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Bulls have shown some strength to taken nifty back to recovery zone & finally closed the day above 11300 mark. Market took positive cues from the speculations that policymakers around the world would move to ease the economic fallout due to rapidly spreading coronavirus, ahead of a conference call by Group of Seven heads. Finance ministers from the group are expected to hold a conference call today. Efforts on developing drugs for treating Covid-19 are showing some results. Drugs to treat the novel coronavirus could be available by this summer or fall, US Vice President Mike Pence said on Monday. The Sensex rallied 480 points to settle at 38623 while Nifty ended at 11303, up 170 points. Nifty started the day from 11217 made a high of 11342 and low of 11152.