Nifty reclaims 8,500-level, ends higher by 37 points

Market rebounded from its early slide with remarkable grace during final-hour trade to end above the crucial 8,522.15, garnering 37.25 points at the National Stock Exchange (NSE).
Equities fell across the globe reacting to Greece voters rejection of strict austerity measures in bailout package.
The domestic bources also witnessed volatility most of the session with index opening gap down 8,386.15.
The fag-end session saw the market recouping most of its losses on the back hectic value buying in key heavy weights amid tinge of shortcovering, also data of good FII buying also lifted the sentiment.
Buying was witnessed in Pharma, PSU Banks, Realty, FMCG, Energy and Banking counters, while broader market outperformed the key indices with shares of midcap and smallcap companies gaining nearly 2 per cent.

The 50-share barometer opened gap down at 8,386.15 and rebounded to high of 8,533.15 before ending at 8,522.15, registering a gain of 37.25, or 0.44 per cent.

Elsewhere, barrring China, most of the Asian markets ended down, while European markets are opened lower.
Stockwise major gainers were Dr Reddy 3.59 per cent, Cipla 3.51 per cent, BPCL 3.10 per cent, ACC 1.66 per cent and Bank of Baroda 1.56 per cent.
While losers include, VEDL 4.19 per cent, NMDC 1.87 per cent, Techm 1.49 per cent and Hindalco 1.40 per cent.
Turnover in the cash segment climbed to Rs 14,586.81 crore against Rs 12,975.99 crore last Friday.

A total of 8,621.86 lakh shares changed hands in 67,44,914 trades and the total market capitalisation of the NSE stood at Rs 10,071,096 crore.