Thereafter the index to rebounded into the positive zone. Agressive buying towards the end helped the index touch a high of 11,362.
The Sensex finally ended up 194 points, at 11,329. The NSE Nifty ended at 3481, up 57 points.
The market breadth was positive. Out of 2,602 stocks traded, 1,536 advanced and 970 declined. The rest remained unchanged.
INDEX MOVERS
Mahindra & Mahindra rallied 7% to Rs 474. Jaiprakash Associates surged over 6% to Rs 126.
Grasim and Bharti Airtel gained 5.5% each at Rs 1,803 and 748, respectively.
ACC, Reliance Infrastructure, Reliance Communication, Tata Power, SBI, Tata Motors, TCS, HDFC, Larsen & Toubro, ICICI Bank and Sterlite advanced 2-4% each.
...AND SHAKERS
Ranbaxy shed over 2% at Rs 176. Hindustan Unilever declined nearly 1% to Rs 238.
OTHER PROMINENT GAINERS...
Adani Enterprise soared 14.5% to Rs 444. IDBI Bank rallied 13% to Rs 67.
Centuries Textiles and Videocon advanced 10% each to Rs 236 and Rs 122, respectively.
Aditya Birla Nuvo, Essar Oil, Sintex, LIC Housing Finance and Indian Bank added 7-8% each.
...AND THE LOSERS
Hindustan Copper and Jai Corp shed 5% each at Rs 183 and Rs 194, respectively.
Zee Entertainment, Bajaj Holdings and Investments, Exide Industries, Glenmark and IDFC declined 2-3% each.
MOST ACTIVE COUNTERS...
Mercator Lines topped the value chart with a turnover of Rs 12 crore followed by Sterling International (Rs 4.77 crore), Anant Raj Industries (Rs 4.44 crore), K Sera Sera (Rs 4.40 crore) and ICSA India(Rs 4.16crore).
Suzlon led the volume charts with trades of 1.46 crore shares followed by GVK Power (1.44 crore), HDIL (1.37 crore), Jaiprakash Associates (76 lakh) and Ispat Industries (64 lakh).