A morning walk down Dalal Street | Close above 11,700 would take Nifty towards 11,772-11,798 levels

Bulls remained in control of D-Street for the third consecutive day in a row.

But, selling pressure at higher levels spoiled the party as index closed slightly above its opening levels making a ‘Spinning Top’ kind of pattern on the charts

The S&P BSE Sensex closed with gains of over 80 points while Nifty50 failed to hold on to 11700 levels on closing basis| But, the momentum still remains intact as the index is making higher high and higher low

The broader markets underperformed the benchmark with BSE Midcap and BSE Smallcap ending lower by 0.2% and 0.1% respectively.

The sectoral indices witnessed mixed trend. While Consumer Durables, Oil and Gas and Auto ended with losses of around 0.4-1%, the other indices including FMCG, IT and Banking ended with healthy gains.