Early on D-Street | Rangebound trade likely until Nifty breaches 12,000 level

The Indian market ended with healthy gains on Tuesday, November 19, after witnessing a mild correction in the previous session.

Positive global sentiment and gains in shares of PSU banks and telecom players kept the market in the green.

"Market moved higher on the back of media updates on the PSU disinvestment front. Telecom shares surged on proposals to raise tariffs from December," said Deepak Jasani, Head of Retail Research at HDFC securities.

He said, with Nifty showing signs of consolidation at current levels, traders will need to watch if the index can hold above the immediate supports of 11,881-11,802 in the near-term. On up-moves, 11,972 could offer resistance.

Sensex settled 186 points, or 0.46 percent, up at 40,469.70, while Nifty finished with a gain of 56 points, or 0.47 percent, at 11,940.10.

Reliance Industries emerged as the top contributor to the gains in Sensex, followed by Bharti Airtel, Axis Bank and HDFC Bank.