Bounce.... The Sensex, tracking the Wall Street decline and the Asian market blues, opened with a huge negative gap of 425 points at 14,675. And immediately dropped to a low of 14,571 in morning deals - a massive drop of 529 points from the previous close.Buying at lower levels, specially in tech scrips and heavyweights like Reliance, saw the index marginally shrug-off the US subprime woes and close with a loss of 232 points (1.5%) at 14,868.The BSE Bankex, Metal and Realty indices dropped over 2% each to 7774, 10,864 and 7263, respectively. The BSE IT index bucked the trend, and was up nearly 1% at 4774.The market breadth was marginally negative at close after being extremely bearish in morning trades. Out of 2,660 scrips traded today, 1,591 declined and 1,023 logged gains.INDEX LOSERS...Bharti dropped 3.5% to Rs 839. Reliance Communications slipped nearly 3% to Rs 521.HDFC declined over 3% to Rs 1,947. Hindalco also slipped 3% to Rs 151.ICICI Bank and SBI were down over 2% each at Rs 866 and Rs 1,607, respectively. NTPC, ONGC, HUL and Tata Steel also slipped over 2% each today.Reliance closed with a loss of 1.7% (Rs 31) at Rs 1,811.... AND GAINERSSatyam gained over 2.6% to close at Rs 479. Infosys added nearly 1% at Rs 1,952.Bajaj moved up over 1% to Rs 2,319, and Tata Motors was up 1% at Rs 669.MOST ACTIVE COUNTERSOrbit Corporation was the most active counter with a turnover of Rs 317 crore followed by IFCI (Rs 232 crore), DLF (Rs 171 crore), Reliance (Rs 165 crore) and Omaxe (Rs 138 crore).
