A morning walk down Dalal Street | Further profit booking expected if Nifty closes below 11,655

The tussle between the bulls as well as the bears continued for the second day in a row but the good part is that both Sensex and Nifty closed above their crucial support levels which is a positive sign.

The trend is likely to continue but if Nifty closes below 11655 levels in Wednesday’s trading sessions there is a higher possibility of further profit booking. 

The initial public offer of state-owned Rail Vikas Nigam Ltd was subscribed 48 percent on the third day of bidding Tuesday.

In a shocking judgment, the Supreme Court has struck down the central bank's directions on the resolution of bad loans under the Insolvency and Bankruptcy Code (IBC), saying it is beyond the banking regulator's authority to issue such a mandate.