The Sensex opened with a negative gap of 275 points at 9,371, and soon slipped to a low of 9,282 owing to weak global cues. The index, thereafter, exhibited range-bound movement in morning trades.
Global markets were singificantly down today after the US Senate failed to reach an agreement on the auto bailout package. Negative IIP numbers, too, threathened to take index to lower levels.
However, the index soon recovered on the back of fresh buying in Reliance. The recovery intensified as buying spread to select other stocks . The index rebounded in the positive zone and rallied to a high of 9,746 - up 464 points from the day's low.
The Sensex finally ended with a gain of 45 points at 9,690.
The BSE Realty index surged 4% to 2,128. The Consumber Durables index rallied 3% to 1,743, and the Oil & Gas index gained 2.3% at 6,145. On the other hand, the IT index plunged nearly 3% to 2,291.
The market breadth was fairly positive - out of 2,479 stocks traded, 1,544 advanced, 853 declined and the rest were unchanged today.
INDEX MOVERS...
DLF zoomed 7.7% to Rs 277, and Reliance Infrastructure soared 7% to Rs 648.
Reliance Communications surged over 4% to Rs 249. Reliance rallied 3.8% to Rs 1,306.
Hindalco gained over 3% at Rs 53. Tata Power advanced 2.7% to Rs 751, and Mahindra & Mahindra added 2.3% to Rs 293.
Jaiprakash Associates and HDFC moved up 1.8% each to Rs 84 and Rs 1,636, respectively.
SBI and ICICI Bank were up 1.3% each at Rs 1,215 and Rs 411, respectively.
...AND THE SHAKERS
TCS slumped 5% to Rs 482, and Wipro plunged 4.5% to Rs 239.
Tata Motors tumbled 4% to Rs 154. ONGC and Bharti Airtel shed 2.7% each at Rs 646 and Rs 722, respectively.
Infosys dropped 2.5% to Rs 1,107. Satyam slipped 1.6% to Rs 221.
NTPC and BHEL were down over 1% each at Rs 165 and Rs 1,360, respectively.
MOST ACTIVE COUNTERS
Reliance topped the value chart with a turnover of Rs 499.35 crore followed by Reliance Natural Resources (Rs 300.30 crore), Reliance Capital (Rs 299.50 crore), DLF (Rs 207 crore) and Reliance Infrastructure (Rs 185.50 crore).
Reliance Natural Resources led the volume chart with trades of around 5.37 crore shares followed by IFCI (1.87 crore), Suzlon (1.75 crore), Unitech (1.50 crore) and Reliance Petroleum (1.41 crore).
