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Day End Report

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).

However the market breadth was negative. Of the 2,566 stocks traded on the BSE, 1,293 stocks declined, whereas 1,177 stocks advanced. Ninety six stocks ended unchanged. All the sectoral indices notched up significant gains. BSE Power was the biggest gainer and soared 6.21% followed by BSE Oil & Gas (up 5.69%), BSE CG (up 5.59%), BSE Teck (up 5.22%), BSE PSU (up 5.04%) and BSE IT (up 4.85%).

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. 
Power stocks saw strong buying action during the day. Followed by Reliance Infrastructure, GVK power & Infrastructure surged 13.28% at Rs14.67, NTPC soared 8.80% at Rs150.25, Suzlon Energy jumped 8.04% at Rs49.70 and Power Grid Corporation of India added 6.28% at Rs73.60. Oil & gas stocks also logged significant gains with Reliance Industries, ONGC, Reliance Petroleum, Cairn India, BPCL, IOC and GAIL soaring over 3-6% each.
While, DLF slipped 3.41% at Rs198.20, JP Associates lost 2.18% at Rs58.25, ACC dropped 2.08% at Rs399.45 and Tata Power was marginally down at Rs630.90.


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