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Rediff.com  » Business » Sensex ends up 523 points; Bankex surges 8%

Sensex ends up 523 points; Bankex surges 8%

Last updated on: July 18, 2008 16:28 IST

The Sensex opened with a positive gap of 123 points at 13,235. Profit-taking in morning trades following yesterday's smart rally saw the index slip into red for a brief while to a low of 13,093.

The index, soon, rebounded and displayed positive bias for most part of the trading day. Aggressive buying in banking, oil and realty stocks led the index surge to a high of 13,684 -- up 591 points from the day's low. The Sensex finally ended with a gain of 523 points at 13,635.

The BSE Bankex soared 8% (461 points) to 6,189. The Realty index surged 5.5% (242 points) to 4,670, and the Oil & Gas index rallied 4.3% (380 points) to 9,232.

The NSE Nifty moved up 145 points to settle at 4,092.

INDEX MOVERS. . .

ICICI Bank zoomed 12% to Rs 618. HDFC soared 9.5% to Rs 2,068. HDFC Bank rallied nearly 8% to Rs 1,034, and SBI surged 6% to Rs 1,300.

Jaiprakash Associates gained 7.7% at Rs 161. DLF moved up 7% to Rs 457, and Reliance Infrastructure added 6% to Rs 856.

Bharti Airtel advanced over 7% to Rs 802. BHEL, ITC and NTPC surged around 5.3% each to Rs 1,530, Rs 176 and Rs 173, respectively.

Reliance rallied 4.8% to Rs 2,113. ONGC and Larsen & Toubro added 4.3% each to Rs 943 and Rs 2,545, respectively.

Reliance Communications and Maruti were up 4% each at Rs 435 and Rs 624, respectively.

Tata Motors, TCS and Hindalco ended with gains of 2% each at Rs 420, Rs 795 and Rs 142, respectively.

. . .AND THE SHAKERS

Satyam slumped 7.5% to Rs 383. Wipro plunged 3.8% to Rs 366, and Infosys slipped 2.2% to Rs 1,548.

Ranbaxy dropped 3.3% to Rs 437. Tata Steel shed 2.5% at Rs 593.

VALUE & VOLUME TOPPERS

Reliance Capital topped the value chart with a turnover of Rs 323.70 crore followed by Reliance (Rs 291.50 crore), Reliance Petroleum (Rs 193 crore), ICICI Bank (Rs 185 crore) and Satyam (Rs 177.70 crore).

Reliance Natural Resources led the volume chart with trades of around 1.67 crore shares followed by IFCI (1.45 crore), Reliance Petroleum (1.28 crore), IDFC (1.05 crore) and Chambal Fertilisers (90.25 lakh).

BS Reporter in Mumbai
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