Sensex ends at 12,071, up 62pts

The Sensex opened almost flat at 12,006, down four points. The index, however, soon surged to higher levels. Fresh buying in opening trades saw the index rally to a high of 12,115.

The index, however, then lost momentum and exhibited range-bound movement for rest of the day. FMCG and pharma stocks were in demand, while metal and oil & gas indices witnessed selling pressure.

The Sensex finally settled with a gain of 62 points at 12,071. The index has gained 4.5% (520 points) in the last five trading sessions following last Monday's 368 point sharp fall.