Hindalco, Tech Mahindra hit 52-week lows

Aban Offshore, Adani Enterprises, Asian Hotels (West), DB (International) Stock Brokers, Educomp Solutions, Hindalco Industries, Hubtown, Jindal Steel & Power, National Aluminium Company, Oil India, Rajshree Sugars & Chemicals, Sharon Bio-Medicine, Tata Motors, Tech Mahindra, UCO, Vedanta and Vimal Oil & Foods were some of the notable stocks at 52-week low.

On Monday, the BSE benchmark index, the Sensex, opened with a huge negative gap of 236 points at 27,857, and soon slipped to a low of 27,775 on the back of all-round selling pressure.

The buying gained momentum in the towards the end of the trading session, partly aided by some short-covering in select index stocks. The Sensex rallied to a high of 28,235 - up a solid 460 points from the early morning lows.

The Sensex finally ended with a gain of 116 points at 28,209.

The NSE Nifty opened almost 100-points lower at 8,386, but bounced back into the positive zone and soared to a high of 8,533 towards the fag end of the day. The Nifty eventually settled with a significant gain of 37 points at 8,522.

The India VIX  (Volatility) index was down 1.8 percent at 16.0175.