It was a day of absolute strength for the markets. The bulls were back with vengence they not only reversed yesterday's loses but added more weight to close near the highest point of the day. Sensex added over 1150 points and Nifty closed with gains of around 350 points. The breadth wasin favour of advances and NSE advance:decline was at 3:1. Banking, power and realty stocks were among the star performers. Broader markets alos joined in the party and ended higher but the frontliners outperformed.

All the Sensex and Nifty stocks closed in green. Stocks were buzzing today Unitech was up 20%, Reliance Energy up 11%, L&T up 10%. ICICI Bank, ONGC and Nalco were up over 9% each, followed by GAIL, Ranbaxy, Tata Motors, Mahindra & Mahindra and Sun Pharma.

On a weekly basis, Nifty closed down 320 points after swinging  around 910 points Sensex down over 600 points after swinging over 3050 points. This week saw the biggest single day absolute gain for Sensex.

Sensex closed up 1,139.92 points or 6.62% at 18361.66, and the Nifty up 349.90 points or 6.95% at 5383.35.

About 1629 shares have advanced, 1309 shares declined, and 47 shares are unchanged