The Sensex opened almost flat at 8,447 - down four points. The index, however, moved up on the back of renewed buying in banking and technology stocks.
Intra-day profit-taking saw the index pare gains and touch a low of 8,442. The Sensex soon rebounded and surged to a high of 8,988 towards the fag end of the day.
The Sensex finally ended with a gain of 464 points at 8,915 - thereby breaking its seven-day losing streak wherein the index had slumped almost 20% (2,085 points).
The BSE Power index surged over 6% to 1,589. The Oil & Gas and Capital Goods index rallied 5.5% each to 5,551 and 6,556, respectively.
The market breadth was marginally negative - out of 2,566 stocks traded, 1,293 declined, 1,177 advanced and the rest were unchanged today.
INDEX MOVERS...
Reliance Infrastructure zoomed 14% to Rs 485. Reliance Communications soared 13.6% to Rs 207.
Sterlite, NTPC and Maruti surged around 9% each to Rs 219, Rs 150 and Rs 525, respectively.
HDFC rallied 8.5% to Rs 1,183. SBI and TCS gained around 8% each at Rs 1,399 and Rs 507, respectively.
BHEL and Larsen & Toubro moved up around 7% each to Rs 1,281 and Rs 760, respectively.
Reliance advanced 6.5% to Rs 1,127. ONGC added 6% to Rs 690.
Tata Motors, Infosys, ICICI Bank, Wipro, Bharti Airtel, HDFC Bank, Grasim and Hindalco were the other major gainers.
...AND THE SHAKERS
DLF shed 3.4% at Rs 198. Jaiprakash Associates and ACC slipped 2% each to Rs 58 and Rs 399, respectively.
VALUE & VOLUME TOPPERS
Reliance topped the value chart with a turnover of Rs 344 crore followed by Reliance Capital (Rs 184 crore), ICICI Bank (Rs 176.50 crore), SBI (Rs 162 crore) and DLF (Rs 140 crore).
Unitech led the volume chart with trades of over two crore shares followed by GVK Power (1.71 crore), Suzlon (1.51 crore), Reliance Natural Resources (1.33 crore) and DLF (71.85 lakh).
