Mirroring weakness in other Asian markets, the Sensex opened with a negative gap of 93 points at 14,852, and slip to a low of 14,715. Fresh buying at lower levels helped the index recover as the day progressed.
The index, in mid-noon, trades rebounded into the positive zone and touched a high of 14,998 - up 283 points from the day's low. The index, however, could not hold gains and slipped back into red.
The Sensex finally ended with a loss of 44 points at 14,901.
The market breadth was negative - out of 2,711 stocks traded, 1,446 declined and 1,193 advanced today.
INDEX SHAKERS...
Sterlite slumped 7.5% to Rs 576 while the parent company today announced its restructuring plans.
Tata Motors plunged 3.7% to Rs 420. BHEL shed 2.5% at Rs 1,747.
SBI dropped 2% to Rs 1,561. Ranbaxy and DLF declined 1.7% each to Rs 456 and Rs 504, respectively.
Mahindra & Mahindra and Tata Power slipped around 1.5% each to Rs 582 and Rs 1,087, respectively.
ICICI Bank, ITC and NTPC were down 1% each at Rs 713, Rs 195 and Rs 180, respectively.
...AND THE MOVERS
Maruti and Bharti Airtel rallied over 2% each to Rs 708 and Rs 836, respectively.
Reliance Communications surged 1.7% to Rs 405, and TCS added 1.3% to Rs 866.
Reliance Infrastructure was up over 1% at Rs 1,071.
VALUE & VOLUME TOPPERS
Resurgee Mines & Minerals topped the value chart with a turnover of Rs 262.80 crore followed by Austral Coke (Rs 239.50 crore), Reliance (Rs 172.35 crore), Reliance Capital (Rs 155.25 crore) and Gokul Refoils (Rs 153.85 crore).
IFCI led the volume chart with trades of around 2.15 crore shares followed by Austral Coke (1.06 crore), Resurgee Mines & Minerals (86.50 lakh), Reliance Natural Resources (74.15 lakh) and Reliance Power (58 lakh).
