Morning Market Views:

Nifty have been in the consolidative mode in the last couple of sessions with selling seen in the IT stocks which have dragged in the index lower. The overall trend of the index seems to be sideways to bullish with key support placed near 23700-23800 on the lower sider for the day. The resistance for the index is around 24200 for the current monthly expiry. Bank Nifty is also near crucial support zones around 55500-56000 zones. The overall trend of the index seems to be good with next major hurdle placed around 56400-56800 on the higher side. 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 City Union Bank: The bank has significantly expanded its footprint, opening a total of 9 new branches across Gujarat, Andhra Pradesh, Uttar Pradesh, Tamil Nadu, West Bengal, and Karnataka, bringing its total branch network to 987.

: The IT major has partnered with Kongsberg Digital to develop and scale AI-driven solutions tailored for the energy and utilities sector. KPI Green Energy: The renewable energy company has incorporated a new subsidiary, KPGC Global, with an initial capital of Rs 2 crore. : The company clarified that it is not in a position to confirm or deny media reports regarding a settlement in the Yes Bank investment case, adding that there is currently no material information requiring disclosure. : The company has declared the successful commercial operations of the 7th part capacity (90 MW) of its massive 1,200 MW Khavda-II Solar Project in Gujarat. FACT: The company has received government approval to manufacture DAP fertilizers under the NBS scheme at both its Kochi and Udyogmandal plants, which allows it to officially claim subsidies for its output.