The NIFTY opened at 22064.85 with a gap down of 82 points. The index initially moved up and tried to fill the gap but failed to do so and recorded its intraday high at 22120.90. Prices have seen a sharp intraday decline which took the index below 22000 levels again. The index found strong support just above 21900 in the afternoon trades and started a consolidation process. The sideways movement lasted till the end and prices have recorded its intraday low at 21931.70. The index finally closed at 22023.35 with a loss of 123.30 points or 0.56% down. METAL and FMCG outperformed today and closed with minor gains. OIL GAS and AUTO underperformed today, led the bears, and closed with a loss of over 1.50% followed by PHARMA. The NIFTY resumed moving lower after one day of a relief rally and ended the day with a loss.


The BANK NIFTY opened at 46572.10 with a big gap down of 258 points. The index initially moved up, filled the gap in no time but then found strong resistance there. Prices then moved down and then formed a consolidation in the afternoon. The index kept on moving sideways till the end. Prices first recorded its intraday high at 46802.55 then its intraday low at 46310.50, and finally closed at 46545.30 with a loss of 285 points. PSU BANKs have underperformed today, saw a mild downside move, and ended with a loss of 0.35%. PVT BANKs have moved sideways today and finally closed with a loss of just 0.04%. Within the index, in terms of points, FEDERAL BANK contributed the highest on the upside while ICICI BANK contributed the lowest. BANK NIFTY continued its lower closing streak for the sixth day and closed lower. However, the opening and closing tick were very near indicating a relief rally may come.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AMBUJACEM.24.03 Mar 602.25 3.05 0.34 42469200 HINDPETRO.24.03 Mar 471 -6.31 5.78 39784500
HINDCOPPER.24.03 Mar 271.15 3.02 9.73 29775400 BIOCON.24.03 Mar 252.6 -5.87 4.2 45540000
BHARTIARTL.24.03 Mar 1222.1 1.86 1.92 32865250 IOC.24.03 Mar 161.85 -5.41 0.87 156273000
PAGEIND.24.03 Mar 34930.75 1.37 10.25 171210 PFC.24.03 Mar 380.05 -4.81 9.53 75988750
INDUSTOWER.24.03 Mar 250.4 1.34 2.21 101541000 M&M.24.03 Mar 1807.45 -4.63 4.07 14262150
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ABFRL.24.03 Mar 208.1 3.33 -3.58 40557400 TVSMOTOR.24.03 Mar 2067.95 -4.55 -0.79 4665150
LTTS.24.03 Mar 5444.8 3.03 -4.87 671800 BHEL.24.03 Mar 217.6 -4.27 -9.71 78477000
FEDERALBNK.24.03 Mar 150.75 2.66 -3.3 84090000 BPCL.24.03 Mar 587 -4.06 -0.59 26699400
UPL.24.03 Mar 476.75 2.64 -3.02 34414900 ZEEL.24.03 Mar 141.9 -3.86 -0.46 112719000
DIXON.24.03 Mar 6975.75 1.95 -6.17 1323700 NATIONALUM.24.03 Mar 137.15 -3.04 -3.68 68895000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Marico Limited 500.15 -1.17 2751229 1874818 80.6 Nifty50 22023.35 -0.56 68158166
Dabur India Ltd. 526.55 -0.59 1710825 1599575 78.12 Niftybank 46594.1 -0.42 32234510
Godrej Cons Products Ltd 1212.7 -1.2 1283320 635584 71.96 Nifty it 37500.7 -0.47 1514762
Syngene 673.7 -0.42 951250 643290 70.69 India Vix 13.69 0.51 1.09E+09
Atul Ltd. 5993.9 0.51 42765 96747 70.03 Nifty Fmcg 54155.45 0.02 1060555
Max Financial Services l 962.75 0.23 2154818 1029808 68.93 Nifty Pharma 18718.45 -0.95 79938455
Icici Lombard General In 1651.35 -0.63 484001 332523 68.85 Nifty Realty 830.15 -0.17 1.8E+09
Hindustan Unilever Ltd 2327.7 -0.3 2751403 1571731 68.56 Nifty Auto 20192.3 -1.57 73894073
Larsen & Toubro Limited 3537.15 -1.97 4054210 3004786 66.35 Nifty Metal 7802.65 0.03 1.92E+08
Info Edge (india) Limite 5241.2 0.73 274014 172752 66.2 Nifty Financial Services 20644.3 -0.39 14702050


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

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

USD: Building Permits (Feb) on 19th March, 2024

USD: Crude Oil Inventories on 20th March, 2024


  • After trading in the green for four weeks in a row, the market ended in the red with the benchmark indices shedding 2 percent each and posting one of the biggest weekly losses on March 15, driven by a rout in midcap and smallcap stocks and mixed data points. In this week, BSE Sensex lost 1,475.96 or 0.99 percent to end at 72,643.43 and Nifty50 shed 470.25 points or 2.09 percent to finish at 22,023.30.

  • Air India is likely to lay off around 200 employees as part of a larger reorganisation of the Tata Group’s aviation business, reported The Economic Times. According to Air India, less than 1 percent of its staff will be laid off as they chose not to participate in voluntary retirement plans or take advantage of the company’s reskilling initiatives, the report added.

  • Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from U.S. refiners completing planned overhauls.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ARFIN Preferential Issue of shares 18-Mar-24 KOLTEPATIL General 19-Mar-24
DWL General 18-Mar-24 MANAPPURAM General 19-Mar-24
GEE A.G.M.;General 18-Mar-24 MOTOGENFIN General 19-Mar-24
JUNIPER Quarterly Results;General 18-Mar-24 RSYSTEMS Interim Dividend;General 19-Mar-24
KAMATHOTEL General 18-Mar-24 SBICARD Interim Dividend 19-Mar-24
L&TFH General 18-Mar-24 SRGHFL General 19-Mar-24
NGLFINE General 18-Mar-24 TATASTEEL General 19-Mar-24
NITINFIRE Audited Results 18-Mar-24 ANSALAPI Final Dividend;Quarterly Results 20-Mar-24
ROYALIND Preferential Issue of shares 18-Mar-24 BPL General 20-Mar-24
SHAH Preferential Issue of shares 18-Mar-24 DAULAT General 20-Mar-24
SUKHJITS General 18-Mar-24 EMERALD Issue Of Warrants 20-Mar-24
TIL Right Issue of Equity Shares 18-Mar-24 EMMESSA General 20-Mar-24
AARTECH General 19-Mar-24 HUDCO Interim Dividend 20-Mar-24
DHYAANITR General 19-Mar-24 INDUSFINL Increase in Authorised Capital;General 20-Mar-24
GPTHEALTH Interim Dividend;Quarterly Results 19-Mar-24 TVSMOTOR Bonus issue 20-Mar-24
IFCI Preferential Issue of shares 19-Mar-24 ANKITMETAL Quarterly Results 21-Mar-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
OIL 18-Mar-24 Interim Dividend – Rs. – 8.5000 DWARKESH 20-Mar-24 Buy Back of Shares
TIERRA 18-Mar-24 Right Issue of Equity Shares EASTSUGIND 20-Mar-24 E.G.M.
TINEAGRO 18-Mar-24 Bonus issue 1:1 KAKATCEM 20-Mar-24 E.G.M.
TINEAGRO 18-Mar-24 Stock  Split From Rs.10/- to Rs.1/- MISHTANN 20-Mar-24 Right Issue of Equity Shares
COLABCLOUD 19-Mar-24 Stock  Split From Rs.10/- to Rs.2/- PAISALO 20-Mar-24 Bonus issue 1:1
COLABCLOUD 19-Mar-24 Bonus issue 1:1 RONI 20-Mar-24 E.G.M.
KAMAHOLD 19-Mar-24 Interim Dividend – Rs. – 19.0000 ACL 21-Mar-24 E.G.M.
KEI 19-Mar-24 Interim Dividend – Rs. – 3.5000 ALFAVIO 21-Mar-24 E.G.M.
KESAR 19-Mar-24 Bonus issue 6:1 CASTROLIND 21-Mar-24 Final Dividend – Rs. – 4.5000
RAJATH 19-Mar-24 E.G.M. INDINFR 21-Mar-24 Income Distribution (InvIT)
RAMASTEEL 19-Mar-24 Bonus issue 2:1 KSOLVES 21-Mar-24 Interim Dividend – Rs. – 5.0000
SUDARSCHEM 19-Mar-24 Interim Dividend – Rs. – 3.6000 PATANJALI 21-Mar-24 Interim Dividend – Rs. – 6.0000
TVSMOTOR 19-Mar-24 Interim Dividend – Rs. – 8.0000 VIPULLTD 21-Mar-24 E.G.M.
ADVANIHOTR 20-Mar-24 Bonus issue 1:1 AMBARPIL 22-Mar-24 E.G.M.
AGIIL 20-Mar-24 Interim Dividend – Rs. – 1.0000 BEL 22-Mar-24 Interim Dividend
AXTEL 20-Mar-24 Interim Dividend – Rs. – 6.0000 MIDHANI 22-Mar-24 Interim Dividend – Rs. – 1.4100

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