The markets ended on a very strong note on disinvestment hopes which the markets had expected from the first Union Budget 2009-10. The Sensex touched a high of 14,800 and closed the day at 14,745 up 495 points or 3.47%. The Nifty gained 143 points or 3.39% to settle at 4375 after touching a day's high of 4390.

The market breadth was positive throughout the day and the total traded volumes increased to Rs 98973 cr. as against Rs 95,168 cr. The Nifty July futures ended with 23 points premium at  4398. All the sectoral indices ended in green. Today’s rally was largely led by gains in auto, banking, realty and IT stocks. Positive global cues also brought confidence among the traders which supported this rally. For this week, both the indices gained around 9%.

Movers & Shakers

The BSE auto index rose 5.1 % on gains in M&M, Ashok Leyland, Hero Honda and Tata Motors were up 6-8% each.

The banking index rose 4.7 %. Among banking stocks, Canara Bank, ICICI Bank and Axis Bank gained over 6.5 % each.

The IT index was up 4.1 %. HCL Tech shot up 11%. Aptech, Rolta, NIIT, Financial Tech and Mphasis were up 6-9%. Tech Mahindra, Infosys, TCS and Wipro were up 3-4%.

In the capital goods space, Siemens, Crompton Greaves, Punj Lloyd, L&T and Suzlon Energy were up 3-7%.

In the telecom pack Bharti Airtel jumped 5.3. Tata Comm, Idea Cellular and MTNL gained 2-3%.

Among the Sensex stocks Reliance Infra was the top gainer. The stock rose 8.4 % to Rs 1,150. M&M, JP Associates and ICICI Bank were the other gainers up over 6.8 % each.