Morning Market Views:

Nifty have given good momentum in the last trade and have respected the support zones of 23900-24000 on the daily charts where unfilled gap was filled in the last week. The overall trend of the index is Buy on dips for the near term till the index is holding above 23800 on closing basis while 24250-24350 remains strong hurdle for the near term. Bank Nifty is also in the consolidation mode with support for the index placed around 55500 and 55400 on the lower side. The overall trend of the index is good with some volatility expected today after the recent volatile moves on the daily charts. The sentiment on the street will remain neutral with support for the index placed around 55500 while 56600 remains resistance for the day. Stocks In News !Gujgas : The company's board approves a name change to “Gujarat Energy Ltd”. It also approves issuance of 35.2 crore shares to GSPC shareholders and 27.1 crore shares to GSPL shareholders. The approved swap ratios are 10 shares for every 305 shares of GSPC and 10 shares for every 13 shares of GSPL.

: The company announces that Rajiv Bajaj will step down from its board as Non‑Executive Director. (L&T): The company will sell its entire stake in its arm, L&T Metro Rail Hyderabad, for Rs. 1,461 crore. Upon completion, the entity will cease to be a subsidiary of the company. : The company appoints Manikandan M as CFO effective May 1. Venkatraman Venkateswaran will step down as CFO from April 30 and will continue as Executive Director. : The company forms a 50:50 joint venture with Bain Capital to develop a 2 million sq. ft. project in Bengaluru, with a total investment of Rs. 2,200 crore. : The company will commence production of weak nitric acid (WNA) and ammonium nitrate solution (ANS) from May 15, and plans to start high‑density ammonium nitrate production by May 31.