Morning Market Insights:

Indian Markets are expected to consolidate in the today’s session all thanks to the recent up move in the markets in the recent past. The overall trend of the index seems to be positive with any correction will be a good buying opportunity for short term traders. The support for the index is around 23400-23500 while 24000 remains short term hurdle for the price. Bank Nifty is expected now to consolidate after the recent move in the index with overall trend remains on the positive side. On the other hand, the sentiment on the street is bullish with short term declines in the markets to be utilized to create fresh long positions. The support for the index is around 56500-56600 while 57600 remains resistance for the day. Stocks In News $PATELENG : Company receives Rs. 126.37 crore Letter of Acceptance for Tasgaon Lift Irrigation Scheme in Maharashtra; company's share in the contract valued at 51% of total contract. $SUDARSCHEM : Company inaugurates second global head office in Frankfurt, underscoring the company's growth ambitions and long-term commitment to Germany. $M&MFIN : Approval for issue of 1 lakh non-convertible debentures of face value Rs. 1 lakh per debenture, up to Rs. 1,000 crore for a period of 3 years, interest offered at 7.90% per annum. Anant Raj: Incorporation of Anant Raj Cloud arm of the company in Singapore. SJS Enterprises: Company sold its immovable property in Bengaluru for a consideration of Rs. 58.5 crore by executing a sale deed. $HCLTECH : Made investment of Rs. 1,427.25 crore in Axonwise Private Limited (Sarvam AI), a company incorporated in India. $ADANIENT : Adani Enterprises and Jabil target a strategic alliance to build AI Data Center Infrastructure Platform in India. Vishal Mega Mart: Appointment of Mr. Sashi Gumma as Chief of Operations and Senior Management Personnel of the company.