Morning Update 5th February : NIFTY: Index continued its bullish momentum View is bullish, however, resistance near 24000 levels. BANK NIFTY: View is bullish as index continues to show strength. View is invalid only below 49500 on closing basis. Nifty 50 Support Level : 23500 Resistance Level : 24000 Bank Nifty Support Level : 49600 Resistance Level : 50600 Stocks in news AFFLE Company Got Patent for System for Switching Between Conversational Agents AMBER Groundbreaking for a new IL JIN Electronics facility in Pune. DELTACORP Deltin Royale to be replaced by bigger, modern floating casino in 2025. MINDACORP Company Invested Rs150 Million in Spark Minda Green Mobility Systems. UJJIVANSFB Bank Has Submitted the Formal Application to the Reserve Bank of India for Universal Banking License. CIPLA Company will invest approx. ZAR 900 million ( ₹ 414 Cr ) in equity share capital of Cipla Medpro South Africa Proprietary Limited SUNPHARMA Company gets tax GST penalty of Rs 160 cr ICICIGI Company received tax demand of Rs 1191.5 crore from the Additional Commissioner of CGST & Central Excise, Palghar Commissionerate. GODFRYPHLP Company received tax demand of Rs 82.9 crore from the Office of the Commissioner of CGST and Central Excise, Belapur. UNITDSPR Company received additional tax demand of Rs 147.4 crore from a revised Income Tax assessment order for FY 2014-15. ICRA Company has received an administrative warning from SEBI on February 4, 2025 regarding non-compliance with Regulation 14 RPSGVENT Guiltfree Industries received a tax demand of Rs. 78.28 Cr Quick Takeaways -  Increase in FDI limit in insurance sector to woo more foreign players: Moody's - India's passenger vehicle industry to see modest 1.5% growth in FY25: Report - Alphabet faces scrutiny on AI spending as Google cloud growth slows - Income tax cut unlikely to translate into higher auto sales, says Nomura - US FDA greenlights clinical trials for pig kidney transplants in humans