Morning Market Insights:

Indian Markets will again face the heat of the global developments where US markets cracked in the yesterday’s session followed by US striking IRAN once again in the morning. The overall sentiment on the street seems cautious to negative now with support for Nifty placed around 23000 while 23350 remains stiff resistance zones. Bank Nifty is looking good on the charts with stable stocks specific buying was seen in the private sector banking stocks from the lower zones. The overall trend of the index is bullish with good buying expected on any pullbacks in today’s trade at the lower levels. The sentiment on the street is definitely with support for the index placed around 54000-54200 while 55500 remains resistance for the day Stocks in News Today $ONGC – Positive brokerage commentary and strong earnings outlook. $ZEEL – Plans to raise around ₹2,300 crore through fundraising. $RELIANCE – In focus amid continued investor interest and sector developments. $PFC – Likely to benefit from improving liquidity conditions and power sector activity. Vascon Engineers – Secured a major ₹347 crore redevelopment project.