Sensex swings 297pts, ends down 36pts

The Sensex opened with a huge positive gap of 105 points at 8,076, and touched a high of 8,135 in morning deals. Selling pressure in noon deals saw the index drop to a low of 7,838 - an intra-day swing of 297 points. The Sensex finally closed with a loss of 36 points at 7,935.

ITC slipped 3.6% (Rs 4) to Rs 116. ONGC declined Rs 9 to Rs 938. While SBI dropped over 2% (Rs 20) to Rs 868, Reliance was a tad higher at Rs 748.

Satyam, which reported a 34% rise in Q2 bottomline, gained over 5% (Rs 30) to Rs 588. While Infosys moved up Rs 38 to Rs 2,538, TCS was up Rs 14 at Rs 1,416.

Tata Power slipped over 5% (Rs 23) to Rs 400. BHEL lost 3% (Rs 38) to Rs 1,120.

 L&T declined over 2% (Rs 32) to Rs 1,350.

HDFC was down over 2% (Rs 22) at Rs 953. Grasim lost Rs 24 to Rs 1,124.

Relianc Energy gained 2.6% (Rs 13) to Rs 524. Hero Honda moved up 1.6% (Rs 11) to Rs 699. Dr. Reddy's was up Rs 8 at Rs 825.