Morning Market Views:

Indian Markets staged a smart recovery in the last session even when the rupee was slumping to record lows. The sentiments on the street remained cautious with mid and small cap stocks led the gains from the front. The overall trend of the index remains neutral till the index is trading above 23300 while major short covering may be seen above 23800 on the daily charts. Banking index also gained traction from the lower zones in the last trade and again managed to save the crucial support zones of 52500-52800 levels. The overall trend of the index still remains on the neutral side with stock specific action to continue in the banking sector as well. The index will witness fresh round of short covering 54000 mark where good call writing is seen. Derivatives Data - SENSEX EXPIRY DAY: SENSEX may witness short covering above 76000 zones only SENSEX have good support around 74800 zones on lower side Overall view is bullish for the day on Sensex Stocks In News $RELIANCE : The Registrar of Companies (ROC) has voluntarily struck off the company's associate entity, BAM DLR Kolkata. Separately, its arm RISE Worldwide partnered with Major League Baseball to support the growth of the sport in India, and its step-down arm Roptonal in Cyprus is set to be dissolved. $HCLTECH : The IT major released a report on AI warning that 43% of enterprise AI initiatives may fail, highlighting that business leaders face shrinking timelines to deliver impact. $ASHOKLEY : The automaker received a no-objection letter from the BSE regarding the merger of its arm, Hinduja Leyland Finance, into NDL Venture. KEI Industries: The company signed a pact to purchase 26% securities of Solarcraft Power India for Rs 5.9 crore via share and CCD subscription, securing 11.25 MW of solar power capacity in Rajasthan.