Sensex rallies over 400pts; ICICI Bank surges 8%

The Sensex today opened marginally higher at 14,373, up 28 points. The index exhibited sideways movement till noon trades following which the index perked up on positive cues from the European markets.

As the buying gained momentum the index rallied to a high of 14,782, up 437 points from the previous close. The Sensex finally ended with a gain of 419 points at 14,764. Banking and capital goods stocks led the upmove today.

All the sectoral indices ended in green except Healthcare index. The BSE Bankex was up 4.3% at 8,315,  while the Healthcare index slipped 1.5% to 3,638.

The market breadth was fairly positive - out of 2,733 shares traded, 1,689 advanced and 937 declined on the BSE.

INDEX MOVERS...

ICICI Bank zoomed 8% to Rs 754. Sterlite gained 6% at Rs 612.

Larsen & Toubro surged 5.5% to Rs 1,611 and TCS rallied 4.5% to Rs 397.

Reliance Communications, Infosys and Reliance advanced over 3.5% each to Rs 312, Rs 1,827 and Rs 2,028, respectively.

BHEL and Maruti were up over 3% each at Rs 2,201 and Rs 1,059, respectively.

SBI, DLF, Wipro, HDFC, Hindustan Unilever, Hindalco, HDFC Bank, ACC and Reliance Infrastructure were the other major gainers.

...AND THE SHAKERS

Sun Pharma nose-dived 12% to Rs 1,140.

Ranbaxy slipped 4.5% to Rs 255, and Tata Steel dropped 2.5% to Rs 388.

VALUE & VOLUME TOPPERS

Tata Steel topped the value chart with a turnover of Rs 248.96 crore. It was followed by Reliance (Rs 211.64 crore), Suzlon (Rs 205.48 crore), HDIL(Rs 192.90 crore) and ICICI Bank (Rs 175.90 crore).

IFCI led the volume chart with trades of 25.06 million shares. It was followed by Ispat (18.37 million), Suzlon (16.88 million), Unitech (15.89 million) and Reliance Natural Resources (14.53 million).