Sensex ends up 54 points; Reliance, Bharti gain 2%

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September 25, 2007 17:00 IST

The Sensex opened with a positive gap of 45 points at 16,891, and soon touched a new all-time intra-day high of 16,928 -- just 72 points shy of the 17,000-mark.

Profit-taking at higher levels saw the index pare gains and drop into red to a low of 16,677 -- down 251 points from the day's high. However, the index rebounded into the positive zone on the back of fresh buying at lower levels.

The Sensex finally ended with a gain of 54 points at a record 16,900. The BSE Oil & Gas index gained 1.3 per cent at 9778. The NSE Nifty ended at 4,938, up 7 points.

The Realty index, however, dropped 3 per cent to 9085. The market breadth was negative -- out of 2,816 stocks traded, 1,654 declined, 1,111 advanced and 51 were unchanged on Tuesday.

Index Movers...

HDFC Bank soared nearly 4 per cent to Rs 1,398. Hindalco surged 3 per cent to Rs 168. Bharti Airtel rallied over 2% to Rs 965. Reliance and Ranbaxy moved up 1.8 per cent each to Rs 2,400 and Rs 424, respectively.

Hindustan Unilever advanced 1.5 per cent to Rs 227. Cipla and Maruti were up over 1 per cent each to Rs 169 and Rs 991, respectively.

...And The Shakers 

Mahindra & Mahindra plunged 2.6 per cent to Rs 763. Bajaj Auto slipped over 2 per cent to Rs 2,519. SBI and Wipro dropped 1.6 per cent each to Rs 1,804 and Rs 436, respectively.

Larsen & Toubro is down over 1 per cent to Rs 2,865.

Value & Volume Toppers

IFCI topped the value chart with a turnover of Rs 449 crore followed by Reliance Natural Resources (Rs 441.60 crore), J P Hydro-power (Rs 275.30 crore), Reliance Petro (Rs 266.60 crore) and Reliance Energy (Rs 238.50 crore). Reliance Natural Resources led the volume chart with trades of around 4.72 crore shares followed by IFCI (4.42 crore), Ispat Industries (4.33 crore), J P Hydro-power (3.70 crore) and Tata Tele (2.76 crore).

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