Morning Market Views:

Nifty have drifted lower in the last trade and is still trading near the upper band of the Bollinger on the daily charts with support placed around 24200 and 24120 on the lower side while 24500 remains strong resistance zones. 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 is also in the consolidation mode with support for the index placed around 56400 and 56200 on the lower side. The overall trend of the index is good with some volatility expected today after the recent bullish move on the daily charts. The sentiment on the street will remain neutral with support for the index placed around 56200 while 57400 remains resistance for the day. Stocks In News !BEL : The defense public sector undertaking has secured multiple orders aggregating to Rs 569 crore for FY27. !Infy : The IT major has entered into a strategic pact with OpenAI to drive enterprise transformation by combining OpenAI's technology with the Infosys Topaz Fabric.

: The company has secured a new order worth Rs 7.7 crore from the South Western Railway division. Enviro Infra Engineers: The company has acquired a 49% stake in PRA Bihar Bess for an investment of Rs 15.5 crore. Lumax Auto Technologies: The NCLT has reserved its order regarding the Lumax-IAC merger following the completion of the second-motion hearing. Ind Swift Laboratories: The company reports that HCP Investments has offloaded a 7.5% stake in the firm. JSW Dulux (formerly Akzo Nobel): The company has received a favorable assessment, resulting in a massive reduction of its pending tax demand to Rs 15 crore from the initial Rs 101 crore. BlackBuck: The Income Tax department has allowed the company's ESOP expense claims, setting aside a previous disallowance of Rs 106.6 crore.