At the close, the benchmark 30-share index, BSE Sensex added 351.61 points or 1.58% at 22,628.84 with 28 components posting rise. Meanwhile, the broad based NSE Nifty went up by 104.10 points or 1.56% at 6,779.40 with 47 components registering rise.

Commenting on the markets, Dipen Shah, Head-Private Client Group Research, Kotak Securities said, ''The markets ended the week with a strong up-move of more than 1.5% on Friday, post consolidation. This gain erased the losses suffered earlier in the week. Benchmarks ended the week flat. Defensives like IT / FMCG, etc outperformed sectors like Capital Goods and Metals, though marginally.''

''We believe that, the markets continue to be driven by expectations of a favourable outcome of the elections, with valuations now at above the long term average for the benchmarks. Early implementation of important domestic reforms is needed, for markets to sustain and move up from current levels.''

Sensex Movers

I C I C I Bank contributed rise of 58.65 points in the Sensex. It was followed by I T C (51.29 points), Reliance Industries (36.48 points), Tata Motors (31.69 points) and State Bank Of India (25.4 points).

However, H D F C Bank contributed fall of 16.49 points in the Sensex. It was followed by D L F (1.29 points), Reliance Communications (1.4 points) and NTPC (1.54 points).

Biggest gainers in the 30-share index were Hindalco Industries (4.40%), Tata Motors (4.24%), Jindal Steel & Power (3.97%), I C I C I Bank (3.25%), Bharat Heavy Electricals (3.10%), and State Bank Of India (2.96%).

On the other hand, and H D F C Bank (0.92%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 1.47% and 1.43% respectively.

The major gainers in the BSE Midcap were Alstom India (3.55%), Allahabad Bank (3.44%), Aban Offshore (2.58%), A I A Engineering (0.46%) and A B G Shipyard (0.21%).

The major gainers in the BSE Smallcap were Adhunik Metaliks (3.93%), Aarti Industries (2.78%), Action Construction Equipment (2.31%), Styrolution ABS (India) (1.15%) and Trident (1.07%).

Sectors in Limelight

The Realty index was at 1,492.84, up by 40.59 points or by 2.79%. The major gainers were Godrej Properties (5.6%), Housing Development and Infrastructure (4.31%), Indiabulls Real Estate (3.83%), Anant Raj (3.23%) and D L F (0.98%).

The Auto index was at 13,494.62, up by 297.32 points or by 2.25%. The major gainers were Hero Motocorp (2.29%), Ashok Leyland (1.32%), Exide Industries (1.17%), Bharat Forge (0.81%) and Bajaj Auto (0.65%).

The Metal index was at 10,266.72, up by 186.27 points or by 1.85%. The major gainers were Hindalco Industries (4.4%), Jindal Steel & Power (3.97%), JSW Steel (2.8%), Hindustan Zinc (1.86%) and Coal India (0.14%).

The Power index was at 1,767.29, up by 31.50 points or by 1.81%. The major gainers were Reliance Infrastructure (3.33%), Bharat Heavy Electricals (3.1%), A B B India (1.95%), Adani Power (0.87%) and C E S C (0.64%).

Market Breadth

Market breadth was positive with 1,783 advances against 1,064 declines.

Value and Volume Toppers

Bayer CropScience topped the value chart on the BSE with a turnover of Rs. 2,782.62 million. It was followed by State Bank Of India (Rs. 639.21 million), D L F (Rs. 353.91 million) and Reliance Industries (Rs. 339.35 million).

The volume chart was led by Unitech with trades of over 7.49 million shares. It was followed by Moh (6.45 million), Future Retail (2.31 million) and D L F (2.22 million).