Morning Market Insights:

Indian Markets are expected to consolidate in the today’s trader after the yesterday’s sell off in the broader markets. The overall sentiment on the street is cautious with IRAN-US issue gain on fire in the middle east. On the technical front, the index is having support around 23050-23100 below which 22900 is the next support zones. On the other hand, 23300-23400 is the major hurdle in the near term. Bank Nifty is looking neutral to bullish on the charts with good stocks specific buying was seen in the private sector banking stocks followed by select PSU banking stocks. The overall trend of the index is flat with good buying expected today after the recent moves. The sentiment on the street will remain neutral with support for the index placed around 53200-53400 while 54600 remains resistance for the day. Stocks In News

: The company successfully commissioned its Halol Wind Blade Manufacturing Plant in Gujarat. : The jewelry and watchmaker redeemed Commercial Papers worth Rs 1,000 crore. Aye Finance: The board approved the issuance of Non-Convertible Debentures (NCDs) worth $15 million on a private placement basis. Goldiam International: Announced the opening of its 25th retail store for lab-grown diamond jewellery under its brand name "ORIGEM". JNK India: Secured a "large" order (which the company classifies as Rs 100-300 crore) from CC7 Emirates Engineering Solutions. It also secured another large export order for an Incinerator Package and Waste Gas Handling Systems. Shanti Gold International: Commenced commercial production at its new manufacturing facility in Mumbai. HDB Financial: The board is scheduled to meet on June 11 to consider various fundraising options. : The government has appointed Anupam Misra as the new Chairman and Managing Director.