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FMCG, infrastructure, metal and realty stocks had some weaknesss. * IT stocks have gains. * Bank Nifty also closed with 1 per cent gain. * Sensex rose 191.68 points or 0.69 per cent and closed at 27837. * Nifty gained 57.60 points or 0.69 per cent and closed at 8423.

Today Asian markets are facing weakness. While in Europe there is a fear of Breksit again. US markets were closed yesterday on the occasion of Independence Day. Read more here- http://www.onlinesharetradingtips.in/asian-markets-stock-tips-today/

Wall Street ended higher today as all sectors closed with gains. Utilities, Financials and Industrial stocks led the better performers today. Gold fell hard after failing to maintain record highs.

Stocks pushed higher for the fourth consecutive day as the market hinges hopes that the euro crisis could be easing. Economic data in the U.S., however, showed more softness.

Weak regional markets and S&P's downgrade of Spain's sovereign rating brought an end to Hong Kong's sharp six-day rally. Chinese inflation figures came out in line with expectations at 6.1%.

Phone companies were in the spotlight as companies from Apple to Motorola and Sprint seemed to have something to report on. Sales of the new Iphone 4S were also a matter of speculation as many expect the pre-order to serve as a reflection of Cook's capability as Apple's CEO.

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We are familiar with basic terminologies such as the bull market, bear market, and correction. In simple terms, a "bull market" is when the market moves higher and a "bear market" is when the market moves lower. However, one needs to understand that a new follow-through day and short-term uptrend do not necessarily signal a bull market. Similarly, short-term downtrend does not necessarily indicate a new bear market. These are common stock market misconceptions.