Sensex gains 186pts on F&O expiry

After yesterday's massive 520 points rally, the Sensex today opened on a flat note. It slipped into the negative zone for a while and touched a low of 14,078.

However, it rebounded into the positive and continued to move sideways, as investors covered short positions on expiry of derivatives segments. The index surged to a high of 14,377 on some buying in the metal, realty and the banking stocks.

The Sensex finally ended 186 points higher at 14,296.

Metal index added 3% at 10,550. Bankex and Realty were up 2% each at 8,163 and 3,577, respectively.

The market breadth was positive, out of 2,812 shares traded, 1,736 advanced, 1,022 declined and 54 were unchanged today.

INDEX MOVERS...

Ranbaxy soared 4.2% to Rs 273. Sterlite and Bharti Airtel added over 3.5% each at Rs 612 and Rs 795, respectively.

NTPC, Tata Steel, ICICI Bank,Tata Steel and Maruti gained over 2.5% each at Rs 207, Rs 384, Rs 729, Rs 384 and Rs 998, respectively.

Larsen &Toubro, TCS, Mahindra & Mahindra, SBI, ONGC and HDFC Bank were up over 2% each at Rs 1,342, Rs 660, Rs 634, Rs 1,829, Rs 1,131 and Rs 1,436, respectively.

BHEL, DLF, ACC and Reliance aaded 1-2% each.

...AND THE SHAKERS

Tata Motors dropped 3% to Rs 332.

Grasim and Wipro slipped 2.5% each to Rs 2,184 and Rs 364, respectively.

Reliance Infrastructure and Reliance Communication were the other losers.

OTHER PROMINENT GAINERS...

Indiabulls Real Estate zoomed 10% to Rs 225.
 
NMDC ,Allahabad Bank, Century Textiles, Rei Agro, GTL Infrastructure ,Steel Authority of India, JSW Steel, Bharat Forge, LIC Housing Finance, Godrej, Great Eastern Shipping Company, Marico, Jai Corp gained 6-10% each.

...AND THE LOSERS

Biacon and Glenmark Pharma slipped over 5% to Rs 183 and Rs 234, respectively.

Mangalore Refinery & Petrochemicals, Pantaloons Retail, Rashtriya Chemicals & Fertilizers, Tech Mahindra, MTNL, Bharat Electronics , Opto Circuit, Corporation Bank and Gujarat Mineral Development Corporation declined 3-5% each.

VALUE & VOLUME TOPPERS

Reliance Capital topped the value chart with a turnover of Rs 336.47 crore. It was followed by Reliance (Rs 227.79 crore), DLF (Rs 220.73 crore), ICICI Bank (Rs 218.54 crore) and Indiabulls Real Estate(Rs 212.55 crore).

The volume chart was led by Cals Refineries with over 162.27 million shares traded, followed by Ispat (121.25 million), KS Oils ( 18.35 million), Alok Industries (17 million) and  Unitech (16.4 million).