Sensex ends 864 pts up

Sensex ends 864 pts up
Biggest intra-day gain
Sensex snaps losing streak 'Malpractices behind market crash' 'Stay away for now'
India's Sensex Snaps Seven-Day Losing

NSE 5203.40 +304.10
BSE 17594.07 +864.13


The sharp 75 basis point cut in US bank rate and the splendid recovery on the Asian bourses brought the bulls back to the ring, and with a number of blue chip stocks holding firm right through the session, the benchmark indices Sensex and Nifty cruised along merrily and snapped a seven session losing streak today.
Realty stocks, which had taken a severe beating over the last two sessions, ended on a high note. Frenzied buying was seen in oil, power, bank, FMCG and metal sectors as well. Information technology, auto, healthcare and PSU stocks also made smart progress.
The Sensex, which was up with a whopping gain of 1267 points at 17,997.11 at one stage this afternoon (this is the barometer's biggest ever intra-day surge), ended the day at 17,594.07, up 864.13 points or 5.17% over its previous closing mark. The Nifty closed with a gain of 6.21% or 374.10 points at 5203.40. In intra-day trades today, the Nifty touched a high of 5328.05.
Reliance Energy (15.95%) was the biggest gainer from the Sensex pack. NTPC closed stronger by around 13.75%. Software stock Satyam Computer Services which had weathered the storm quite admirably yesterday, ended with a strong gain of 10.85%.
State Bank of India notched up a gain of 8.6%. Reliance Industries, Tata Consultancy Services and BHEL gained 8.35%, 8.5% and 8.1% respectively. Bajaj Auto (7.45%), DLF (6.45%), Grasim Industries (5.8%), HDFC Bank (6.65%), Hindalco (6.95%), Reliance Communications (6.85%), Grasim Industries (5.8%) and ITC (4.9%) finished with impressive gains.
ACC, Ambuja Cements, Cipla, Hindustan Unilever, HDFC, ICICI Bank, Infosys Technologies, Larsen & Toubro, Mahindra & Mahindra, Maruti Suzuki, ONGC, Ranbaxy Laboratories, Tata Motors and Tata Steel also ended on a high note. Wipro bounced back from lower levels and closed with a modest gain. Bharti Airtel (down 0.3%) was the only stock from Sensex to end on a negative note today.
Tata Power, Reliance Petroleum, SAIL, Unitech, Punjab National Bank and GAIL India finished with hefty gains. Suzlon Energy, Zee Entertainment, Cairn India, Sterlite Industries, VSNL, ABB, BPCL, Dr. Reddy's Laboratories, Hero Honda and HCL Technologies also ended with handsome gains.
Idea Cellular closed with a sharp loss of 4.3%. Nalco, which enjoyed a bright spell yesterday, ended 3.1% down at Rs 415.25.
Besides large cap stocks, several midcap stocks also had a fine run today. Smallcaps, which opened on a subdued note, bounced back strongly in afternoon trade. A few of them posted impressive gains.
The market breadth was almost neutral when trade ended today. Out of 2722 stocks traded on BSE, 1301 stocks finished with gains. 1400 stocks closed on a negative note and 21 stocks ended at their previous closing levels.

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