Morning Market Views:

Nifty has been in the strong momentum from past few sessions and is looking good on the charts with strong support placed around 24000 on the lower side. The immediate resistance for the index is around 24500-24700 on the upper side. The overall trend of the index is Buy on dips for the near term till the index is holding above 24000 on closing basis. Bank Nifty have given good bounce in the recent past above 55500 on the daily charts. The overall trend of the index is good with some volatility expected today after the recent brutal strong up move on the daily charts. The sentiment on the street will remain bullish with support for the index placed around 55000 while 56500 remains resistance for the day. Stocks In News Amrutanjan Health: The company has announced its strategic entry into the personal care segment with the launch of its new razors category. Marsons: The company has successfully secured an order or funding worth Rs. 15 crore from Inox Solar. Shyam Metalics: The Enforcement Directorate (ED) has attached investments worth Rs. 152 crore belonging to the company's arm, Eastern Coalfields, in connection with an ongoing PMLA case. Onix Solar Energy: The company's board has approved a proposal to raise up to Rs. 130 crore in capital through a rights issue.

: The company received 2 Form 483 observations from the US FDA following a routine inspection of its Goa manufacturing facility conducted between April 6 and April 17. PC Jeweller: The company continues its deleveraging efforts, reducing its outstanding bank debt by another 10%, which brings its total debt repayment to over 90% of the outstanding amount. : The company has expanded its Southeast Asian footprint by incorporating a new subsidiary in Thailand with a registered capital of 3 million Baht. : The company's board is scheduled to meet on April 22 to deliberate on a potential bonus issue and explore fundraising options through equity or a rights issue.