Sensex gains 130pts; SBI, ITC rally

Tracking weakness in the global markets, the Sensex opened with a negative gap of 54 points at 10,991, and soon tumbled to a low of 10,939.

Fresh buying at lower levels saw the index recoup all its loss and rebound into positive zone. Buying gained momentum in early noon deals, and the index rallied to a high of 11,188 - up 249 points from the day's low.

Some profit-taking towards the close saw the index end with a gain of 130 points at 11,145.

While the BSE Mid-cap index surged 2% to 4498, the Small-cap index added 1.7% to 5387.

The FMCG, Auto and Metal indices gained around 2% each at 1935, 4689 and 8055, respectively.

The market breadth was positive - out of 2,477 stocks traded, 1,669 advanced, 726 declined and 82 were unchanged today.

INDEX MOVERS & SHAKERS

SBI zoomed 4% to Rs 865. ITC and Tata Motors rallied 3.7% each to Rs 179 and Rs 794, respectively.

Reliance Communications and Satyam gained around 3% each at Rs 287 and Rs 765, respectively. Hindalco added 2.3% to Rs 164.

Dr.Reddy's and Gujarat Ambuja were up nearly 2% each at Rs 1,445 and Rs 107, respectively.

Larsen & Toubro, Hero Honda and Maruti moved up 1.5% each.

Tata Steel, TCS, ONGC, Infosys, Ranbaxy, Reliance Energy, Bajaj Auto and Reliance were the other gainers today.

ICICI Bank slipped nearly 1% to Rs 590. HDFC and HDFC Bank also declined.

VALUE & VOLUME TOPPERS

Reliance topped the value chart with a turnover of Rs 147.15 crore followed by Tata Steel (Rs 107 crore), SBI (Rs 86 crore), Balrampur Chini (Rs 82.10 crore) and Indiabulls (Rs 77 crore).

Balrampur Chini led the volume chart with trades of around 71 lakh shares followed by G V Films (34.79 lakh), SAIL (30.20 lakh), Indiabulls (28.50 lakh) and Dhampur Sugar (22 lakh).