Morning Market View

The Indian markets continue to show strong upward momentum, with NIFTY 50 closing comfortably above the 25,800 mark in the previous session. The index has been forming higher highs and higher lows, indicating sustained buying interest. Technical indicators are aligned on the bullish side, reflecting underlying strength in the broader structure. A decisive move above 25,850 could trigger fresh short covering, potentially pushing the index towards the 26,000 psychological zone in the coming sessions. On the downside, immediate support is seen around 25,650–25,600. As long as the index sustains above these levels, the bias remains positive for the short term. The NIFTY Bank is trading near all-time highs and continues to outperform. The structure remains firmly bullish with strong support placed around 61,000–60,800. Short-term traders may maintain a positive stance while keeping 61,200 (spot) as a trailing stop loss for long positions. Sustained strength above support zones could lead to further upside expansion. Buzzing Stocks on the Street

: Entered into a definitive agreement with UK-based Mercury Pharma Group. Impact: Positive – Strategic expansion likely to strengthen its specialty portfolio. : Received final approval from the USFDA for Bosentan tablets. Impact: Positive – Boosts US generics pipeline and revenue visibility. : Signed a contract worth over ₹2,000 crore with France-based CMA CGM. Impact: Positive – Strengthens order book and long-term earnings outlook. Capital Goods Corporation Ltd (CGCL): BNP Paribas Financial Markets acquired 30.78 lakh shares. Impact: Neutral to Positive – Indicates institutional interest. Limited: Received an order of debarment from the National Highways Authority of India (NHAI). Impact: Negative – May impact near-term order inflows and sentiment.