Aban Offshore, Alphageo India, Cairn India, GAIL India, Graphite India, Hindustan Construction Company, HEG, Hinduja Global Solutions, Hindalco, IL&FS Transportation Networks, Jindal Steel & Power, Jindal Drilling, Just Dial, Jyoti Structures, Kaveri Seed Company, Madras Fertilizers, Maharashtra Seamless, Mangalam Cement, Metalyst Forgings, Muthoot Finance, National Aluminium Company, Nirvikara Paper Mills, NMDC, Prakash Industries, SAIL, Shakti Pumps, Skipper, Surana Solar, Tata Motors, Tata Steel, Vijaya Bank, Vimal Oil & Foods and VIP Industries were some of the notable stocks to hit a new 52-week low.
The BSE benchmark index, the Sensex, had opened with a positive gap of 118 points at 27,668. The index touched a low of 27,643, before resuming its uptrend for the day. Frenzied buying in the second half of the trading session saw the BSE index soar to a high of 28,101. The Sensex finally ended with a solid gain of 518 points at 28,067.
The NSE Nifty opened with positive gap of nearly 50 points at 8,402, and rallied past the 8,500-level to a high of 8,530 towards the end of the trading session. The Nifty eventually settled with a huge gain of 163 points at 8,519. The India VIX (Volatility) index slumped nearly 6 percent to 16.02.