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We fit the spectra of Cyg X-1 using two component advective flows with Keplerian accretion disks on the equatorial plane surrounded by sub-Keplerian disks when standing shocks are present. The soft photons generated by the bremsstrahlung and synchrotron processes in the sub-Keplerian flow, as well as the multi-colour black body emission from the Keplerian disk are Comptonized by the thermal and non-thermal electrons. By varying Keplerian and sub-Keplerian rates we are able to reproduce the observed soft and hard states as far as X-ray region is concerned and ‘low γ-ray intensity' and ‘high γ-ray intensity' states as far as the soft γ-ray region is concerned. We also find two pivotal points where the spectra intersect as is observed in Cyg X-1. [ABSTRACT FROM AUTHOR]

Magnetized accretion flows around black holes which include standing or oscillating shock waves can produce very realistic spectrum till a few MeV. These shocks accelerate hot electrons which produce power-law spectrum. The post-shock region intercepts soft-photons from an external source, namely, a Keplerian disk and also from distributed sources such as the synchrotron photons emitted from thermal and non-thermal electrons originated in the pre-shock and post-shock flow. These photons are inverse Comptonized by the thermal and the non-thermal electrons present in the CENBOL region. Computations show that the emitted radiation is extended till a few MeV. We include the bulk motion Comptonization as well and discuss its importance vis-a-vis the power-law spectrum produced by non-thermal electrons. [ABSTRACT FROM AUTHOR]