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The Sensex opened with a bang at 15,326 - up 493 points - on positive cues from the global markets after the US Fed cut interest rates by 75 basis points. The index touched a high of 15,467 in opening trades.
Profit-taking saw the index pare gains as the day progressed, and dropped to a low of 14,930 - down 537 points from the day's high in late noon trades. The Sensex finally ended with a gain of 161 points at 14,995.
The index thus ended the holiday-shortened week with a loss of 766 points. The markets are closed on Thursday and Friday.
The market breadth was fairly negative - out of 2,749 stocks traded, 1,919 declined and 764 advanced on Wednesday.
The NSE Nifty touched a high of 4,718, but settled with a gain of 41 points at 4,574. The index was down 172 points for the week.
Index movers
Satyam [Get Quote] and Tata Motors [Get Quote] surged over 5% each to Rs 390 and Rs 650, respectively. Wipro [Get Quote] gained 4.6% to Rs 377.
Mahindra & Mahindra rallied 3.5% to Rs 658. Ambuja Cements and HDFC Bank [Get Quote] advanced over 3% each to Rs 123 and Rs 1,270, respectively.
Larsen & Toubro and Bharti Airtel [Get Quote] moved up over 2.5% each to Rs 2,839 and Rs 778, respectively.
ACC, ITC and Infosys [Get Quote] gained over 2% each at Rs 776, Rs 187 and Rs 1,342, respectively.
And the shakers
Hindalco [Get Quote] plunged over 4% to Rs 155. Hindustan Unilever dropped 2.5% to Rs 225.
DLF and Reliance Energy [Get Quote] slipped nearly 2% each to Rs 623 and Rs 1,206, respectively.
| Major Gainers | Major Losers | ||||
| Name | Close | % Chg | Name | Close | % Chg |
| International Conveyors [Get Quote] | 150.05 | 20.0 | Super Tannery [Get Quote] | 9.60 | -78.2 |
| Ras Resorts | 35.95 | 16.2 | State Trading Corporation | 398.40 | -55.0 |
| Bilcare | 728.00 | 13.0 | Sutlej Textiles | 73.00 | 15.6 |
| ANG Auto [Get Quote] | 94.45 | 12.4 | Vadilal Enterprises [Get Quote] | 65.00 | 15.5 |
| Hindustan Sanitaryware | 45.10 | 12.3 | S.Kumars Nationwide | 114.25 | 14.9 |
| (Close = Stock pirce at the end of day in Rs) | |||||
Value and volume toppers
Reliance Capital [Get Quote] topped the value chart with a turnover of Rs 316.70 crore followed by Reliance Energy (Rs 303.20 crore), GSS America (Rs 259 crore), Reliance (Rs 211 crore) and Reliance Natural Resources [Get Quote] (Rs 203.80 crore).
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