After hovering between positive and negative territory, the domestic market finally settled the day with decent gains on fresh buying momentum.

In addition, firm cues from the markets all over world along with higher US index futures also contributed to the upturn of the benchmark indices.

The BSE Sensex closed higher by 256.36 points or 1.80% at 14,521.89 and NSE Nifty ended up by 62.20 points or 1.46% at 4,313.60. The BSE Sensex touched intraday high of 14,559.08 and intraday low of 14,179.77.

Further, the BSE Mid Caps and Small Caps indices also ended the day with gains of 81.87 and 45.52 points at 4,958.73 and 5,617.96 respectively.

On the sectoral front, investors were seen on-loading their position across the sectors. However, most of the buying was witnessed in Capital Goods, Realty, Metal, IT, Bank, Power and Pharma stocks.

The market opened its account on Friday at pleasant note, tracking favorable cues from the markets all over the world. However, during the mid-noon session, the Indian benchmark indices came under selling pressure and slipped into red territory. But, once again, the market gained its momentum and closed the day with smart gains.

Gainers from the BSE Sensex pack were Tata Steel (5.85%), L&T Ltd (5.71%), Tata Motors (5.08%), Reliance Infra (5.08%), JP Associates (4.68%), Ranbaxy Lab (3.68%), ITC Ltd (3.50%), Grasim Industries (3.15%) and Sterlite Industries (2.97%).

Losers from the BSE Sensex pack were NTPC Ltd (2.20%), Tata Power (1.06%), ACC Ltd (1.02%), M&M Ltd (0.58%), Sun Pharma (0.24%) and ONGC Ltd (0.23%).