Sensex soars 212pts, Wipro zooms 8%

After opening with a positive gap of 34 points at 9272, the Sensex did not bother to look back today. Continued buying saw the index scale higher levels as the day progressed.

Frenzied buying towards the close saw the index zoom to a high of 9474 before settling with a significant gain of 2.3% (212 points) at 9450. The index thus registered its highest gain in the last four months.

The BSE Teck and Metal indices rallied 3.3% each to 2412 and 6667, respectively. While the BSE Smallcap index soared 3% to 6255, the Midcap index surged 2.2% to 4660.

Advances beat declines 3.7:1 - out of 2,566 stocks traded, 1,983 advanced, 531 declined and the rest were unchanged today.

Wipro was the star of the day. Following its gains yesterday on the back of the company's Q3 performance, the stock vaulted to a high of Rs 503. The stock finally ended with a whopping gain of 7.7% at Rs 497.

Satyam surged 3.7% to Rs 748, and Infosys added 3.2% to Rs 2,824. TCS gained 2% at Rs 1,650.

Bharti Tele zoomed 5.7% to Rs 349. BHEL rallied 3.7% to Rs 1,520. Larsen & Toubro gained over 3% to Rs 1,900.

Reliance moved up 1.5% to Rs 704. Reliance Energy jumped 3.5% to Rs 621.

Hindalco spurted over 4% to Rs 158, and Tata Steel surged nearly 3% to Rs 361.

While HLL gained 2% at Rs 188, ITC moved up 1.6% to Rs 143.

Tata Motors zoomed 4.3% to Rs 644. Maruti advanced 2.6% to Rs 661. Bajaj Auto and Hero Honda gained 1% each at Rs 2,038 and Rs 841, respectively.

HDFC added 2.6% to Rs 1,180. ICICI Bank advanced 1.8% to Rs 569, and SBI moved up 1.7% to Rs 908. HDFC Bank, however, was down 0.6% at Rs 732.

NTPC gained 2.6% to Rs 113, and Tata Power was up 1% at Rs 452.

ACC spurted 1.5% to Rs 548. Grasim at Rs 1,431 and Gujarat Ambuja at Rs 91 gained 1% each.

Jet, which announced a $500 million to acquire Sahara Airlines, hit a high of Rs 1,199 - a gain of 6.2% over its previous close of Rs 1,129. The scrip finally closed with a gain of 1.9% (Rs 21) at Rs 1,150.

The counter logged a huge volume of over 2.89 lakh shares on the BSE as against the two-week average quantity of 90,000 shares.

The counter logged a volume of over 8.52 lakh shares on the NSE today.

Saregama and Oudh Sugars hit the maximum upper limit of 20% at Rs 324 and Rs 202, respectively. Gayatri Sugar, Rana Sugar, PBA Infrastructure, Bata, Timken, GTC, Upper Ganges and Reliance Industrial Infra ended with huge gains.

Nandan Exim and Siel dropped over 4% each to Rs 13.68 and Rs 70, respectively. Sona Koya, Trent, Macmillan, Nicholas Piramal, Proctor & Gamble, IPCA Labs, Gujarat Gas, Punjab Tractors, Micro Inks and ICI India also declined.

Reliance topped the value chart with a turnover of Rs 323.18 crore followed by ONGC (Rs 174.98 crore), Reliance Capital (Rs 89.12 crore), Titan (Rs 82.27 crore) and SBI (Rs 79 crore).

Rana Sugars topped the volume chart with trades of around 88.87 lakh shares followed by Gayatri Sugars (81.31 lakh shares), PBA Infrastructure (51.34 lakh shares), Reliance (46.24 lakh shares) and SAIL (44.40 lakh shares).