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Day End Report

A surprise 100 basis points repo rate cut by the RBI, saw the index surge to a high of 10,538. The index, however, soon pared gains and touched a low of 10,023. The Sensex finally ended with a gain of 248 points at 10,223.

The BSE IT index zoomed 8% to 2,741. The Realy index, however, shed 3.7% at 2,431.

The market breadth was fairly negative - out of 2,616 stocks traded, 1,643 declined, 920 advanced and 53 were unchanged today.

TCS zoomed 9.5% to Rs 497, and Wipro soared 9% to Rs 281. Satyam surged 8.7% to Rs 289, and Infosys rallied 8% to Rs 1,298.

HDFC Bank moved up 6% to Rs 1,085, and HDFC added 5.7% to Rs 1,878. ICICI Bank gained 5% at Rs 411.

Bharti Airtel advanced 4.6% to Rs 708. ITC was up 4% at Rs 165.

Maruti moved up 2.7% to Rs 658. Ranbaxy and Hindalco were up 2% each at Rs 262 and Rs 65, respectively.

BHEL and Grasim slumped around 8% each to Rs 1,096 and Rs 1,191, respectively.

DLF plunged 6.5% to Rs 273. ACC tumbled over 6% to Rs 459.

Mahindra & Mahindra shed 5.5% at Rs 417. Tata Power dropped 3.7% to Rs 720. Reliance Infrastructure was down nearly 2% to Rs 482.

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