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Market at end Mon, July 04, 2008 - Sensex ends up 360pts, RCom zooms 12%

The Sensex opened with a positive gap of 33 points at 13,127, but dropped to a low of 13,028 in early deals. Buying in heavyweights like L&T, ICICI Bank and Reliance saw the index zoom to a high of 13,510 - an intra-day gain of 482 points. The Sensex finally closed with a gain of 360 points (2.75%) at 13,454.

The BSE Realty index advanced 7.8% (335 points) to 4,630. The BSE Capital Goods and Power indices moved up over 6% each to 10,686 and 2,306, respectively. All the other sectoral indices, except the metal index, logged gains today. The metal index was down 0.63% (76 points) at 12,038.

Advances were ahead of declines nearly 2:1 - out of over 2,670 scrips traded, nearly 1,700 logged gains and over 890 declined.

RCom zoomed 12.5% to Rs 438. Jaiprakash advanced 11% to R 153. DLF moved up 8.5% to Rs 414. BHEL was up 7% at Rs 1,500.

L&T and HDFC gained over 6% each at Rs 2,380 and Rs 2,055, respectively.

ICICI Bank was up over 4% at Rs 600. Reliance moved up 1% to Rs 2,099. Ranbaxy, Ambuja, HUL, Satyam, SBI and ONGC also closed with gains today.

Tata Steel dropped over 2% to Rs 640. Cipla, TCS and Wipro also declined today.

Reliance Capital was the most active counter with a turnover of Rs 505 crore followed by Reliance (Rs 447 crore), Reliance Infra (Rs 260 crore), RNRL (Rs 193 crore) and Reliance Petroleum (Rs 190 crore).

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