The Bombay Stock Exchange benchmark Sensex plunged by 442.20 points to a two-year low of 12,153.55 in early trade on Tuesday on all-round selling by funds following rejection of the $700-billion package by US House of Representatives.
However, the Sensex has recovered smartly soon after the Securities and Exchange Board of India allayed fears of the US financial crisis affecting Indian markets, saying there was no panic as it was monitoring the situation very closely.
The Sensex closed up 253.99 points, or 2.02 per cent at 12849.74. The NSE Nifty ended up 60.70 points, or 1.55 per cent, 3,910.75.
ICICI Bank skyrocketed 10% to Rs 542. TCS zoomed 8.3% to Rs 671. HDFC surged 7.5% to Rs 2,185.
BHEL gained 7.2% to Rs 1,618. Jaiprakash Associates moved up nearly 6% to Rs 113.
Bharti Airtel surged 5.5% to Rs 788. SBI was up over 5% at Rs 1,476. Maruti advanced 4.8% to Rs 694.
Larsen & Toubro and NTPC were up 4.7% at Rs 2,455 and Rs 174, respectively.
Satyam added 4.4% to Rs 305. DLF inched 3.7% to Rs 364.
Reliance Communications, HDFC and Reliance were the other major gainers today.
Tata Motors tumbled 3.7% to Rs 343, while Tata Steel declined 2.7% to Rs 433.
Grasim was down 2.3% to Rs 1,692. ITC shed nearly 2% at Rs 187.
Image: A ticker on the facade of the Bombay Stock Exchange. | Photograph: Indranil Mukherjee/AFP/Getty Images
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