An evening walk down Dalal Street on March 12, 2019

It was a terrific Tuesday for D-Street as Sensex rallied by nearly 500 points while Nifty50 reclaimed 11,300, registering a fresh 6-month closing high.

Fireworks were seen in the banking space as NiftyBank hit a fresh record high of 28,488 led by gains in IndusInd Bank, ICICI Bank, HDFC Bank, Kotak Bank and Axis Bank.

The rally was broad-based across all sectors barring IT which closed mildly in the red weighed by a rise in rupee against the USD. The rupee gained strength, past 70 per dollar, thanks to the increase in foreign inflows and drop in yield.