Sensex up 57pts, SBI zooms 4%

The Sensex opened with a huge positive gap of 64 points at 8,548 after Infosys announced its better-than-expected Q2 numbers before the start of trading.

After touching a high of 8,564, profit-taking at higher levels saw the index drift to a low of 8,382 - an intra-day swing of 182 points. Buying at lower levels again saw the Sensex finally close with a gain of 57 points (0.67%) at 8,541.

Infosys advanced 2.3% (Rs 61) to Rs 2,684. Satyam was up Rs 6 at Rs 599. While TCS was up Rs 19 at Rs 1,468, Wipro moved up Rs 4 to Rs 398.

SBI zoomed 3.7% (Rs 34) to Rs 937. ONGC advanced Rs 25 (2.4%) to Rs 1,054.  Reliance was up Rs 5 at Rs 788.

Tata Motors advanced 3.7% (Rs 20) to Rs 559. While Maruti was up 2% (Rs 13) at Rs 572, Bajaj added Rs 19 to Rs 1,753. Hero Honda, however, was down Rs 16 at Rs 729.

ACC moved up over 1% (Rs 6) to Rs 474. Bharti, HDFC, HDFC Bank and ICICI Bank also finished with gains.

Dr. Reddy's slipped over 3% (Rs 31) to Rs 937. Ranbaxy was down 2% (Rs 11) at Rs 489. BHEL declined Rs 22 to Rs 1,174. Grasim was down Rs 21 at Rs 1,265.