Morning Market Insights:

Indian Markets are expected to consolidate in the today’ trade of Nifty options weekly expiry day after the recent good bullish moves. There was some pressure in the global markets in the last night which may provide some hurdle for the index on the higher side. The sentiment on the street is expected to remain range bound now with support for Nifty is around 23900-23950 while 24250 will be the stiff resistance. Bank Nifty is expected to outperform 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 57400-57500 while 58200 remains resistance for the day. Stocks in NEWS-

– Positive: Received additional defence and electronics orders worth ₹1,081 crore, boosting order book and revenue visibility. – Neutral: Launched QIP at ₹290.35/share; promoter trust to sell 3.3 crore shares via OFS. Short-term dilution concerns, long-term growth funding. – Positive: Invested ₹1,003 crore in 54 AI & deep-tech startups since 2020, strengthening long-term growth prospects. – Positive Watch: Board to consider capital raising on June 25, which could strengthen growth and capital position. Birla Corporation – Positive: Started commercial production at Bikram Coal Mine, improving fuel security and supporting margins.