Sensex ends up 77pts, Reliance gains 2%

After the 417pt rally yesterday, the Sensex opened with a marginal positive gap (16 points) at 14,858 on mixed cues from the global markets.

The index dropped to a low of 14,752 in early morning deals. Sustained buying in heavyweights like Reliance and Infosys saw the index zoom to a high of 14,952 in late noon deals - a gain of 110 points from the Monday close of 14,842 and just 48 points away from the 15,000-mark.

The Sensex finally closed with a gain of 77 points at 14,919.

The market breadth was bullish right through the day - out of 2,699 scrips traded, 1,562 logged gains today.

INDEX GAINERS & LOSERS

Reliance gained over 2.5% (Rs 47) to close at Rs 1,880.

Infosys moved up nearly 2% to Rs 1,882.

Hindalco closed with a gain of over 3% at Rs 153.

HDFC Bank and Satyam moved up over 2% each to Rs 1,152 and Rs 450 , respectively.

ITC and Grasim gained over 1% each at Rs 167 and Rs 2,865, respectively.

ICICI Bank dropped over 2% to Rs 862.  Tata Motors was down nearly 2% at Rs 663.

Ranbaxy, ONGC and SBI also declined today.

MOST ACTIVE COUNTERS

Everonn Systems was the most active counter with a turnover of Rs 234 crore followed by Take Solutions (Rs 231 crore), Reliance (Rs 151 crore), Tata Teleservices (Rs 104 crore) and ICICI Bank (Rs 101 crore).