Evening Walk Down Dalal Street

What a day for Indian markets as Nifty50 climbed 11,000 levels for the first time since February 2019, but experts feel that it might be too early to call this as a pre-election rally.

The Nifty closed above its crucial 200-days moving average (DMA) placed at 10865 for the second consecutive day in a row. Supertrend indicator also gave a buy signal on the daily charts.

The final tally on D-Street – the S&P BSE Sensex closed 193 points higher at 36,636 while the Nifty50 ended 65 points up at 11053.