Sensex slips 84 points amid choppy trades

The Sensex on Wednesday opened 70 points lower at 15,482 tracking weak cues from the global markets. The index, however, manged to erase all its losses and rebounded into the positive terrain.

The BSE benchmark index exhibited volatility and moved in the narrow range of 235 points.Constant bouts of buying and selling tossed the indices into alternative zones of red and green. The Sensex touched a high of 15,628, however negative opening of the European bourses dragged the index into the negative.

The lacklustre index finally ended at 15,467, down 84 points. The NSE Nifty ended at 4,625, down 37 points.

The BSE Realty index shed around 2% to 4,203 and the auto index was down 1% at 5,941.

The market breadth was marginally negative. Out of 2,845 shares traded, 1,601 declined and 1,162 advanced on the BSE.

INDEX SHAKERS...

Sterlite slipped 3% to Rs 635. BHEL and Jaiprakash Associates declined 2.5% each to Rs 2,201 and Rs 222, respectively.

Maruti, Bharti Airtel and Mahindra & Mahindra dropped over 2% each to Rs 1,511, Rs 413 and Rs 829, respectively.

Grasim, Tata Power, NTPC, DLF, ICICI Bank and Larsen & Toubro were down over 1% each.

...AND THE MOVERS

Reliance Communications gained 4.5% at Rs 276. Hindustan Unilever has advanced 2% to Rs 267.

Hero Honda , TCS and Infosys were up over 1% each at Rs 1,556, Rs 533 and Rs 2,165, respectively.

VALUE & VOLUME TOPPERS

Unitech topped the combined value chart with a turnover of Rs 1,020 crore. It was followed by DLF (Rs 713 crore), Reliance (Rs 667 crore), Aban Offshore (Rs 664 crore) and Tata Steel (Rs 561 crore).

Unitech also led the volume chart with trades of 99 million shares. It was followed by Mahindra Satyam (59 million), IFCI (48 million), Suzlon ( 75 million) and Reliance Natural Resources (31 million).

Image: Bombay Stock Exchange