Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Markets crashed due to domestic worries; bluechip stocks tanked too.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
The weather office on Monday forecast heavy to very heavy rainfall over the next three days over some parts of Uttarakhand, which is still recovering from a deluge last week that is feared to have taken over 1,000 lives.
The trend still looks bullish but there are bursts of profit-booking above 7,250.
Markets end in green with auto, banks on a steady climb.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
