Range-bound Sensex ends flat; Tata Steel zooms 11%

The index, thereafter, exhitbited range-bound movement throughout the day. The Sensex touched a low of 8,601 – down 254 points from the day’s high – recovered at close and finally ended almost flat at 8,712 – down 27 points.

The NSE Nifty was down marginally by 1 point at 2656.

The BSE Metal and Realty indices surged 3.3% each to 4,451 and 1,570, respectively. The IT index, however, plunged 3% to 2,400.

The market breadth was marginally positive – out of 2,188 stocks traded, 1,180 advanced, 930 declined and the rest were unchanged today.

Index movers. . .

Tata Steel zoomed nearly 11% to Rs 165. Jaiprakash Associates soared 8% to Rs 62.

Maruti surged 7% to Rs 492. SBI and DLF rallied 5.5% each to Rs 1,097 and Rs 192, respectively.

Tata Motors advanced 3.7% to Rs 133, and ICICI Bank added 3.5% to Rs 335.

Reliance Infrastructure gained 3% at Rs 508. HDFC, Larsen & Toubro and Sterlite were up around 1.5% each.

. . . and the shakers

Infosys and Wipro slumped over 4% each to Rs 1,158 and Rs 223, respectively.

Mahindra & Mahindra plunged nearly 3% to Rs 243. Reliance Communications and Hindalco dropped around 2% each to Rs 188 and Rs 51, respectively.

ONGC and ACC shed 1.7% each at Rs 652 and Rs 398, respectively.

Satyam and Bharti Airtel were down over 1% each at Rs 230 and Rs 664, respectively.

Most Active Counters

Reliance topped the value chart with a turnover of Rs 246.60 crore followed by SBI (Rs 224.25 crore), Reliance Infrastructure (Rs 157 crore), Educomp Solutions (Rs 148.50 crore) and DLF (Rs 138.30 crore).

Unitech led the volume chart with trades of around 2.37 crore shares followed by Suzlon (1.47 crore), GVK Power (1.24 crore), NIIT (78.25 lakh) and Jaiprakash Associates (77.80 lakh).

Source: Rediff