After taking a pause on Monday, the domestic stock market finally regained its strength and closed the day with strong gains backed by the comments from Prime Minister Manmohan Singh that India can achieve a growth of 8% to 9% with a high savings rate.

The BSE Sensex closed higher by 461.08 points or 3.14% at 15,127 while NSE Nifty settled at 4,550.95, up 121.05 points or 2.73%. The BSE Sensex touched intraday high of 15,161.22 and intraday low of 14,526.69.

Further, the BSE Mid Caps and Small Caps indices also ended the day with gains of 160.87 and 101.73 points at 5,275.72 and 6,185.61 respectively.

Prime Minister stated in its speech that India will achieve an economic growth of at least 7% this fiscal and on the top of this, promised more resources towards infrastructure and public services. The announcement boosted the sentiment of the investors, which prompted to heavy buying across the sectoral indices.

The domestic market opened today on a negative note in the steps of mixed global cues. However it made a smart recovery and kept on marching forward till the final closing of the session.

On sectoral front, the investors on-loaded their position across almost all the segments led by Realty, IT, Metal, Consumer Durables and Capital Goods index.

Gainers from the BSE Sensex pack were DLF (10.07%) followed by JP Associates (8.18%), Reliance Communication (7.37%), L&T (6.39%), Ranbaxy Labs (6.37%), M&M (6.34%), TCS (5.95%) and Tata Power (5.55%).

Losers from the BSE Sensex pack were Grasim Industries (0.64%) and NTPC (0.61%).