A morning walk down Dalal Street | Bulls to take control only if Nifty closes above 10774

Global cues suggested a muted opening but bulls managed to take control in the second half of the trading session despite muted trend seen in Asian as well as European markets.

The final tally: The S&P BSE Sensex rallied 159 points higher at 35,513 while the Nifty50 closed 57 points higher at 10,685. 

A rally among PSU banks, energy names as well as IT boosted the market while on the losing front, healthcare, metal, and telecom stocks some bit of selling pressure.

After Morgan Stanley report on India which lifted sentiments, global investment firm HSBC raised India rating to neutral from underweight as investor holdings are very low on Tuesday. 

Valuations are more reasonable and HSBC sees strong earnings growth in 2019 .