Sensex ends up 124pts at 10,742

The Sensex opened with a positive gap of 55 points at 10,672. Continued buying backed by solid earnings growth saw the index rally to higher levels as the day progressed.

Poor Q1 numbers from SBI triggered some profit taking in the market wherein the index slipped in the red to a low of 10,590. However, the index bounced back into the positive zone and surged back to higher levels.

Huge short-covering owing to the July derivatives expiry saw the index zoom to a high of 10,763 - up 173 points from the day's low. The Sensex finally ended with a gain of 124 points at 10,742.