A morning walk down Dalal Street | Nifty likely to be range bound, retest 10550-10500 levels

Geopolitical concerns have added to some uncertainty on D-Street especially after Pakistan Prime Minister Imran Khan's comments saying the country will retaliate if India launches military strikes in the aftermath of the Pulwama terror attack

Market displayed signs of sell on rallies markets as investors booked profits soon after it reclaimed 10700 levels. The fall was largely led by large-caps stocks which experts now feel that could see more pressure. 

The positive takeaways from Tuesday’s trading session was the fact that broader market outperformed benchmark indices.

Some bad news on the banking front. Financial institutions that have lent money to IL&FS group companies could be collectively staring at a write-off of nearly Rs 30,000 crore, a source told Moneycontrol. The Nifty Bank closed 0.1 percent higher on Tuesday.