly Results 30-Jan-24
APARINDS Quarterly Results 30-Jan-24 DWARKESH Quarterly Results 30-Jan-24
ARVIND Quarterly Results 30-Jan-24 EARUM Issue Of Warrants;Preferential Issue of shares 30-Jan-24
ASAHISONG Quarterly Results 30-Jan-24 EPSOMPRO Quarterly Results 30-Jan-24
ASHISHPO Quarterly Results 30-Jan-24 GILLETTE Interim Dividend;Quarterly Results 30-Jan-24
ASIANTILES Quarterly Results 30-Jan-24 GITARENEW Quarterly Results 30-Jan-24
ASITCFIN General 30-Jan-24 GPTINFRA Interim Dividend;Quarterly Results 30-Jan-24
ASTRAL Quarterly Results 30-Jan-24 HEADSUP Quarterly Results 30-Jan-24
ATGL Quarterly Results 30-Jan-24 IMFA Quarterly Results 30-Jan-24
AVL Preferential Issue of shares;General 30-Jan-24 INVIGO Quarterly Results 30-Jan-24
BAJAJFINSV Quarterly Results 30-Jan-24 INVPRECQ Quarterly Results;General 30-Jan-24
BAJAJHLDNG Quarterly Results 30-Jan-24 ISHWATR Quarterly Results 30-Jan-24
BANASFN Quarterly Results 30-Jan-24 JBMA Quarterly Results;General 30-Jan-24
BHARATGEAR Quarterly Results 30-Jan-24 JCHAC Quarterly Results 30-Jan-24
BLUESTARCO Quarterly Results 30-Jan-24 JINDHOT Quarterly Results 30-Jan-24
CHENFERRO Quarterly Results 30-Jan-24 JKIL Quarterly Results 30-Jan-24
CHEVIOT Quarterly Results;General 30-Jan-24 JPASSOCIAT Quarterly Results;General 30-Jan-24
CITADEL Quarterly Results 30-Jan-24 JUBLINGREA Interim Dividend;Quarterly Results 30-Jan-24
COCHINSHIP Interim Dividend;Quarterly Results 30-Jan-24 JUMBO Quarterly Results 30-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GOTHIPL 30-Jan-24 Interim Dividend – Rs. – 2.0000 WENDT 01-Feb-24 Interim Dividend – Rs. – 30.0000
KANANIIND 30-Jan-24 Bonus issue 1:1 BALKRISIND 02-Feb-24 Interim Dividend – Rs. – 4.0000
NAGREEKEXP 30-Jan-24 Right Issue of Equity Shares CONTROLPR 02-Feb-24 Interim Dividend – Rs. – 4.0000
PERSISTENT 30-Jan-24 Interim Dividend – Rs. – 32.0000 IEX 02-Feb-24 Interim Dividend – Rs. – 1.0000
PGINVIT 30-Jan-24 Income Distribution (InvIT) KKCL 02-Feb-24 Interim Dividend – Rs. – 2.0000
SIEMENS 30-Jan-24 Final Dividend – Rs. – 10.0000 MRPL 02-Feb-24 Interim Dividend – Rs. – 1.0000
AURIONPRO 31-Jan-24 E.G.M. OBEROIRLTY 02-Feb-24 Interim Dividend – Rs. – 2.0000
CURATECH 31-Jan-24 Resolution Plan -Suspension RELTD 02-Feb-24 E.G.M.
GROWINGTON 31-Jan-24 Stock  Split From Rs.10/- to Rs.1/- SANDUMA 02-Feb-24 Bonus issue 5:1
METROBRAND 31-Jan-24 Interim Dividend – Rs. – 2.7500 SHAREINDIA 02-Feb-24 Interim Dividend – Rs. – 3.0000
POONAWALLA 31-Jan-24 Interim Dividend – Rs. – 2.0000 ZENSARTECH 02-Feb-24 Interim Dividend – Rs. – 2.0000
RAJOOENG 31-Jan-24 Buy Back of Shares APCOTEXIND 05-Feb-24 Interim Dividend – Rs. – 2.0000
SURAJLTD 31-Jan-24 Interim Dividend CGPOWER 05-Feb-24 Interim Dividend – Rs. – 1.3000
BIGBLOC 01-Feb-24 Interim Dividend – Rs. – 0.2000 COFORGE 05-Feb-24 Interim Dividend – Rs. – 19.0000
CESC 01-Feb-24 Interim Dividend – Rs. – 4.5000 MAAGHADV 05-Feb-24 Bonus issue 1:4
HARSHILAGR 01-Feb-24 E.G.M. MAAGHADV 05-Feb-24 Stock  Split From Rs.10/- to Rs.1/-
HAVELLS 01-Feb-24 Interim Dividend – Rs. – 3.0000 MGL 05-Feb-24 Interim Dividend – Rs. – 12.0000
PURVA 01-Feb-24 Interim Dividend – Rs. – 6.3000 SONACOMS 05-Feb-24 Interim Dividend – Rs. – 1.5300
REGENCY 01-Feb-24 E.G.M. TANLA 05-Feb-24 Interim Dividend – Rs. – 6.0000
ROUTE 01-Feb-24 Interim Dividend – Rs. – 3.0000 AARTIDRUGS 06-Feb-24 Interim Dividend – Rs. – 1.0000
SALASAR 01-Feb-24 Bonus issue 4:1 CMSINFO 06-Feb-24 Interim Dividend – Rs. – 2.5000
TIPSINDLTD 01-Feb-24 Interim Dividend – Rs. – 3.0000 GAIL 06-Feb-24 Interim Dividend

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