The Sensex opened with a significant positive gap of 685 points at 17,415 on the back of an emergency 75 basis points rate cut by the US Federal Reserve.

After extending gains in the initial trades, the index pared gains and touched a low of 16,951 owing to nervousness among market players. The index, thereafter, steadied and moved up smartly on the back of all-round buying.

The index rallied to a high of 17,997 - up 1,267 points from its previous close - in the process the index recovered its biggest-ever intra-day gain.

Some profit taking towards the end saw the Sensex pare gains and finally settle at 17,594 - up 5.2% (864 points) - third best single-day gain ever. Thus, the index today broke its seven-day losing streak wherein the index had shed 19% (4,097 points).

The NSE Nifty gained 304 points to close at 5,203.

The BSE Mid-cap index zoomed over 8% (587 points) to 7,789, and the Small-cap index surged 4% (397 points) to 10,425.

The NSE Nifty ended with a gain of 6.2% (304 points) at 5203.

The market breadth was marginally negative - out of 2,722 stocks traded, 1,400 declined, 1,301 advanced and 21 were unchanged today.
 

Biggest Single-Day Gains...
Date	Close	Prv Cls	Net Chg	% Chg
14-Nov-07	19929.06	19035.48	893.58	4.7
23-Oct-07	18492.84	17613.99	878.85	5.0
23-Jan-08	17594.10	16729.94	864.13	5.2
09-Oct-07	18280.24	17491.39	788.85	4.5
29-Oct-07	19977.67	19243.17	734.50	3.8

INDEX MOVERS...

Reliance Energy [Get Quote] zoomed 16% (Rs 274) to Rs 1,990. NTPC soared 13.7% (Rs 27) to Rs 224, and Satyam [Get Quote] surged nearly 11% to Rs 393.

SBI [Get Quote], TCS [Get Quote] and Reliance rallied 8.5% each to Rs 2,344, Rs 867 and Rs 2,555, respectively.

BHEL gained 8% at Rs 2,146. Bajaj Auto [Get Quote] advanced 7.5% to Rs 2,215.

Hindalco [Get Quote] and Reliance Communications [Get Quote] moved up 7% each to Rs 161 and Rs 615, respectively.

HDFC Bank [Get Quote] and DLF added 6.5% each to Rs 1,535 and Rs 924, respectively. Grasim [Get Quote] was up 5.8% at Rs 3,025.

Mahindra & Mahindra and ITC rallied nearly 5% each to Rs 641 and Rs 193, respectively.

Cipla, ACC and Tata Steel [Get Quote] were up around 4% each at Rs 182, Rs 750 and Rs 697, respectively.

VALUE & VOLUME TOPPERS

Reliance Natural Resources [Get Quote] topped the value chart with a turnover of Rs 466 crore followed by Reliance Petroleum [Get Quote] (Rs 356.80 crore), Reliance (Rs 332.30 crore), ICICI Bank [Get Quote] (Rs 256.80 crore) and Reliance Energy (Rs 231.10 crore).

Ispat Industries [Get Quote] led the volume chart with trades of around 3.46 crore shares followed by Reliance Natural Resources (3.44 crore), Reliance Petroleum (2.13 crore), Tata Teleservices [Get Quote] (1.53 crore) and IFCI (1.49 crore).