Mirroring positive cues from the US markets, the Sensex opened with a positive gap of 147 points at 13,007, but soon slipped into the negative zone to a low of 12,697 - down 310 points from the day's open.

The index, however, rebounded into the positive zone on the back of fresh buying in banking and technology stocks.

The index rallied to a high of 13,204 - up 507 points from the day's low.

The Sensex, however, pared gains towards the close and finally ended with a gain of 195 points at 13,056.

The BSE IT index soared 4% (123 points) to 3,218, and the Bankex rallied over 3% (209 points) to 6,688. The Realty index, however, shed 2.3% (82 points) at 3,427.

The market breadth was positive - out of 2,672 stocks traded, 1,476 advanced, 1,120 declined and 76 were unchanged on Wednesday.

INDEX MOVERS...

Satyam [Get Quote] zoomed 7.5% to Rs 319. Jaiprakash Associates [Get Quote] soared 7% to Rs 119.

HDFC Bank [Get Quote] rallied 5.3% to Rs 1,294. Grasim [Get Quote] and Tata Power [Get Quote] surged around 4.5% each to Rs 1,766 and Rs 947, respectively.

Infosys [Get Quote] gained 4% at Rs 1,454. ICICI Bank [Get Quote], Tata Steel [Get Quote] and HDFC advanced 3% each to Rs 551, Rs 439 and Rs 2,204, respectively.

Reliance Communications [Get Quote] and Wipro [Get Quote] moved up 2.8% each to Rs 343 and Rs 349, respectively.

ACC and SBI [Get Quote] added 2.5% each to Rs 627 and Rs 1,501, respectively. ITC gained 2.3% at Rs 192.

Ranbaxy [Get Quote] and Maruti [Get Quote] were up 1.5% each at Rs 252 and Rs 698, respectively.

...AND THE SHAKERS

DLF and Reliance shed 2% each at Rs 345 and Rs 1,907, respectively.

Tata Motors [Get Quote] slipped 1.5% to Rs 339, and Reliance Infrastructure declined over 1% to Rs 782.

VALUE & VOLUME TOPPERS

Reliance Capital [Get Quote] topped the value chart with a turnover of Rs 400.40 crore followed by Reliance (Rs 280.40 crore), ICICI Bank (Rs 246.35 crore), Axis Bank (Rs 235.25 crore) and SBI (Rs 178 crore).

Reliance Natural Resources [Get Quote] led the volume chart with trades of around 1.24 crore shares followed by IFCI (81.85 lakh), Jaiprakash Associates (71.50 lakh), Chambal Fertilisers (55.85 lakh) and Ispat Industries [Get Quote] (49.60 lakh).