Indian markets settled on a cheerful note as Sensex and Nifty extended their record setting spree on Friday buoyed by ECB stimulus programme. Sustained buying interest in auto, realty, capital goods and power stocks also led the rally.

Dipen Shah, Head- Private Client Group Research, Kotak Securities said, "Markets ended the week with 4% gains on benchmarks. Sentiment was buoyed by the higher-than-expected stimulus measure by the ECB as well as the optimism created by RBI's rate cut last week. Marginally better-than-expected growth numbers in China helped several metal stocks. One of the notable features of the week was the stark under-performance of the mid caps with the relevant index up by just about 1%. FII flows remained buoyant and lent adequate support to the markets.
 
The remaining part of the quarterly results as well as budget expectations will drive markets and specific stocks over the next one month. Strong action of the fiscal reforms front will lead to further rate cuts from the RBI and help in overall improvement of growth rates and profitability."

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