Sensex down 14 points at 12,709

The Sensex opened with a positive gap of 32 points at 12,756. Fresh buying in the opening trades backed by better-than-expected Reliance Q2 numbers and hopes of a positive news flow from Tata Steel saw the index rally to a high of 12,849.

The index, thereafter, displayed lacklustre movement for most part of the trading. Even, the big news, that Tata Steel will buy Corus, did not have any major impact on the index.

Late selling saw the index tumble to a low of 12,680 - down 169 points from the day's high. The Sensex finally settled with a marginal loss of 14 points at 12,709.