The Sensex opened with a huge positive gap of 158 points at 12,573. After moving to higher levels, the market witnessed profit-taking and the index dropped to a low of 12,427.
The index, however, bounced to higher levels backed by aggressive buying in technology stocks. The Sensex rallied to a high of 12,760 before settling with a gain of 282 points (2.3%) at 12,697.
The Nifty gained 79 points to close at 3,656.
The BSE IT index zoomed nearly 5% to 4962. The Bankex advanced over 2% to 6353, and the Healthcare index was up over 1% at 3367.
The market breadth was negative - out of 2,584 stocks traded, 1,459 declined, 1,080 advanced and 45 were unchanged today. IT LEADS Wipro soared over 8% to Rs 581. Infosys zoomed 5.5% to Rs 2,116. Satyam surged 5% to Rs 434, and TCS added 3% to Rs 1,199. ACC rallied 5% to Rs 854. Bharti Airtel and ICICI Bank advanced 4% each to Rs 718 and Rs 852, respectively.

