The Sensex, thereafter, exhibited range bound movement before settling with a gain of 25 points at 16,348.

The Nifty gained 15 points to close at 4,748.

The BSE Realty index zoomed nearly 7% to 9044. While the IT index dropped over 2% to 4391, the FMCG index gained 1% at 2166.

The market breadth was negative - out of 2,855 stocks traded, 1,589 declined, 1,212 advanced and 54 were unchanged today.

Index Movers...

Reliance Energy [Get Quote] soared 4.4% to Rs 988, Mahindra & Mahindra zoomed 4% to Rs 770.

ITC surged 3.8% to Rs 194. Larsen & Toubro gained 3% at Rs 2,746.

Hindalco [Get Quote] and Grasim [Get Quote] moved up 1.6% each to Rs 162 and Rs 3,380, respectively. Tata Motors [Get Quote] added 1.4% to Rs 732.

...And The Shakers

Wipro [Get Quote] and Infosys [Get Quote] plunged around 3% each to Rs 433 and Rs 1,800, respectively. TCS [Get Quote] and Satyam [Get Quote] dropped 2% each to Rs 1,001 and Rs 421, respectively.

Maruti [Get Quote] slipped 1.7% to Rs 910. ACC, Hindustan Unilever and Ranbaxy [Get Quote] declined 1.3% each to Rs 1,138, Rs 214 and Rs 408, respectively.

Dr.Reddy's and Ambuja Cements were down 1% each at Rs 639 and Rs 146, respectively.

Value & Volume Toppers

DLF topped the value chart with a turnover of around Rs 372.70 crore followed by Wipro (Rs 230 crore), Magnum Ventures (Rs 161.40 crore), Indiabulls [Get Quote] Realestate (Rs 137.50 crore) and Reliance Natural Resources [Get Quote] (Rs 136.50 crore).

Magnum Ventures led the volume chart with trades of around 2.91 crore shares followed by Reliance Natural (2.48 crore), IKF Technologies [Get Quote] (1.90 crore), Tata Teleservices [Get Quote] (1.29 crore) and Ispat Industries [Get Quote] (1.12 crore).