Bulls in beast mode, clean up D-Street losses

The NSE Nifty rose 307.95 points or 1.32% to close at 23,658.35. The BSE Sensex rose 1,078.87 points or 1.4% to end at 77,984.38. Both indices are up 5.1% in the six trading sessions. “Monday’s upside was due to a combination of short covering, and expectations of some relaxation or less punitive tariffs which were supposed to be implemented on April 2,” said Pankaj Pandey, head of retail research at ICICI Direct.