Global markets were singificantly down today after the US Senate failed to reach an agreement on the auto bailout package. Negative IIP numbers, too, threathened to take index to lower levels.
However, the index soon recovered on the back of fresh buying in Reliance. The recovery intensified as buying spread to select other stocks . The index rebounded in the positive zone and rallied to a high of 9,746 - up 464 points from the day's low.
The Sensex finally ended with a gain of 45 points at 9,690.
The BSE Realty index surged 4% to 2,128. The Consumber Durables index rallied 3% to 1,743, and the Oil & Gas index gained 2.3% at 6,145. On the other hand, the IT index plunged nearly 3% to 2,291.
The market breadth was fairly positive - out of 2,479 stocks traded, 1,544 advanced, 853 declined and the rest were unchanged today.
DLF zoomed 7.7% to Rs 277, and Reliance Infrastructure soared 7% to Rs 648.
Reliance Communications surged over 4% to Rs 249. Reliance rallied 3.8% to Rs 1,306.
Hindalco gained over 3% at Rs 53. Tata Power advanced 2.7% to Rs 751, and Mahindra & Mahindra added 2.3% to Rs 293.
Jaiprakash Associates and HDFC moved up 1.8% each to Rs 84 and Rs 1,636, respectively.
SBI and ICICI Bank were up 1.3% each at Rs 1,215 and Rs 411, respectively.
TCS slumped 5% to Rs 482, and Wipro plunged 4.5% to Rs 239.
Tata Motors tumbled 4% to Rs 154. ONGC and Bharti Airtel shed 2.7% each at Rs 646 and Rs 722, respectively.
Infosys dropped 2.5% to Rs 1,107. Satyam slipped 1.6% to Rs 221.
NTPC and BHEL were down over 1% each at Rs 165 and Rs 1,360, respectively.
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