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Mirroring weakness in the global markets, the Sensex opened with a negative gap of 79 points at 13,692 and dropped to a low of 13,554 in early deals. Buying in technology stocks, coupled with gains in select heavyweights, saw the index rebound into positive zone by late morning trades.
The index, thereafter, rallied to a high of 13,864 -- up 310 points from the day's low. The index withstood selling pressure in mid-noon trades, and managed to finish with a gain of 25 points at 13,796. The index, however, ended the week with a loss of 138 points. NSE Nifty ended at 4,077, up 10 points.
The market breadth was neutral on Friday -- out of 2,626 stocks traded, 1,268 advanced and 1,276 declined.
Movers & Shakers
Bajaj Auto soared over 4% to Rs 2,719 ahead of the board meet on May 17 to consider a proposal for demerger.
Reliance Communications surged nearly 3% to Rs 478.
NTPC rallied 2.5% to Rs 155. SBI and TCS advanced around 2% each to Rs 1,149 and Rs 1,253, respectively.
Infosys and Ranbaxy were up over 1% each at Rs 2,000 and Rs 391, respectively.
ACC plunged 4% to Rs 840. Grasim and HLL dropped around 2.5% each to Rs 2,425 and Rs 185, respectively.
Gujarat Ambuja, Cipla, Hindalco and HDFC slipped around 1.5% each to Rs 119, Rs 205, Rs 145 and Rs 1,656, respectively.
Tata Steel, Reliance Energy and Wipro were down over 1% each to Rs 569, Rs 509 and Rs 546, respectively.
Most Active Counters
Page Industries topped the value chart with a turnover of Rs 300 crore followed by Reliance (Rs 210 crore), Reliance Communications (Rs 125 crore), Indiabulls (Rs 122 crore) and Orbit Corp (Rs 111.40 crore).
Reliance Natural led the volume chart with trades of around 2.26 crore shares followed by IFCI (1.33 crore), Reliance Petroleum (1.18 crore), Nagarjuna Fertilisers (83.30 lakh) and Page Industries (65.75 lakh).
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