The Sensex opened 73 points higher at 8,768. The index after extending gains in opening trades soon slipped into red and touched a low of 8,659. The index, thereafer, exhibited lacklustre movement for major part of the trading day.
Renewed buying interest in late noon trades helped the index recover and rally to a high of 9,062 - up 403 points from the day's low. The Sensex finally ended with a gain of 331 points at 9,027.
The BSE Bankex surged 6% to 4,625. The Oil & Gas index rallied 4.4% to 5,648, and the Metal index gained 3.7% at 4,420.
The market breadth was negative - out of 2,228 stocks traded, 1,222 declined, 938 advanced and the rest were unchanged.
Sterlite zoomed nearly 13% to Rs 231. ICICI Bank soared 9.5% to Rs 351, and HDFC Bank surged 8.5% to Rs 907.
NTPC rallied 7% to Rs 164. Reliance gained over 6% at Rs 1,137.
DLF and Wipro moved up 5.5% each to Rs 199 and Rs 241, respectively.
HDFC advanced 5% to Rs 1,417. Ranbaxy and TCS added 4.7% each to Rs 213 and Rs 527, respectively.
Bharti Airtel and Reliance Infrastructure were up 4.5% each at Rs 655 and Rs 520, respectively.
Jaiprakash Associates, SBI and Tata Motors gained 3% each at Rs 57, Rs 1,104 and Rs 140, respectively.
Mahindra & Mahindra slipped 2.5% to Rs 270. Maruti was the only other loser among the index stocks.
Comments