Mirroing gains in other Asian markets, the Sensex opened 185 points higher at 10,126. The index, thereafter, displayed positive bias throughout the day albeit on a negative market breadth.

A surprise 100 basis points repo rate cut by the RBI, saw the index surge to a high of 10,538. The index, however, soon pared gains and touched a low of 10,023.

The Sensex finally ended with a gain of 248 points at 10,223. The NSE Nifty closed 48 points up at 3,122.

The BSE IT index zoomed 8% to 2,741. The Realy index, however, shed 3.7% at 2,431.

The market breadth was fairly negative - out of 2,616 stocks traded, 1,643 declined, 920 advanced and 53 were unchanged on Monday.

INDEX MOVERS...

TCS [Get Quote] zoomed 9.5% to Rs 497, and Wipro [Get Quote] soared 9% to Rs 281. Satyam [Get Quote] surged 8.7% to Rs 289, and Infosys [Get Quote] rallied 8% to Rs 1,298.

HDFC Bank [Get Quote] moved up 6% to Rs 1,085, and HDFC added 5.7% to Rs 1,878. ICICI Bank [Get Quote] gained 5% at Rs 411.

Bharti Airtel [Get Quote] advanced 4.6% to Rs 708. ITC was up 4% at Rs 165.

Maruti [Get Quote] moved up 2.7% to Rs 658. Ranbaxy [Get Quote] and Hindalco [Get Quote] were up 2% each at Rs 262 and Rs 65, respectively.

...AND THE SHAKERS

BHEL and Grasim [Get Quote] slumped around 8% each to Rs 1,096 and Rs 1,191, respectively.

DLF plunged 6.5% to Rs 273. ACC tumbled over 6% to Rs 459.

Mahindra & Mahindra shed 5.5% at Rs 417. Tata Power [Get Quote] dropped 3.7% to Rs 720. Reliance Infrastructure was down nearly 2% to Rs 482.

VALUE & VOLUME TOPPERS

Reliance Capital [Get Quote] topped the value chart with a turnover of Rs 290.35 crore followed by Reliance (Rs 275 crore), SBI [Get Quote] (Rs 183.70 crore), Axis Bank (Rs 175.50 crore) and ICICI Bank (Rs 137.30 crore).

Reliance Natural Resources [Get Quote] led the volume chart with trades of around 1.18 crore shares followed by Reliance Petroleum [Get Quote] (94 lakh), Chambal Fertilisers (82.40 lakh), Cals Refineries (63.35 lakh) and HDIL (61 lakh).