Indian stock markets ended the day on a positive note following the Railway Budget. The stock markets welcomed the initiatives in the Railway Budget including plans to improve infrastructure.

The stock index trimmed all its losses and climbed up into the positive amid volatility. Banking, capital goods and power stocks remained in limelight all-through the day.

The Sensex, which opened the day with a loss of 105.77 points, at 14,552.72 ended the week at 14,913.05, up 254.56 points. The broad-based NSE Nifty surged 75.40 points at 4,424.25 after hitting a high of 4,434.45 and a low of 4,298.95.

Mr. Gaurav Dua, head-research, Sharekhan stated, ``The Railway Budget is more reformist than populist. Rather than the giveaways in form of lower passenger tariffs, the focus is on productive utilization of spare land and develop infrastructure railway infrastructure under the public private participation model. No increase in freight tariffs is also positive for many core sectors like steel, cement etc``.

BSE Midcap and Smallcap index gained 0.83% and 0.43% respectively.

Among the sectoral indices, BSE Bankex remained the top gainer, which gained 2.19% followed by , Capital goods, Power and Healthcare moved up over 1% each.

The top gainers in the 30-share index included HDFC (7.74%), Tata Steel (4.32%), Mahindra & Mahindra (3.59%), Reliance Energy (3.17%), ICICI Bank (3.05%), and JP Asso (3.03%).

The major losers in the Sensex included Hero Honda Motors (1.08%), Hindalco Industries (0.95%), Sterlite Industries (India) (0.74%), RCom (0.24%), and ITC (0.03%).

Stock market analyst Abhishek Jain of Stocksidea. com said that technically sensex looking sideways for coming days, and the next major Resistance level of sensex is 15231.

While commenting on the stock market outlook for the coming week, stock analyst Abhishek Jain of Stocksidea. com said that the support for the Sensex is at 14769 - 14418 and the resistance to the up move is at 150887 - 15231.

Technically Sensex looking sideways for coming days, Mr. Jain said.

For Nifty, the support is at 4376 - 4287and the resistance to the up move is at 4458 - 4491.