The Sensex opened almost flat at 8,447 - down four points. The index, however, moved up on the back of renewed buying in banking and technology stocks.
Intra-day profit-taking saw the index pare gains and touch a low of 8,442. The Sensex soon rebounded and surged to a high of 8,988 towards the fag end of the day.
The Sensex finally ended with a gain of 464 points at 8,915 - thereby breaking its seven-day losing streak wherein the index had slumped almost 20% (2,085 points).
Among the 30 stocks in the Sensex , 26 ended at higher levels. Reliance Infrastructure led the upsurge and flared by 14.07% at Rs485.20. Among other major gainers, Reliance Communications surged 13.64% at Rs207, Sterlite Industries moved up by 9.10% at Rs218.75, National Thermal Power Corporation (NTPC) advanced 8.80% at Rs150.25, Maruti Suzuki India vaulted 8.73% at Rs525, HDFC shot up by 8.49% at Rs1,399, State Bank of India added 8.29% at Rs1,183.15, Tata Consultancy Services gained 7.89% at Rs506.55 and Bharat Heavy Electricals Ltd rose 7.29% at Rs1,281.25.
Comments