Indian markets settled on buoyant note on Friday on the back of strong global clues and the cabinet's nod to a nationwide sales tax bill. At the close, the benchmark 30-share index, BSE Sensex added 245.27 points or 0.90% at 27,371.84 with 19 components registering rise. Meanwhile, the broad based NSE Nifty went up by 65.90 points or 0.81% at 8,225.20.

The IT index climbed the most with a gain of 1.99% followed by Metal (1.78%) and Technology (1.44%). On the other hand FMCG dropped by 1.24%. ICICI Bank, Hindalco, Coal India and Wipro are major gainers in the Sensex pack. On the other hand, Bajaj Auto, Bharti Airtel, HUL and ITC are top losers in the benchmark index.

The BSE Mid and small caps underperformed their larger counterparts gaining 0.27% and 0.44% respectively. Overall market breadth was positive with 1,485 advances against 1,437 declines.