Market Closing Podcast on July 09, 2018

Equity benchmarks began the week on a strong note on Monday, gaining over 0.70 percent on positive global cues and ahead of June quarter earnings. Banks and metals stocks, and Reliance Industries, L&T and Infosys drove the market higher.

In the broader markets, midcaps had a good day of trade as they outperformed frontliners. The Nifty Midcap index surged 291 points. There was a last hour surge seen in these stocks that led to this upmove on D-Street.

Meanwhile, banks too gained, led by gains in names such as Karnataka Bank, which was up over 7 percent in the trade.

The Sensex ended higher by 276.86 points or 0.78 percent at 35,934.72, while the Nifty was up 80.20 points or 0.74 percent at 10,852.90. The market breadth was positive as 1,723 shares advanced, against a decline of 892 shares, while 163 shares are unchanged.

Yes Bank, Asian Paints, and Vedanta were the top gainers, while TCS, Airtel, and UltraTech Cement lost the most.

Private sector lender IndusInd Bank and software services exporter TCS will begin June quarter earnings season on Tuesday.