Sensex ends flat at 10,841

After swinging between a high of 10,924 and a low of 10,793, the Sensex finally ended on a flat note at 10,841.

Hopes of further hike in steel prices amid firm steel prices led to a fresh rally among steel stocks. SAIL soared over 7% to Rs 73. Tata Steel surged 3.4% to Rs 485. Essar Steel, Jindal Steel and Maharashtra Seamless gained over 3% each.

Non-ferrous metals like aluminium and copper stocks, too, joined in the rally. Gujarat NRE Coke zoomed nearly 8% to Rs 99.35. Hindalco, National Aluminium and Sterlite also finished with smart gains today.

SBI advanced 2.8% to Rs 975 after the Union Cabinet approved a proposal for stock split of its subsidiaries. Following which, the three listed subsidiaries of SBI hit their respective upper limtis today. State Bank of Mysore hit the 20% upper limit at Rs 5,481. State Bank of Bikaner and State Bank of Travancore hit their respective 5% upper circuits at Rs 3,691 and Rs 3,654,

respectively.

ACC surged 2.2% to Rs 761. Bajaj Auto rallied 2% to Rs 2,733, and Hindalco moved up 1.7% to Rs 161.

Dr.Reddy's tumbled 3.3% to Rs 1,441 on account of profit-taking after a 10% upmove yesterday.

Reliance Energy, HDFC Bank and Bharti Tele dropped over 2% each to Rs 600, Rs 741 and Rs 379, respectively.

Tata Motors slipped 1.3 % to Rs 906, and Maruti declined 1.2% to Rs 837.

TCS and Satyam were down 1% each at Rs 1,873 and Rs 809, respectively.

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