Sensex ends on a bullish note

After displaying subdued trend for the entire week, the Sensex staged a recovery today. The bulls were back in action as the market registered sharp gains on the back of all-round buying support. The market witnessed choppy trades for the entire trading session as frontline stocks swung between their positives and negatives, while the mid- and small-caps witnessed the selling pressure. The Sensex resumed 121 points above its previous close at 20,703 despite mixed global cues and rallied further on the back of strong buying in heavyweight, banking, oil, and realty stocks. However, the market slipped into the red by the afternoon as consumer durables, information technology, capital goods and automobile stocks witnessed losses. But, the market staged a come back towards the close on an all-round buying support and the Sensex touched the day's high of 20,895. The Sensex finally ended the session with gains of 245 points at 20,827, while the Nifty added 43 points and closed at 6,200.

Among the sectoral indices, the BSE Bankex index led the upsurge with gains of 3.60% at 12,479 followed by the BSE Oil & Gas index (up 2.24% at 13,833) and the BSE Realty index (up 1.60% at 13,483). However, the BSE CD index, the BSE IT index, the BSE CG index and the BSE Teck index shed over 0.5-2% each. Interestingly, the market breadth was negative. Of the 2,864 scrips traded on the BSE 2,091 stocks declined, 739 stocks advanced and 34 stocks ended unchanged.

Out of the 30 Sensex stocks, 15 managed to end in the green while 15 stocks ended with losses. Banking major ICICI Bank was the lead gainer and soared 6.13% at Rs1,440. DLF advanced 4.71% at Rs1,196, Reliance Industries moved up by 3.34% at Rs3,128, HDFC Bank jumped 2.47% at Rs1,762, NTPC shot up by 2.33% at Rs272, Tata Motors added 1.80% at Rs762 and TCS rose 1.47% at Rs989. Among the laggards, ACC dropped 4.32% at Rs898, M&M shed 3.54% at Rs775, Satyam Computer declined by 2.24% at Rs411 and HDFC lost 2.18% at Rs3,061.

Over 2.76 crore RNRL shares changed hands on the BSE followed by Aries Agro (2.13 crore shares), Reliance Petroleum (1.79 crore shares), Ispat Industries (1.27 crore shares) and IFCI (1.19 crore shares).

RNRL registered a turnover of Rs561 crore on the BSE followed by Aries Agro (Rs480 crore), Reliance Petroleum (Rs392 crore), Reliance Industries (Rs296 crore) and Reliance Capital (Rs255 crore).