After Wednesday's massive 520 points rally, the Sensex on Thursday opened on a flat note. It slipped into the negative for a while and touched a low of 14,078.
However, it rebounded into the positive and continued to move sideways, as investors covered short positions on expiry of derivatives segments. The index surged to a high of 14,377 on some buying in the metal, realty and the banking stocks.
The Sensex finally ended 186 points higher at 14,296. The NSE Nifty ended at 4,337, up 61 points.
Metal index added 3% at 10,550. Bankex and Realty were up 2% at 8,163 and 3,577.
The market breadth was positive, out of 2,812 shares traded, 1,736 advanced, 1,022 declined and 54 were unchanged on the BSE on Thursday.
INDEX MOVERS...
Ranbaxy soared over 4% to Rs 273. Sterlite and Bharti Airtel have added over 3.5% each at Rs 612 and Rs 795, respectively.
NTPC, Tata Steel, ICICI Bank,Tata Steel and Maruti gained over 2.5%each at Rs 207, Rs 384, Rs 729, Rs 384 and Rs 998, respectively.
Larsen &Toubro, TCS, Mahindra & Mahindra, SBI, ONGC and HDFC Bank were up over 2% each at Rs 1,342, Rs 660, Rs 634, Rs 1,829, Rs 1,131 and Rs 1,436.
BHEL, DLF, ACC and Reliance aaded 1-2% each.
...AND THE SHAKERS
Tata Motors dropped 3% to Rs 332.
Grasim and Wipro slipped 2.5% each to Rs 2,184 and Rs 364, respectively.
Reliance Infrastructure and Reliance Communication were the other losers.