BSE Sensex overcomes inflation jitters to end up nearly 1 percent

Other stocks that gained were Hindalco (up 1.67 percent to Rs.176.35), Tata Steel (up 0.92 percent to Rs.692.20), Jaiprakash Associates (up 0.59 percent to Rs.214.05) and Cipla (up 0.07 percent to Rs.214.20).

The top loser of the day was Ambuja Cements which fell 3.61 percent to Rs.117.60.

IT majors Infosys Technologies and Wipro plunged 2.13 percent and 0.09 percent to Rs.1422.45 and Rs.406.30 respectively.

FMCG majors Hindustan Unilever (HUL) and ITC declined 2.02 percent and 1.83 percent to Rs.235.15 and Rs.204.15 respectively.

Other stocks to end in the red were Ranbaxy Laboratories (down 1.58 percent to Rs.443.55), ICICI Bank (down 1.56 percent to Rs.788.45), Grasim Industries (down 0.78 percent to Rs.2550), DLF (down 0.34 percent to Rs.598), Tata Motors (down 0.25 percent to Rs.622), ACC (down 0.22 percent to Rs.812.60) and ONGC (down 0.21 percent to Rs.1000.25).

Among the sectoral indices, Consumer Goods, Oil & Gas, and Power gained the most, rising 2.86 percent, 2.82 percent and 2.08 percent. PSU, Metal, Consumer Durables, Auto and TECk climbed in the range of 1.61-0.17 percent.

The FMCG, Bankex, IT, Realty and Healthcare counters ended down 1.29 percent, 0.64 percent, 0.47 percent, 0.29 percent, and 0.08 percent respectively.

The BSE Midcap and Smallcap indices ended on a positive note, climbing 0.68 percent and 0.63 percent to 6523.22 and 8081.43 respectively.

The BSE market breadth was overall positive as 1637 shares advanced, 1050 shares declined and 62 shares remained unchanged.

The broader 50-share S&P CNX Nifty index of the National Stock Exchange (NSE) rose 0.95 percent to 4,777.80, its highest close since Feb. 28. The index touched a high of 4,817.40 and low of 4,727.25 during intraday day.