BSE-benchmarked Sensex rebounded sharply from yesterday's tedious trading to end the day with handsome gains as strong buying emerged across the board.

The market today cheered the day also on behalf of comments from Finance Secretary Ashok Chawla, in which he stated that the government's record market borrowing programme would not pressure bond yields as well as interest rates.

The BSE Sensex closed higher by 494.67 points or (3.47%) at 14,744.92 while NSE Nifty ended up by 143.55 points or (3.39%) at 4,374.95. The BSE Sensex touched intraday high of 14,800.70 and intraday low of 14,325.58.

Further, BSE Mid Caps and Small Caps indices also settled the day with gains of 115.17 and 135.34 points at 5,105.59 and 5,680.90 respectively.

The domestic market today opened the day, on pleasant note tracking firm cues from the global markets. Further, Indian benchmark indices continued to extend gains and ruled higher through rest of the trading session.

During last trading hours market witnessed sharp rally to close near day's high on behalf of strong rally in the stock markets, across the world.

On the sectoral front, investors were seen on-loading fresh positions across various sectors. In addition, BSE Mid Caps and Small Caps stocks also remained on buyers' radar.

The gainers from the BSE Sensex were Reliance Infra (8.44%), M&M Ltd (8.07%), JP Associates (7.20%), ICICI Bank (6.82%), Tata Motors (6.68%), Herohonda Motors (6.49%), Hindalco (6.31%), ITC Ltd (5.99%), HDFC (5.85%), Bharti Airtel (5.33%), Tata Power (5.03%), DFL Ltd (5.02%), SBI (4.19%), Infosys Tech (4.01%), HDFC Bank (3.64%) and Grasim Industries (3.62%).

The losers from the BSE Sensex pack were Sterlite Industries (0.42%), NTPC Ltd (0.15%) and Reliance (0.05%).