Sensex, Nifty surge 9% in a month. Will the up move sustain in August?

After frontline indices rallied 9 per cent each in the last one month, analysts believe that the strong foreign inflows after nine months of relentless selling brought upswing to the markets.

It has been a good run for the markets since the past few days with the S&P BSE Sensex and the Nifty50 rising over 9 per cent each in the last one month. Gains in the mid-and small-caps have been sharper with both these indexes surging around 12 per cent and 10 per cent during this period.

But, will the rally seen in the past one month sustain, or is this a short-term bounce that will eventually get sold into?

The 9 per