Market review for July

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It was a lackluster end to the last day of the July F&O series as the market closed flat with moderate gains. It opened quiet and traded likewise for most part with no clear cues from global markets which continued to be sideways. Gainers in trade today were banking, realty and FMCG while capital goods, IT and metals saw profit booking. Sensex shut shop at 17992, up 34 points and Nifty at 5408, up 11 points from the previous close. CNX Midcap index was up 0.2% and BSE Smallcap index was down 0.1%. The market breadth was negative with advances at 588 against declines of 681 on the NSE. Top Nifty gainers were IDFC, HDFC and ICICI Bank while losers included Suzlon Energy, RCom and Sun Pharma.

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