New Delhi, July 22 -- Strong gains in major banking stocks such as HDFC Bank and ICICI Bank lifted the Indian market benchmarks - Sensex and Nifty 50 - on Monday, July 21, helping them snap a two-day losing streak despite mixed global signals.

The Sensex advanced by 443 points, or 0.54 per cent, to settle at 82,200.34, while the Nifty 50 gained 122 points, or 0.49 per cent, to close at 25,090.70. The BSE Midcap index also climbed 0.55 per cent, mirroring the benchmarks, whereas the BSE Smallcap index closed on a flat note.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market is indicating a trend reversal as the Nifty 50 index has bounced back strongly after inching close to 50-DEMA support of 24,900....