The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) surged by 473.47 points to close above the 29000-mark again at 29220.12.
The rally was led by realty stocks which gained 4.25 per cent followed by capital goods (3.80 per cent), power (3.17 per cent) and metal 3.02 per cent.
Among the broader indices BSE 100 gained 1.84 per cent and BSE 200 1.81 per cent. Mid cap stocks gained 1.84 per cent and small cap 1.40 per cent.
On the National Stock Exchange (NSE) the 50-share Nifty closed at 8844.60 with a gain of 160.75 points.
PTI reports:
Rupee loses 8 paise
Retreating from three-week highs, the Indian rupee on Friday slid 8 paise to end at 61.83 on month-end dollar from importers and some banks ahead of Union Budget.
The rupee resumed lower at 61.85 a dollar as against the Thursday’s closing level of 61.75 at the inter-bank foreign exchange market. It dropped further to 61.91 on good dollar demand from importers.
However, the domestic currency recovered to 61.75 on selling of dollars by banks and exporters before finishing at 61.83 a dollar, showing a loss of 8 paise or 0.13 per cent.