Morning Update 1st February : NIFTY: Index continued its upmove and formed a strong green candle, indicating a relief in markets. Union Budget today, expect increased volatility. Focus on position sizing. BANK NIFTY: Index continued to perform. Expect random moves on either side. View is sideways to bullish, however all eyes will be on the announcements in budget. Nifty 50 Support Level : 23200 Resistance Level : 23750 Bank Nifty Support Level : 48800 Resistance Level : 50000 Result corner - Nestle. Q3FY25 consolidated revenues rise by 17.3% YoY to Rs 64,668 crore and net profits rise by 13.9% YoY to Rs. 3,359 crore  - Chola.Q3FY25 consolidated revenues rise by 37% YoY to Rs 5,643 crore and net profits rise by 47.3% YoY to Rs. 1,316.06 crore  Key results today: AnantRaj, AartiInd, VinatiOrg and more Stocks in news WAAREEENER Arm Waaree Clean Energy Solutions gets notification of award NoA from SECI for setting up production facility of 90,000/MT/Annum for green hydrogen. ENGINERSIN Wins ₹222 crore PMC services order from HPCL for Lube Modernization project. MARINE-BE Wins ₹37.92 crore order from DC Development Noida Ltd. HEROMOTOCO Niranjan Gupta to step down as the CEO of the company w.e.f April 30 KAYNES Company announced the resignation of Mr. R Balasubramanian as Deputy Chief Financial Officer. INFY SEBI issues an order against Keyur Maniar and Ramit Chaudhri for insider trading in Infosys shares. NESTLEIND Company said it has added a new KitKat production line at its Sanand Factory in Gujarat. VEDL Company Says Successful Production Of 1st Slab From Rolled Products Debottlenecking At Balco RAIN Company to Set Up Coal Tar Distillation Facility in Apsez Phase I Slated To Commence In H2 2025 TIINDIA Company Acquires 67% Equity in Kcaltech System India REFRACTORY-ST Company announces plant expansion 1 lakh sqft covered production area added at Wankaner plant. Quick Takeaways - Govt capex rose 8.2% from July-Nov 2024, led by defence, railways, roads - Lodha brothers agree to solve trademark dispute through mediation - Financial sector regulation must balance growth and stability: Economic Survey - Amid Apple's record streak in India, iPhone sales in the country hit $10bn - Indian data centre market expected to grow to USD 11.6 billion by 2032: Economic Survey