Today’s Action Nifty, +1.8%; Sensex, +1.8%; Nifty Midcap, +1.9%; Nifty Smallcap, +1.9%; Model Portfolio, -2.6% Market Pulse Nifty gapped up to make an intraday high of 9,584 and in the process retook its 50-DMA (9,393). The market participants were enthused by the government’s package. However, it quickly succumbed to selling pressure and erased about 200 points. For the most part of the session, it traded in the range of 9,350–9,430 and closed slightly below its 50-DMA. In the broader market, both Nifty Midcap and Smallcap each closed 1.9% higher. Barring Nifty Pharma (-1.1%) and FMCG (-0.4%), all the sectoral indices closed in the green. Nifty PSU Bank (+6.1%) and Bank (+4.1%) were the major gainers followed by Nifty Pvt Bank, Realty, and Financial Services, with gains of around 3–4%. The advance-decline ratio was inclined toward decliners. Of 2,115 stocks traded, 1,324 advanced, 452 declined, and the remaining traded flat. However, we remain in a Confi