Author: Elena Todorova
123jump.com
Last Update: 10:37 AM EDT August 30 2006

The Sensex on BSE has gained 317 points, or nearly 3% in the last five sessions. The benchmark index closed almost flat, after a firm start and a volatile and session. The markets managed to surge in the latter part of trading boosted by gains in large-caps. Reliance Industries, State Bank of India, ITC and Ranbaxy led the advancers. Hotel stocks finished also higher, while the aluminium, engineering and steel stocks slipped.