A morning walk down Dalal Street | Close below 11,550 could drag Nifty lower towards 11,500-11,520

The tug of war between the bulls as well as bears continued. However, bulls failed to maintain their lead as bears took lead in pushing the index lower towards crucial support levels in the second half of the session on Wednesday.

The index witnessed selling pressure in the second half of the session after starting on a positive note largely on account of weak global cues. Investors also remained cautious ahead of central elections and US-Europe trade tensions, suggest experts. 

The final tally on D-Street – the S&P BSE Sensex 353 points lower at 38,585 while the Nifty50 dropped 87 points to close at 11584.

The broader market indices outperformed with BSE Midcap ending lower by 0.3%, while BSE-Smallcap closed on a flat note.