Markets may react to the announcements made by the Finance Minister in early trades on Tuesday which were primarily focused on boosting the economic recovery and supporting the vulnerable sectors and individuals impacted due to COVID.
After breaching all-time high of 15900, the market witnessed some lackluster movement and an attempt to hold the support level above the Nifty 50 Index level of 15800.
Divis Labs, Dr Reddys Labs, Hindalco, Tata Steel and Tech Mahindra were among major gainers on the Nifty.
Among sectors, Nifty PSU Bank, pharma and metal indices gained 1-2 percent, while IT, energy and infra indices witnessed selling pressure.
Dodla dairy, a South based dairy firm, had a strong listing today with 28% premium at Rs 550/share against its issue price of Rs 428/share.
Dodla Dairy is one of the leading dairy firm in Southern India and is the third-largest player in terms of milk procurement per day.
The issue was reasonably priced at 16.4x FY21 P/E vis-à-vis its peers, which also led to strong interest in the counter apart from its presence in niche space.