Mkts display high volatility; Sensex ends -79 points: Sify.Com

Mkts display high volatility; Sensex ends

NIFTY 5519.35 -41.70
SENSEX 18526.32 -76.30

Thanks to hectic buying in a few blue chip stocks including State Bank of India, Maruti Suzuki, ACC, ICICI Bank and Bajaj Auto during the fag end of the session, the Sensex, which was struggling deep down in the red for a long time today, very nearly settled in the positive zone.

Though it opened on a positive note and spurted 142 points to 18,744.55 in early trade this morning, the Sensex tumbled into the red soon as weak global markets and heavy outflow of funds in recent sessions dampened the mood and knocked the wind out of several blue chip stocks. The market then witnessed a few smart intra-day rallies with one blue chip or the other recording an impressive surge every now and then.

The indices had a roller-coaster ride as every sharp rally was followed by an equally sharp setback, and this trend was visible almost till the end of the session today. Still, the barometer's final loss of 76.30 points or 0.41% was quite negligible considering the fact that it was down with a staggering loss of nearly 420 points at 18,182.83 at one stage this afternoon.

While the Sensex ended the session at 18,526.32, the Nifty finished at 5519.35 with a loss of 0.75% or 41.70 points. In intra-day trades today, the Nifty hit a high of 5608.65 and a low of 5394.35. State Bank of India ended with a handsome gain of 4.05% at Rs 2241.80. ACC (2.25%), ICICI Bank (2.2%), Bajaj Auto (2.1%), Maruti Suzuki (1.65%) and Hindalco (1.05%) also closed on a firm note.

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