Newly-appointed interim Infosys Chief Executive Officer (CEO) U B Pravin Rao (right) with co-chairman Ravi Venkatesan in Bengaluru. Pic/PTI

It was a four day trading week with Tuesday being a holiday because of Independence Day. The markets staged a recovery but they are certainly not out of the woods as yet. The markets need to consolidate and move on after forming a base at these levels. The BSESENSEX gained 311.09 points or 1.00 per cent to close at 31,524.68 points. NIFTY gained 126.60 points or 1.76 per cent to close at 9,837.40 points. The broader indices such as the BSE100, BSE200 and BSE500 gained 1.52 per cent, 1.76 per cent and 1.95 per cent respectively. The top sectoral gainer was BSEREALTY up 6.60 per cent followed by BSEMETAL 5.39 per cent and BSEFMCG 3.73 per cent. The top loser was BSEIT down 1.82 per cent followed by BSETECH 0.92 per cent.