Author: Elena Todorova
123jump.com
Last Update: 10:30 AM EST November 01 2006

The Sensex recovered from an early plunge Wednesday, as trading was gripped by high volatility and surged in the afternoon session. Reliance Industries led the comeback, helping the benchmark index close at an all-time high, above the 13,000 level. The rally was range-bound as some small-cap and mid-cap stocks declined. Reliance Industries surged on the back of bullish reports. Bharti Airtel and Reliance Communications also rallied. HDFC and ONGC led the decliners.