Markets End in Green; Buying in Index Heavyweights Witnessed

Buying in heavyweights has helped the markets to witness bounce back in the later hours of trade. The Sensex recovered 208 points from the day's low to touch a high of 18,690. The BSE benchmark finally ended up 146 points at 18,481. Nifty ended at 5,614 - up 47 points. Gains in the European markets triggered by strong corporate results helped the Indian bourses gain. A meeting of euro-zone leaders is scheduled on Thursday to finalize a bailout package for Greece. CAC has jumped 1% to 3,690. DAX is up 1.5% while FTSE has gained 0.5% ion early trades. Analysts expect the Reserve Bank of India (RBI) to raise key policy rates once again in its first quarter review of the monetary policy on July 26. The move is expected in lieu of the high inflation figures which the government is trying to control. The BSE market breadth was marginally positive. Out of 3,004 stocks traded, 1,642 advanced while 1,228 declined in trades.