The domestic bourses staged a relief rally on Wednesday posting
decent gains and snapping losses of the last two trading sessions.
News that Warren Buffett's Berkshire Hathaway has agreed to an
infusion of $5bn in the Goldman Sachs Group boosted sentiments. IT
stocks fell while, Banking and Capital Goods stocks rose. Buying was
also seen in Mid and Small-cap stocks. Market breadth was positive.
The BSE 30-share Sensex ended 1% up while the S&P CNX Nifty was
up by 0.8%. The BSE Mid and Small-cap indices gained marginally by
0.1% and 0.3%, respectively. Among the frontliners, Sterlite Industries,
HDFC Bank, Tata Steel, Reliance Infrastructure and Grasim Industries
gained 2-8% while Wipro, Tata Motors, Infosys, TCS lost 1-5%. In the
Midcap segment, ST Trading Corporation, Ansal Infra, BL Kashyap,
Time Technoplast, Mahindra Life gained 6-14% whereas Opto Circuit,
Orbit Corporation, Deccan Chronicle, Great offshore lost 4-7%.