Diwali gift: Sensex 516 pts up at closing

Tata Motors, Jaiprakash Associates, ICICI Bank and DLF shot up 7-8 percent. L&T, from the capital goods space, surged 4.6 percent.
Reliance Industries, L&T, HDFC, HDFC Bank, ONGC, TCS, SBI and BHEL rallied 2-3 percent.
However, BPCL plunged 3 percent after a 4 percent rally in crude oil prices. Maruti Suzuki fell 2% ahead of second quarter earnings.
Total traded turnover was more than 1.1 lakh crore. The market breadth was not so great; about 1702 shares advanced as against 1210 shares declined on BSE.
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