The Sensex rallied to a high of 17,151, and finally ended with a gain of 405 points at 17,126.
The market breadth was marginally negative - out of 2,763 stocks traded, 1,459 declined and 1,248 advanced today.
The NSE Nifty moved up 112 points to close at 5,112.
INDEX MOVERS...
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Bharti Airtel zoomed 9.6% to Rs 925. Reliance Communications (RCom) soared 8.3% to Rs 577.
ICICI Bank surged 4.5% to Rs 916. HDFC and SBI rallied 4% each to Rs 2,694 and Rs 1,750, respectively. HDFC Bank advanced 3.5% to Rs 1,498.
Reliance Energy gained 4% at Rs 1,359. Wipro moved up 3.7% to Rs 466, and Tata Steel added 3.5% to Rs 803.
ONGC advanced over 2% to Rs 1,055. Reliance and ITC gained 1.7% each at Rs 2,625 and Rs 213, respectively.
Satyam, NTPC and Larsen & Toubro were up over 1% each at Rs 445, Rs 193 and Rs 2,971, respectively.
BHEL and Mahindra & Mahindra were also up 1% each at Rs 1,867 and Rs 636, respectively.
...AND THE SHAKERS
ACC dropped nearly 2% to Rs 783. Maruti and DLF were down around 1% each to Rs 737 and Rs 668, respectively.
VALUE & VOLUME TOPPERS
Reliance Natural Resources topped the value chart with a turnover of Rs 354.40 crore followed by Reliance Capital (Rs 225.30 crore), Bharti Airtel (Rs 210.25 crore), Reliance Communications (Rs 209.20 crore) and Reliance (Rs 207.65 crore).
Reliance Natural Resources led the volume chart with trades of around Rs 2.95 crore shares followed by IFCI (1.56 crore), Ispat Industries (1.42 crore), Nagarjuna Fertlisers (1.40 crore) and Tata Teleservices (1.19 crore).