A morning walk down Dalal Street | Selling pressure can drag Nifty towards crucial support at 10,440

The Nifty50 recouped morning losses and climbed 10,500-10,550 levels to close just a shade below its crucial resistance levels of 10,600 levels on Tuesday while for Sensex it reclaimed 35,000 levels.

Robust IIP data for the month of September, cool off in inflation numbers as well as fall in crude oil prices added to the tailwind. 

Sectorally, energy, infra, metals, banks and automobiles were the top gainers, while pain was seen in the pharma space.

Technically, most experts feel that Nifty should ideally close above 10650-10700 levels, else the selling pressure could drag the index towards crucial support placed at 10,440-10,333 levels.