Sensex ends up 74pts, L&T gains 4%

The Sensex opened on a flat note at 12,267, and dropped to a low of 14,219 in early deals. Buying in heavyweights like L&T, Reliance and ICICI Bank saw the index move up to a high of 14,421 in noon deals - an intra-day swing of over 200 points. The Sensex finally closed with a gain of 74 points (0.52%) at 14,349.

The BSE Oil & Gas and Capital Goods indices closed with gains of over 1% each. The BSE Metal Index was down over 1%. The market breadth was bullish - out of over 2,690 scrips traded, over 1,765 logged gains.

L&T gained nearly 4% at Rs 2,723. Tata Power moved up over 3% to Rs 1,052. ACC and ONGC were up over 3% each at Rs 593 and Rs 1,012, respectively.

Reliance added 1.5% at Rs 2,179. Ranbaxy, RCom, ICICI Bank, TCS and Wipro also closed with gains.

Sterlite declined over 3% to Rs 582. Tata Steel, Hindalco, M&M, SBI and Infosys also declined today.

L&T was the most active counter with a turnover of Rs 295 crore followed by Reliance (Rs 263 crore), Reliance Capital (Rs 197 crore), HDIL (Rs 189 crore) and RNRNL (Rs 161 crore).