RCom drops 12.7%; Jaiprakash Associates zooms 8.8%

The Sensex plunged 323 points in early trade today on heavy selling by funds in line with weak global markets.

Moderate rise in inflation rates, which rose to 11.98 per cent for the week ended July 19, mainly dampened the trading sentiments of the Sensex, which had gained 564 points in the previous two trading sessions.

The index moved in a range of 646 points between 14,032 (low) and 14,667 (high) before finally settling with a gain of 301 points at 14,657.

The Nifty ended with a gain of 81 points at 4414.

The market breadth was marginally positive - out of 2,732 stocks traded, 1,548 advanced, 1,110 declined and 74 were unchanged today.

THE MOVERS...

Jaiprakash Associates zoomed 8.8% to Rs 170. SBI surged 6.5% to Rs 1,507. HDFC  advanced 5.2% at Rs 2,395.

Reliance Industries and Reliance Infra gained 4.9% each at Rs 2,395 and Rs 1,012, respectively. Tata Steel was up 4.5% at Rs 684. Wipro and BHEL advanced around 4.2% each at Rs 434 and Rs 1,750, respectively. Ranbaxy gained 4% at Rs 518. NTPC and Larsen & Toubro were up around 3.8% each at Rs 177 and Rs 2,696, respectively.

Infosys gained 3.3% at Rs 1,636. HDFC Bank and Satyam advanced 2.6% each at Rs 1,124 and Rs 390, respectively.

Bharti Airtel was up 2% at Rs 815. DLF, Grasim, ICICI Bank, TCS and ONGC were the other gainers.

...AND INDEX SHAKERS

Reliance Communications slumped 12.7% to Rs 436. Tata Power dropped 3.8% at Rs 1,116. Maruti tumbled 2.5% to Rs 560. 

Hindustan Unilever lost 1.9% at Rs 235. ACC declined 1.3% to Rs 576.

Tata Motors was down 1.2% at Rs 398. Hindalco and ITC lost less than half per cent.

MOST ACTIVE COUNTERS

Reliance Communications topped the value chart with a turnover of Rs 631.04 crore followed by Reliance Natural Resources (Rs 375.37 crore), Reliance Capital (347.75 crore), Reliance (Rs 297.09 crore) and Larsen and Toubro (186.81 crore)

Reliance Natural Resources led the volume chart with trades of around 3.78 crore shares followed by IFCI (2.28 crore shares), Ispat Industries (2.04 crore shares), Cybermate (2.02 crore shares) and Reliance Communications (1.44 crore shares)