Indian equity markets ended last day of the week with a hefty gain, riding piggyback on the decline in inflation rate and strong global markets. Rate sensitive sectors such as banking, realty and auto stocks were in demand.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 14,279.02 points, touched a high of 14,586.16 points before closing at 14,564.53 points. It went up by 516.19 points at the day's close.

The National Stock Exchange (NSE) S & P Nifty, which opened at 4,230.60 points, closed at 4,360.00 points. It went up by 146 points.

The BSE Midcap index, which closed at 5,742.29 points, went up by 133.44 points.

The BSE Smallcap index, which closed at 6,891.64 points, went up by 109.34.

The market breadth was positive. On the BSE, 1,851 shares advanced, 790 declined and 101 maintained status quo.

Top gainers of the day included State Bank of India at Rs 1,309.45 up 7.16 per cent, Reliance Infrastructure Rs 935.30 up 5.67 per cent, and ICICI Bank Ltd at Rs 633.90 up 5.93 per cent.