Sensex zooms 134pts; Zee drops 7%

The Sensex opened marginally lower at 7,930 as against the previous close of 7,935, and dropped to a low of 7,901 in early deals. Buying at lower levels saw the index bounce, and zoom to a high of 8,081 towards the closing bell - an intra-day swing of 180 points. The Sensex finally closed with a gain of 134 points (1.7%) at 8,069.

All the sectoral indices, except BSE Healthcare, finished with gains. The BSE Consumer Durables Index zoomed 4.6% (100 points) to 2,259. The BSE FMCG Index was up nearly 3% (40 points) at 1,415.

The BSE Oil & Gas Index gained 2.5% (95 points) to 3,818. The BSE Auto, Metal, Teck, Bankex, SmallCap and MidCap indices also finished at higher levels today. The BSE Healthcare Index, however, was down marginally at 2,802.

Advances moved ahead of declines - out of 2,469 scrips traded, 1,235 moved up, 1,197 declined and 37 were unchanged today.

Reliance advanced 3% (Rs 22) to Rs 770. SBI gained over 2% (Rs 18) to Rs 887. ONGC was up Rs 17 at Rs 955.

ITC moved up 4% (Rs 5) to Rs 121, and HLL was up Rs 3 at Rs 171.

Wipro gained 4.5% (Rs 16) to Rs 386. Infosys was up Rs 14 at Rs 2,552. While TCS added Rs 13 to Rs 1,429, Satyam was up Rs 7 at Rs 594.

Hero Honda gained 6.6% (Rs 46) to Rs 744. Maruti moved up over 4% (Rs 22) to Rs 557. Tata Motors was up 2% (Rs 11) at Rs 513. Bajaj added Rs 17 to Rs 1,739.

Tata Power zoomed 8% (Rs 32) to Rs 432. BHEL advanced 3.6% (Rs 40) to Rs 1,163. Reliance Energy added Rs 11 to Rs 535.

Bharti moved up over 5% (Rs 17) to Rs 331. Dr. Reddy's was up Rs 14 at Rs 839. HDFC Bank, ICICI Bank and Tata Steel also finished with gains.

HDFC declined 2.8% (Rs 26) to Rs 925. L&T slipped 1.8% (Rs 24) to Rs 1,326. Grasim was down Rs 10 at Rs 1,113.

Jindal Stainless zoomed over 8% (Rs 9) to Rs 123. Sterling Biotech was up 8% at Rs 131. Aventia, Titan, Alok and VSNL also moved up today.

Zee declined over 7% (Rs 11) to Rs 144. Nicholas dropped 7% (Rs 17) to Rs 235. PNB, Bombay Dyeing, J&K Bank and Balaji Telefilms also declined.

Rama Newsprint, which announced plans to reduce equity by 75% yesterday, tanked 15% to Rs 10.

Reliance was the most active counter with a turnover of Rs 357 crore followed by Suzlon Energy (Rs 171 crore), SBI (Rs 165 crore), Satyam (Rs 153 crore) and Reliance Capital (Rs 126 crore).