A morning walk down Dalal Street | Stay cautious before taking big positions

The final tally – the S&P BSE Sensex closed 216 points higher at 37,752 while the Nifty50 ended at 11,341, up 40.50 points. Experts see the rally extending towards 11400-11500 levels supported by banks, and heavyweight stocks.

The broader market indices underperformed the benchmark with BSE Midcap & Smallcap closing lower by 0.4% and 0.3% respectively. 

On the sectoral front, banks, realty, energy ended with gains, while metals, telecom, and healthcare stocks witnessed selling pressure.

After a recent smart recovery from the lows, some consolidation could take place in the coming sessions, suggest experts. The market participants would continue to focus on the progress of US-China trade talks, Brexit deal, crude oil price, and currency movement.