A morning walk down Dalal Street | Close above 11,800 levels could propel Nifty towards record highs
Episode 1140, May 02, 2019, 01:30 AM
Bulls managed to push the index back above crucial support levels which was a positive sign. Although both Sensex and Nifty closed the day with marginal losses.
The final tally on D-Street -- the Sensex was down 35.78 points at 39031.55, while Nifty was down 6.50 points at 11748.20.
The broader market recovered from the low point but still sheds 1 percent in trade. The S&P BSE Midcap index closed 1.1 percent lower while the S&P BSE Smallcap index was down 1.27 percent.
On the macro front, India's infrastructure output grew 4.7 percent in March from a year earlier, government data showed on April 30. For the 2018/19 financial year, infrastructure output grew 4.3 percent from the previous year, according to the data.