The Sensex gained the most in almost five weeks to
recoup some of the past week's losses, incurred after the Union Budget on July 6.
The Sensex had shed more than 1,400 points in the Budget week, followed by
another 100 points on Monday. The Sensex opened with a positive gap of 149
points at 13,549 on strong global cues. The index moved sideways till noon. It
surged to a high of 13,903, up 503 points from the previous close at the far end of
the day. Expectations that crops will benefit following the weather bureau's
monsoon forecast boosted sentiments
The market breadth was extremely positive. Out of 2,639 stocks traded, 1,956
advanced while only 602 declined. The rest were unchanged
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