The Sensex opened with a small negative gap of four points at 6,889, and soon slumped to an intra-day low of 6,850 on sharp correction in most of the sectors.
While the markets rebounded into the green on healthy selective buying in mid-morning trades, weakness in tech and other select stocks saw the index slip back into lower levels and display a negative range-bound trend till mid-noon trades.
Recovery led by select heavyweights, banking and other old economy counters lifted the Sensex to an intra-day high of 6,918 in late noon trades, before coming off its highs to close with a gain of 15 points at 6,908.
The Nifty, too, after a mixed outing ended six points higher at 2,167.
ONGC scaled up 2% (Rs 19) to Rs 931. While Reliance gained 1.12% (Rs 7) to Rs 594, ITC clocked a per cent gain (Rs 12) to Rs 1,384. HLL ended on a flat note at Rs 144.
SBI shot up 3% (Rs 22) to Rs 742, after early weakness. ICICI Bank was up Rs 2 at Rs 392. HDFC Bank, however, after a mixed outing ended a per cent lower (Rs 3) at Rs 615.
HDFC jumped 2.30% (Rs 18) to Rs 820, while HPCL added 1.28% (Rs 4) to Rs 339.
Grasim and ACC were up a per cent each at Rs 1,397 (up Rs 12) and Rs 369 (up Rs 2), respectively. Gujarat Ambuja, however, ended weak with a per cent loss (Rs 3) at Rs 440.
Bajaj (up Rs 4 to Rs 1,100) and Maruti (up Rs 2 to Rs 461) ended with steady gains. While Hero Honda was up a rupee at Rs 555, Tata Motors ended a tad lower at Rs 468.
Wipro shed 1.43% (Rs 10) to Rs 704. Infosys and Satyam lost a per cent each to Rs 2,232 (down Rs 19) and Rs 416 (down Rs 2), respectively.
Cipla dropped 3.69% (Rs 11) to Rs 285. While Ranbaxy, too, ended lower with a per cent loss (Rs 9) at Rs 1,083, Dr. Reddy's closed up a per cent (Rs 7) at Rs 758.
Bharti came off its lows to end with a small loss of Rs 2 at Rs 227.



