Morning Market Views:

Nifty have shown massive reversal in the intraday trade in the last session taking support around the psychological support zones of 24000 levels on the lower side. The momentum was well supported by stock specific action as well. The overall trend of the index is Buy on dips for the near term till the index is holding above 24000 on closing basis while 24450-24550 remains strong hurdle for the near term. Bank Nifty is also in the strong bullish mode with strong support for the index placed around 55500-55600 and 55200 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 now bullish with support for the index placed around 55300 while 56400 remains resistance for the day. Stocks In News Zaggle Prepaid Ocean Services: Signs an agreement with Supreme Industries to provide its Zaggle Propel reward platform.

: Receives LOI for DM2 (MGO) licence from Andhra Pradesh government to set up a greenfield IMFL bottling plant with capacity of 46.5 lakh cases. : Arm Motilal Oswal Asset Management appointed sponsor of a pension fund under NPS by PFRDA. : Fixes June 4 as the record date for issuance of bonus shares. TD Power Systems: Board to consider stock split on May 14. Dabur India: Step‑down arm Dabur International incorporates a step‑down subsidiary in the US. BASF India: Clarifies that the Hyderabad global services hub belongs to BASF Global Business Services, a Germany‑based arm; Indian entity holds no stake. Amara Raja Energy: Launches services under the brand Amaron Assist. Ashiana Housing: April area booked at 0.85 lakh sq ft with booking value of Rs. 91.4 crore