quick review

       Markets witnessed a smart bounce-back on Monday after posting their biggest falls in nearly 3-1/2 weeks, in previous trading session as part of a global market rout. Sentiment remained upbeat right from the start of trade as market-participants lapped up fundamentally strong stocks which were available at lucrative valuation after last sessions’ sell-off. In the extremely solid session of gains, both Sensex and Nifty gradually gaining ground concluded at day’s high point, amassing gains of around a percent, which took both Sensex and Nifty above the psychologically crucial 25,700 and 7,650 levels respectively. Meanwhile, broader indices also imitating similar trend, ended upbeat with gains of around a percent on the back of supportive global cues.
      Closer home, with buying being broad-based in nature, none of the sectoral indices ended in green terrain, however, stocks from healthcare counter turned out to be only exception. However, even sugar stocks turned sour in today’s trade after reports suggested of battle between Uttar Pradesh government and the state’s sugar mill likely intensifying further as the deadline set by the latter for corrective action expired on July 31.   

      The BSE Sensex surged 242.32 points or 0.95% to settle at 25723.16. The index touched a high and a low of 25754.42 and 25531.38 respectively. 25 stocks gained against 5 declines on the index. (Provisional).

      The BSE Mid cap and Small cap indices too ended in the green, the BSE Midcap was up by 0.90%, while the BSE Small cap index was higher by 1.10%. (Provisional) 
      On the BSE sectoral front, Consumer Durables down by 3.20%, IT down by 2.08%, TECk down by 1.73%, Power down by 1.73% and Capital Goods down by 1.57% were the major gainers in the space, while Healthcare down by 0.10% remained the lone loser on the sectoral space. (Provisional)

     The top gainers on the Sensex were Infosys up by 3.66%, Hindalco up by 3.12%, SSLT up by 2.44%, Wipro up by 2.42% and Maruti Suzuki was up by 2.40%. On the flip side, Sun Pharma down by 0.98%, HDFC down by 0.81%, Bharti Airtel down by 0.71%, HDFC Bank down by 0.26% and Cipla down by 0.24% were the major losers. (Provisional)

      The CNX Nifty ended higher by 84.80 points or 1.12% to settle at 7,687.40. The index touched high and low of 7,694.80 and 7,622.05 respectively. 44 stocks ended in the green against 6 stocks ending in red. (Provisional)

      The major gainers of the Nifty were BPCL up by 4.70%, Hindalco up by 4.40%, Infosys up by 3.56%, NMDC up by 3.36% and Jindal Steel was up by 3.29%. On the flip side, the key losers were HDFC down by 0.91%, Sun Pharma down by 0.88%, Bharti Airtel down by 0.50%, Cipla down by 0.40% and HDFC Bank down by 0.30%. (Provisional).