The Sensex opened 125 points lower at 9,111 on the back of weak cues from the overseas markets. The index soon touched a low of 9,087. However, fresh buying at lower levels helped the index recover and rebound into the positive zone as the day progressed.
The buying gained momentum in late trades, and the index rallied to a high of 9,438 - up 351 points from the day's low. The Sensex finally ended with a gain of 188 points at 9,424.
In the process, while the index ended the week with a smart gain of 750 points, it was still down 223 points for the month.
The BSE Realty and Metal indices surged over 4% each to 1,668 and 5,100, respectively. The Oil & Gas index rallied 3.5% to 6,252. The FMCG index and Bankex were up 2% each at 2,033 and 4,900, respectively.
The market breadth was positive - out of 2,501 stocks traded, 1,381 advanced, 1,014 declined and the rest were unchanged today.
Jaiprakash Associates zoomed over 11% to Rs 77. Hindalco soared 7.6% to Rs 50.
DLF surged nearly 7% to Rs 176. Maruti and Reliance Communications rallied 5.5% each to Rs 575 and Rs 171, respectively.
SBI gained 5% at Rs 1,151. Reliance and Larsen & Toubro moved up 4.5% each to Rs 1,326 and Rs 690, respectively.
Reliance Infrastructure advanced 4% to Rs 577. ONGC, Sterlite and Ranbaxy added over 3% each to Rs 660, Rs 276 and Rs 217, respectively.
ITC, Wipro and Hindustan Unilever were up around 2% each at Rs 179, Rs 231 and Rs 262, respectively.
Sun Pharma plunged over 6% to Rs 1,073. BHEL shed 2.8% at Rs 1,318, and Tata Motors is down over 1% at Rs 149.
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