The Sensex opened with a huge negative gap of 550 points at 12,713, owing to weak cues from the global markets, and soon slipped to a low of 12,558.
Buying emerged at lower levels as index took support around the July low of 12,500. Banking and oil & gas stocks led the recovery. As buying gained momentum, the index rebounded into the positive zone in tandem with other global markets.
The Sensex touched a high of 13,347, and finally ended with a gain of 53 points at 13,316.
The BSE Bankex rallied 2.7% (177 points) to 6,770, and the Oil & Gas index surged 2.3% (207 points) to 8,973.
The market breadth was fairly negative - out of 2,690 stocks traded, 1,941 declined, 679 advanced and 70 were unchanged.
Sterlite surged 3.5% to Rs 455. HDFC Bank, Reliance and NTPC rallied over 3% each to Rs 1,222, Rs 1,933 and Rs 174, respectively.
ICICI Bank and Maruti gained 2.7% each at Rs 576 and Rs 718, respectively.
Mahindra & Mahindra and Reliance Infrastructure added 2.5% each to Rs 551 and Rs 850, respectively.
SBI and ONGC advanced over 2% each to Rs 1,561 and Rs 999, respectively.
ACC and Larsen & Toubro were up 1.5% each at Rs 601 and Rs 2,539, respectively.
Ranbaxy slumped 10% to Rs 341. Jaiprakash Associates plunged 6.7% to Rs 127.
Satyam tumbled over 4% to Rs 335. Infosys and Tata Steel dropped 3.3% each to Rs 1,524 and Rs 459, respectively.
DLF shed 3% at Rs 396. Tata Power slipped over 2% to Rs 949.
HDFC slipped over 1.5% to Rs 2,131. Bharti Airtel and TCS were down over 1% each at Rs 760 and Rs 720, respectively.
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