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Street signs: Nifty eyes 26K, demat flood breaks levee, HDB IPO fork

At the start of June, India's domestic markets were just 3 million dematerialised (demat) accounts short of the 200 million milestone

stock prices, Nifty Smallcap, stock market, initial public offering, IPO
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The HDB Financial Services initial public offering (IPO) has sharpened focus on a recurring dilemma — whether to apply under the retail or shareholder category.

Samie Modak Mumbai

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Ready, set, breakout: Nifty eyes 26K finish line  The Nifty last closed at 25,638, and technical analysts say a move beyond key resistance could carry it past the 26,000 mark. Nandish Shah, senior derivatives and technical research analyst at HDFC Securities, said a decisive close above 25,740 might set off the next leg higher, with 25,317 acting as immediate support. Dhupesh Dhameja, derivatives research analyst at Samco Securities, pointed to a strong weekly bullish candlestick, marked by a close above 25,500. “If the index sustains above 25,750, more gains are likely. A pullback to 25,500–25,400 would be seen as a