Sensex manages tepid pull back, up 127pts

After Monday's massive 870 points plunge on the Sensex following the presentation of the Union Budget, the index managed a tepid pull back today, thanks mainly to FMCG stocks.

The Sensex opened 60 points higher at 14,104, and touched a low of 14,000 points in morning trades.

The index, thereafter, exhibited high volatility throughout the day owing to the constant bouts of buying and selling in the market.

The Sensex manged to touch the day's high of 14,252, up 252 points form the day's low.

The index finally ended at 14,170, up 127 points.

The market breadth was extremely positive - out of 2,630 shares traded, 1,461 declined and 1,071 advanced on the BSE.

Most of the sectoral indices managed to recovered partially from yesterday's debacle.

The BSE Auto and the FMCG indices added around 4% each to 4,635 and 2,401, respectively.

While the PSU index slipped around 2% to 7,636.

INDEX MOVERS...

ITC and Jaiprakash Associates surged around 7% each to Rs 211 and Rs 206, respectively.

Hero Honda and Mahindra & Mahindra gained over 5.5% each at Rs 1,437 and Rs 750, respectively.

Grasim and ACC advanced around 5.5% each to Rs 2,420 and Rs 762, respectively.

Maruti and Bharti Airtel moved up 3.5-4.5% each at Rs 1,080 and Rs 811, respectively.

Larsen & Toubro, ICICI Bank, Reliance Infrastructure and TCS were the other major gainers, up over 2% each.

 ...AND THE SHAKERS

Reliance and ONGC slipped 2% each to Rs 1,855 and Rs 1,050, respectively.

Reliance Communications, Tata Motors, Infosys and SBI were some of the other losers on the BSE.

VALUE & VOLUME TOPPERS

Reliance topped the value chart with a turnover of Rs 278.48 crore. It was followed by Educomp Solutions ( Rs 245.98 crore), ICICI Bank (Rs 208.01 crore), Reliance Infrastructure (Rs 191.91 crore) and Reliance Capital (Rs 189.35 crore).

Cals Refineries led the volume chart with trades of 45.37 million shares on the BSE. It was followed by Reliance Natural Resources (18.96 million), Unitech (17.25 million), Suzlon (15.12 million) and IFCI (11.40 million) shares on the BSE.