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Sensex swings 1,100pts, ends up 18pts
UTVi News Desk
Published on Tue, May 19, 2009 at 20:05 IST

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MUMBAI: After the blowout 2,110 point rally yesterday, positive global cues added to the bullish sentiment. The Sensex opened with a huge positive gap of over 470 points at 14,758 but dropped to a low of 13,834 in morning deals. Fresh buying at lower levels saw the index move up to a high of 14,930 - an intra-day swing of nearly 1,100 points. The Sensex finally closed with a marginal gain of 18 points (0.12%) at 14,302.

The BSE Realty index gained nearly 13%. The BSE IT index slipped over 10%. Market breadth was bullish - out of over 2,710 scrips traded, over 1,920 logged gains.

DLF zoomed to a high of Rs 423 but closed with a gain of over 19% at Rs 385. SBI advanced over 11% to Rs 1,754. RCom added over 10% at Rs 316.

Grasim and M&M gained over 9% each at Rs 2,289 and Rs 627, respectively. L&T, Maruti, ICICI Bank, ACC and ONGC also closed with gains.

Infosys dropped over 11% to Rs 1,564. Wipro declined over 9% to Rs 386. Reliance slipped over 5% to Rs 2,235. Ranbaxy, ITC, TCS, Hindalco and HUL also declined.

Total market turnover (BSE+NSE) zoomed over Rs 1.58 lakh crore - never seen after October 18, 2007. DLF was the most active counter on the BSE with a turnover of Rs 897 crore followed by Reliance Capital (Rs 580 crore) and ICICI Bank (Rs 537 crore).

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