Sensex ends up 356 points, Tata Steel soars 9%

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Sensex ends up 356 points, Tata Steel soars 9%

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March 28, 2008 16:58 IST
The Sensex opened with a positive gap of 85 points at 16,100. Nervousness in first half of the trading day saw the index gyrate between zones and touch a low of 15,884 - down 216 points from the day's open.

Fresh buying in noon trades helped the index rebound into the positive zone. Aggressive buying in select index heavyweights saw the index rally to a high of 16,338 - up 454 points from the day's low. The Sensex finally ended with a gain of 356 points (2.2%) at 16,371.

The BSE Small-cap index soared 5% (375 points) to 7,902, and the Mid-cap index surged 4% (247 points) to 6,523.

The market breadth was extremely positive - out of 2,741 35 stocks traded, 2,330 advanced, 373 declined and 38 were unchanged on Friday.

The NSE Nifty moved up 112 points (2.3%) to end at 4,942.

Index movers

Tata Steel [Get Quote] soared 9.5% to Rs 717. Larsen & Toubro zoomed over 6% to Rs 3,147.

Infosys [Get Quote] surged 6% to Rs 1,526. Wipro [Get Quote] rallied 5.5% to Rs 454. Satyam [Get Quote] gained 3.4% at Rs 408, and TCS [Get Quote] added 2% to Rs 870.

BHEL moved up 5.4% to Rs 2,092. Jaiprakash Associates [Get Quote] and NTPC rallied nearly 4% each to Rs 240 and Rs 204, respectively.

Reliance Energy [Get Quote] added 3.7% to Rs 1,334. DLF, Reliance and ITC advanced over 3% each to Rs 696, Rs 2,348 and Rs 206, respectively.

Cipla gained nearly 3% at Rs 218. ACC was up 2% at Rs 835.

And the shakers

HDFC Bank [Get Quote] slipped 2.3% to Rs 1,401.

HDFC dropped nearly 2% to Rs 2,613. ONGC [Get Quote] and Tata Motors [Get Quote] slipped around 1.5% each to Rs 1,052 and Rs 646, respectively.

Most active counters

Reliance topped the value chart with a turnover of Rs 356.40 crore followed by Reliance Capital [Get Quote] (Rs 263.60 crore), HDFC (Rs 236 crore), Reliance Natural Resources [Get Quote] (Rs 160.50 crore) and SAIL [Get Quote] (Rs 159.25 crore).


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