HDFC, HDFC Bank, ICICI Bank, SBI, TCS and Maruti Suzuki were top contributors to Sensex's gains while Dr Reddy's Labs fell nearly 4 percent ahead of first quarter earnings due on July 26.
Speaking to CNBC-TV18 Consulting Editor Udayan Mukherjee believes that Axis Bank's poor numbers have been muted. He believes that in a different kind of a set-up, the bank would have fallen badly. The bank should trade below Rs 500, he said, adding that there are wrinkles in the bank and HDFC Bank's numbers.
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