Stock Market Highlights Today: Nifty forms Bearish Belt Hold candle; analysts see immediate support at 15,800-15,750

 Stock Market Highlights Today: Nifty forms Bearish Belt Hold candle; analysts see immediate support at 15,800-15,750

After starting today’s session at fresh record highs, domestic equity benchmarks Sensex and Nifty were under pressure later on in the day. Midcap and smallcap indices, however, continued to rally. Sectorally, metals, pharma and PSU banks were in high demand. Top Nifty gainers included Divi’s Lab, ONGC, Adani Ports and Tata Steel. On the other hand, HDFC Life, TCS, Bajaj Finserv, Titan and HCL Tech were among the top laggards on Nifty. Dodla Dairy and KIMS made a strong debut on Dalal Street today as both listed at premiums of above 20 per cent.

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A lot of thought seems to have gone into FM’s announcements with a wide spectrum of the population intended to get reliefs. Although the total impact amount seems large at around Rs 6.29 lakh crore, a large portion of this is by way of credit guarantee schemes where there is no immediate outflow. However, the provision of credit guarantee oils the…

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