Sensex ends up 317pts; Wipro, Tata Steel soar

The Sensex today opened up 24 points at 10,842. Soon the index slipped into the red and touched a low of 10,759.

The index, thereafter, rebounded into the positive zone and gained strength as the day progressed. Agressive buying towards the end saw the index soar to a high of 11,203 - up 444 points from the day's low.  

The Sensex finally ended at 11,135, up 317 points from the previous close.

The market breadth was positive. Out of 2,599 stocks traded, 1,447 advanced and 1,049 declined.

INDEX MOVERS

Wipro soared 11% to Rs 313. Tata Steel surged 9% to Rs 263.

Grasim and Reliance Infrastructure gained 7% each at Rs 1,706 and Rs 713, respectively.

Maruti Suzuki, Sterlite and ICICI Bank rallied 6% each to Rs 800, Rs 390 and Rs 424, respectively.

Tata Motors gained over 5.5% at Rs 245. Infosys, DLF, Reliance Communications, Jaiprakash Associates, TCS, Larsen & Toubro, Mahindra & Mahindra and Hindalco advanced 4-5% each.

OTHER PROMINENT GAINERS...

Ashok Leyland and HDIL zoomed 12% each to Rs 23 and Rs 145, respectively. Indiabulls Realestate, Lanco Infrastructure, JSW Steel, Tech Mahindra, Educomp Solutions, SAIL, Adani Enterprises, Axis Bank, Max India, LIC Housing Finance and Petronet LNG surged 6-11% each.

...AND THE LOSERS

Bajaj Holdings and Investments crashed 10% to Rs 376. Zee Entertainment plunged 6% to Rs 119.  Rolta India, Jai Corp, Yes Bank, Unitech and RCF fell 3-6% each.

MOST ACTIVE COUNTERS...

Reliance topped the value chart with a turnover of Rs 234.72 crore followed by Reliance Capitals (Rs 219.76 crore), HDIL (Rs 212.23 crore), Reliance Infrastructure (Rs 196.81 crore) and Tata Steel (Rs 179.54 crore).

Unitech led the volume charts with trades of over three crore shares followed by HDIL (1.55 crore), Suzlon (1.54 crore), Reliance Natural Resources (1.51 crore) and Ispat Industries (1.14 crore).