Three-day fall stems

The stock market witnessed strong volatility, swinging 355 points during intra-day trades, as shares gyrated sharply between zones. Taking cue from mixed global indices, the Sensex started on a negative note at 15000, as a sharp bout of profit-taking pulled the index below 14900 mark to an intra-day low of 14864. While the market remained lacklustre with a negative bias, the Sensex rolled back to the green by mid-noon trades on renewed buying support and surged to an intra-day high of 15219. However, a fresh round of profit-taking towards the fag end saw the Sensex pare its gains and end at 15075, up only 65 points, while Nifty added 33 points to close at 4471.



The market breadth was positive. Of the 2,733 stocks traded on the BSE 1,358 stocks declined, whereas 1,280 stocks advanced. 95 stocks remained unchanged. Among sectoral indices, BSE Auto gained 3.07%, while BSE Realty, BSE Metal and BSE HC also ended at higher levels. BSE PSU lost marginally.



Most of heavyweights edged higher on decent buying support. Tata Motors rose 6.81% to Rs428.25, Mahindra & Mahindra jumped 3.55% to Rs785, Hindalco Industries advanced 3.38% to Rs105.45, Maruti Suzuki India added 3.23% to trade at Rs1,291.85 and Bharti Airtel gained 2.23% to Rs382.50. However, select front line stocks came under selling pressure. JP Associates was the major loser and dropped 2.64% to Rs208.50. HDFC declined 1.11% to Rs2,302.70, National Thermal Power Corporation (NTPC) dropped 0.88% to Rs208.75 and ONGC shed 0.70% to Rs1,151.55.


Over 1.43 crore shares of Unitech shares changed hands on the BSE followed by Ispat Industries (1.32 crore shares), Suzlon Energy (1.32 crore shares), GVK Power & Infrastructure (1.04 crore shares) and Firstsource Solutions (94 lakh shares)