Morning Market Views:

Indian Markets have been in the consolidation mode from past few days and revolving in the broad range of 23800-24400 on the daily charts. The index has shown good momentum in the intraday trade but is lacking decisive closing moves on the bullish side. The sentiment on the street seems to be cautious with next support for the index placed around 23800 while 24200 remains immediate short-term hurdle for the benchmark index. Bank Nifty is still in the consolidation mode with support for the index placed around 54800 and 54950 on the lower side. The overall trend of the index is neutral 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 54800 while 55900 remains resistance for the day. Stocks In News Ratnaveer Precision: The company's board approves a fundraising of up to Rs. 330 crore via equity. It plans to raise funds through QIP, rights issue, or FPO, and also approves an increase in authorised share capital to Rs. 113 crore from Rs. 85 crore. !RVNL : The company receives a construction order worth Rs. 39 crore from NMDC. Butterfly Gandhimathi Appliances: The company faces a liability of AED 31,666 in a consumer injury case in the UAE, following an order passed by the Abu Dhabi Court of Appeal related to an alleged product malfunction.

: The company's arm, Equinaire, executes a loan assignment agreement to acquire a USD 9.76 million mining‑project loan linked to a copper‑gold project in the Philippines. : The company announces the resignation of Manoj Tulsian as Joint Managing Director and CEO. Solara Active Pharma Sciences: The company informs that the US FDA has concluded an inspection at its Puducherry facility, classifying the unit as VAI and issuing four procedural FDA‑483 observations.