The Sensex opened marginally (15 points) lower at 14,563 and moved down by 42 points in early trade today on small selling activity in banking and metal stocks. The trading sentiment turned sluggish following reports of a weak trend in global markets.
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The index gyrated between zones till mid-noon trades wherein the index touched a low of 14,529. Aggressive buying on the back of further drop in crude oil prices saw the index rally sharply in late noon trades. The US crude oil dropped to a low of $118 per barrel in Asian trades today.
Banking, cement, realty and capital goods stocks led the rally as the Sensex surged to a high of 14,987 - up 458 points from the day's low. The Sensex finally ended with a gain of 383 points at 14,961.
The BSE Bankex rallied 6.7% (450 points) to 7,218, and the Realty index surged 6.6% (343 points) to 5,575. The Auto index advanced over 4% (151 points) to 3,819. The BSE Metal index, however, slipped 1.9% (259 points) to 13,265.
The market breadth was fairly positive - out of 2,767 stocks traded, 1,786 advanced, 921 declined and 60 were unchanged today.
The NSE Nifty settled above the 4,500-mark at 4,503 - up 108 points.
ICICI Bank zoomed over 8% to Rs 693. HDFC Bank rallied nearly 7% to Rs 1,184, and SBI added 4.6% to Rs 1,579.
DLF soared 7.7% to Rs 553. Jaiprakash Associates surged 6% to Rs 185, and Reliance Infrastructure advanced over 4% to Rs 1,043.
Maruti rallied 7.4% to Rs 614. Mahindra & Mahindra gained 5.5% at Rs 548, and Tata Motors was up 3.2% at Rs 409.
Grasim surged 6.5% to Rs 2,019. ACC spurted over 5% to Rs 616.
NTPC, Wipro and HDFC moved up around 4% each to Rs 182, Rs 448 and Rs 2,465, respectively.
BHEL and Bharti Airtel rallied around 3% each to Rs 1,770 and Rs 840, respectively.
Hindustan Unilever gained 2.5% at Rs 240. ONGC advanced over 2% to Rs 1,002.
TCS and Larsen & Toubro advanced 1.7% each to Rs 831 and Rs 2,699, respectively. Reliance added 1.5% to Rs 2,276.
Infosys, ITC and Satyam were up over 1% each at Rs 1,677, Rs 190 and Rs 400, respectively.
Sterlite slumped 6.8% to Rs 582. Tata Steel shed 2.3% at Rs 676.
Tata Power and Ranbaxy dropped around 1.5% each to Rs 1,101 and Rs 516, respectively.
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The index gyrated between zones till mid-noon trades wherein the index touched a low of 14,529. Aggressive buying on the back of further drop in crude oil prices saw the index rally sharply in late noon trades. The US crude oil dropped to a low of $118 per barrel in Asian trades today.
Banking, cement, realty and capital goods stocks led the rally as the Sensex surged to a high of 14,987 - up 458 points from the day's low. The Sensex finally ended with a gain of 383 points at 14,961.
The BSE Bankex rallied 6.7% (450 points) to 7,218, and the Realty index surged 6.6% (343 points) to 5,575. The Auto index advanced over 4% (151 points) to 3,819. The BSE Metal index, however, slipped 1.9% (259 points) to 13,265.
The market breadth was fairly positive - out of 2,767 stocks traded, 1,786 advanced, 921 declined and 60 were unchanged today.
The NSE Nifty settled above the 4,500-mark at 4,503 - up 108 points.
ICICI Bank zoomed over 8% to Rs 693. HDFC Bank rallied nearly 7% to Rs 1,184, and SBI added 4.6% to Rs 1,579.
DLF soared 7.7% to Rs 553. Jaiprakash Associates surged 6% to Rs 185, and Reliance Infrastructure advanced over 4% to Rs 1,043.
Maruti rallied 7.4% to Rs 614. Mahindra & Mahindra gained 5.5% at Rs 548, and Tata Motors was up 3.2% at Rs 409.
Grasim surged 6.5% to Rs 2,019. ACC spurted over 5% to Rs 616.
NTPC, Wipro and HDFC moved up around 4% each to Rs 182, Rs 448 and Rs 2,465, respectively.
BHEL and Bharti Airtel rallied around 3% each to Rs 1,770 and Rs 840, respectively.
Hindustan Unilever gained 2.5% at Rs 240. ONGC advanced over 2% to Rs 1,002.
TCS and Larsen & Toubro advanced 1.7% each to Rs 831 and Rs 2,699, respectively. Reliance added 1.5% to Rs 2,276.
Infosys, ITC and Satyam were up over 1% each at Rs 1,677, Rs 190 and Rs 400, respectively.
Sterlite slumped 6.8% to Rs 582. Tata Steel shed 2.3% at Rs 676.
Tata Power and Ranbaxy dropped around 1.5% each to Rs 1,101 and Rs 516, respectively.
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