Morning Market Insights:

The index is currently trading in a range bound zones after recent volatility, with price action surpassing again below 24000 mark. Technically, the index is showing signs of consolidation move supported by buying on dips and improving momentum indicators like RSI moving toward neutral levels. On the flip side, 23600-23650 remains immediate support for the index. Bank Nifty have been under strong reversal mode now as broad-based buying was seen in the private sector banking stocks followed by select PSU banking stocks. The overall trend of the index is now good with good buying expected today after the recent moves. The sentiment on the street will remain bullish with support for the index placed around 54200-54500 while 55500 remains resistance for the day. Stocks In News $KEC : Secured fresh orders worth Rs 1,303 crore across multiple business verticals. $SUNPHARMA : To present long-term follow-up data on UNLOXCYT at the upcoming ASCO meeting. $JKTYRE : Announced Rs 4,980 crore capex plan to expand radial tyre capacity by FY30; CMD reappointed for 5 years. HG Infra Engineering: Declared qualified bidder for a 35-year transmission project by REC Power. Tata Elxsi: Launched new AI-driven material intelligence platform ‘ViTel AI’. $COALINDIA : Government to divest up to 1% stake through OFS at floor price of Rs 412/share. Yes Bank: NSE imposed penalty on Yes Securities and restricted onboarding of new clients for 3 months. Central Bank of India: Government divested 8.08% stake for Rs 732 crore. NLC India: Signed MoU with IIT(ISM) TEXMiN for critical mineral exploration and research.