The Sensex on Tuesday opened down 53 points at 11,630, and touched a low of 11,625. The index soon rebounded into the postive zone range bound till noon. Poor IIP numbers triggered a fresh round of selling which saw the index slip briefly into red only to bounce back stronger.
The buying gained momentum in the last session as the index rallied past the 12,000-mark to a high of 12,195 - up 570 points from the day's low.
The Sensex finally ended with a solid gain of 475 points at 12,158. The NSE Nifty ended at 3,681, up 127 points.
In the process, the index has more-than recouped its losses in the last two days.
The market breadth is fairly positive -- out of 2,586 stocks traded, 1,410 have advanced while 1,101 have declined.
INDEX MOVERS
HDFC and Wipro soared 7.5% each to Rs 1,841 and Rs 375, respectively. ICICI Bank surged 7% to Rs 559.
Bharti Airtel rallied 6% to Rs 794. Infosys, Reliance, Hindalco and BHEL gained 5% each to Rs 1,598, Rs 1,958, Rs 70 and Rs 1,688.
Jaiprakash Associates, Mahindra & Mahindra, Reliance Communications, HDFC Bank, Tata Motors, Reliance Infrastructure, TCS, DLF and Maruti Suzuki added 3-4% each.
MOST ACTIVE COUNTERS
Reliance topped the value chart with a total turnover of Rs 253.59 crore on the BSE today. It was followed by ICICI Bank (Rs 222.20 crore), Reliance Capital (Rs 192.47 crore), HDIL (Rs 191.35 crore) and Suzlon (Rs 166.69 crore).
Cals Refineries led the volume chart with trades of 36.72 million shares, followed by Unitech (30.19 million), Suzlon (21.60 million), HDIL (11.11 million) and Ispat Industries (10.44 million).
SBI, Grasim, ITC, Larsen & Toubro, NTPC, Ranbaxy, Tata Steel and Sterlite also moved up.
