| Down almost 75 points in early trades, the Sensex was extremely volatile but recovered strongly to reverse the downslide, snapping its two-session losing streak. The Sensex touched a low of 5,870.99 and a high of 6,076.97 in intra-day trades. |
| The broader National Stock Exchange (NSE) S&P CNX Nifty index gained 34.70 points to close at 1,935.35. |
| Opening higher today morning, the Sensex slipped into negative territory immediately as selling continued amid concerns over the ban on investments through participatory notes (p-notes), according to market sources. |
| Players say that the focus is on quarterly performances of the corporate sector and though most results have been encouraging, the markets had lost almost 250 points in the last two trading sessions before today. |
| FII inflows so far this year have also been a slight source of worry as FIIs have brought in a total of Rs 1,976.60 crore so far in 2004. |
| Says a dealer from a local brokerage, "The markets have been expecting higher FII inflows and hence there is slight apprehension." |
| Heavyweights State Bank of India was up 3.80 per cent at Rs 659.60, ITC was up 1.66 per cent at Rs 1,140.35, Hindustan Lever was up 0.95 per cent at Rs 207.05 and Reliance Industries was up 0.88 per cent at Rs 585.85 contributing to the gains of the Sensex. |
| Tata Motors was up 4.42 per cent at Rs 509.45, Hero Honda Motor was up 4.95 per cent at Rs 486.30 and Bajaj Auto was up 1.79 per cent at Rs 1,057.50. |
| ACC was up 3.95 per cent at Rs 256.45, Gujarat Ambuja Cements was up 2.96 per cent at Rs 308.30 and L&T was up 1.77 per cent at Rs 536.70. |
| Pivotal Satyam Computer was up 2.84 per cent at Rs 332.95 but tech bellwether Infosys Tech was down 0.43 per cent at Rs 5,501.55. ICICI Bank was up 6.30 per cent at Rs 301.25. |
| Zee Telefilms was up 5.19 per cent at Rs 164.15. BHEL was up 1.81 per cent at Rs 562.50. |
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