An evening walk down Dalal Street

Bulls took back all the momentum from bears on Friday, as benchmarks managed to end the day and week on a very strong note. The Sensex closed up over 390 points, while the Nifty scaled past 11,350. Both indices posted biggest one-day gains in more than a month.

The day began on a positive note, as benchmarks mirrored the performance of global markets as well. But indices extended their gains in the last hour to end at these levels. There was buying visible across the board. Banks, metals and FMCG were the major sectoral gainers, while midcaps too saw a big gain; up almost a percent.

The Sensex is up 391.00 points or 1.05% at 37556.16, while the Nifty is up 116.10 points or 1.03% at 11360.80. The market breadth is positive as 1,736 shares advanced, 942 shares declined, while 158 shares are unchanged.

Axis Bank, Vedanta, and Indiabulls Housing were the top gainers, while Tata Motors, Hero MotoCorp, and Tech Mahindra have lost the most.