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Day End Report

Mirroring weakness in other Asian markets, the Sensex opened with a negative gap of 93 points at 14,852, and slip to a low of 14,715. Fresh buying at lower levels helped the index recover as the day progressed. The index, in mid-noon, trades rebounded into the positive zone and touched a high of 14,998 - up 283 points from the day's low. The index, however, could not hold gains and slipped back into red.
The Sensex finally ended with a loss of 44 points at 14,901.
The market breadth was negative - out of 2,711 stocks traded, 1,446 declined and 1,193 advanced today.
Sterlite slumped 7.5% to Rs 576 while the parent company today announced its restructuring plans.
Tata Motors plunged 3.7% to Rs 420. BHEL shed 2.5% at Rs 1,747.
SBI dropped 2% to Rs 1,561. Ranbaxy and DLF declined 1.7% each to Rs 456 and Rs 504, respectively.
Mahindra & Mahindra and Tata Power slipped around 1.5% each to Rs 582 and Rs 1,087, respectively.
ICICI Bank, ITC and NTPC were down 1% each at Rs 713, Rs 195 and Rs 180, respectively.
Maruti and Bharti Airtel rallied over 2% each to Rs 708 and Rs 836, respectively.
Reliance Communications surged 1.7% to Rs 405, and TCS added 1.3% to Rs 866.
Reliance Infrastructure was up over 1% at Rs 1,071.

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