Evening Walk Down D-Street: Terrific Tuesday! Bulls push Nifty back above 11,200 levels
Episode 1188, May 14, 2019, 01:07 PM
From a terrible Tuesday, it turned out to be a terrific Tuesday as bulls took control of D-Street in the second half of the trading session, snapping nine-days of a bear grip, thanks to short coverings in beaten down sectors.
At close, the Sensex rallied 227 points to 37,318 and the Nifty ended 73 points higher at 11,222 levels.
On the sectoral front, the BSE Telecom index rose 2.8 percent, followed by the BSE Energy index (up 1.6 percent), and BSE Capital Goods index (up 1.4 percent). On the losing front, IT stocks came under pressure.
The broader market indices -- BSE Midcap and Smallcap -- too ended 0.6 percent and 0.3 percent higher, respectively.