The Sensex opened with a significant positive gap of 312 points at 9,277 following a double bonanza - RBI cutting rates and the government announcing stimulus package. The index, exhibited range-bound movement with a positive bias for most part of the trading day.
Significant weakess in the Reliance counter towards the close saw the index pare gains from a high of 9,432 and slip to a low of 9,096. The Sensex finally ended with a gain of 197 points at 9,163.
The BSE Realty index surged over 5% to 1,781. The Metal index rallied 3% to 4,781, and the Power index gained 2.8% at 1,694.
The market breadth was positive - out of 2,491 stocks traded so far, 1,381 advanced, 1,021 have declined and 89 were unchanged today.
INDEX MOVERS...
DLF zoomed 8.7% to Rs 221. Tata Steel soared over 7% to Rs 196.
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Bharti Airtel and HDFC surged over 5% each to Rs 701 and Rs 1,511, respectively.
Reliance Communications and Wipro rallied 5% each to Rs 207 and Rs 238, respectively. Reliance Infrastructure gained 4% at Rs 554.
Jaiprakash Associates moved up 3.5% to Rs 69. NTPC and ICICI Bank advanced over 3% each to Rs 166 and Rs 370, respectively.
SBI, Grasim and Tata Power were up nearly 3% each at Rs 1,168, Rs 966 and Rs 687, respectively.
...AND THE SHAKERS
Mahindra & Mahindra slipped 1.5% to Rs 248. Tata Motors and Satyam were the only other losers among the index stocks.
VALUE & VOLUME TOPPERS
Reliance topped the value chart with a turnover of Rs 282.50 crore followed by DLF (Rs 167 crore), SBI (Rs 157 crore), Tata Steel (Rs 149.40 crore) and ICICI Bank (Rs 133.25 crore).
Unitech led the volume chart with trades of around 2.40 crore shares followed by Suzlon (1.30 crore), GVK Power (1.11 crore), DLF (76.20 lakh) and Tata Steel (76 lakh).