It was a spectacular session for markets, which ended second straight day on a stronger note. Stunning performance was seen from banking, realty, oil, capital goods, power and FMCG stocks. The Sensex gained over 1100 points and Nifty 300 points from weekly lows of 12,514 and 3,790, respectively. Reliance Industries, Bharti Airtel, ICICI Bank, ONGC, HDFC and L&T were top contributors in the gain of indices.

Sensex surged 572.42 points to hit an intraday high of 13,684.27. It closed at 13,635.40, a jump of 523.55 points or 3.99% over previous close.

Nifty clawed back above 4100 and touched a high of 4110.55 with a gain of 163.35 points. But it ended at 4092.25, gain of 145.05 points or 3.67%.

On the weekly basis, Sensex jumped up around 1.3% and Nifty up around 1.2%. BSE IT Index plunged 8.3% due to weak guidance from tech giants like Satyam and Wipro. BSE Metal Index fell 7.5%. Top buzzers are BGR Energy, ORG Info and Essar Shipping, which rose 33%, 25% and 11%, respectively.

Amongst frontliners, ICICI Bank rose 12.05%, HDFC 9.47%, HDFC Bank 7.87%, Jaiprakash Associates 7.72%, DLF 7.16% and Bharti Airtel 7.10% while Satyam lost 7.51%, HCL Tech -5.36%, Wipro -3.75 %, Ranbaxy Labs -3.26%, Tata Steel -2.43% and Infosys -2.20%.

Banking stocks were outperformers of the day, index shot up by 461.29 points or 8.05% to settle at 6,188.89. This includes ICICI Bank, Yes Bank, Axis Bank, HDFC Bank, PNB, Union Bank, SBI, Bank of India and IOB, which went up 5-12%.

Splendid performance was also seen from realty stocks like Ansal Properties, Indiabulls Real, DLF, Orbit Corporation, HDIL, Sobha Developers and Unitech, which surged 4.5-8%. Index ended with a gain of 242.22 points or 5.47% at 4,670.24.

Oil & Gas Index gained 379.96 points or 4.29% at 9,232.04 due to huge buying in GAIL, Reliance Ind, IOC, HPCL, ONGC and Essar Oil, which rose 4-5.4%. Crude was up by USD 2.09 at USD 131.38 per barrel on the NYMEX.

Capital Goods stocks like Alstom Projects, BEML, BHEL, Punj Lloyd and L&T moved up by 4-6%. Index was up 384.50 points or 3.57% to settle at 11,146.51.

Power stocks also completely charged up, gained 2.7%-6%. This includes Reliance Infra, Power Grid Corp, NTPC, Lanco Infratech, ABB and Neyveli Lignite. Power Index shot up 79.04 points or 3.43% at 2,381.81.

FMCG Index rose 2.79% to close at 1,996.04. Colgate, ITC, Marico, Nestle and P&G gained 2.8%-5.6%.

Auto stocks like Escorts, Maruti Suzuki, Hero Honda, Bharat Forge, Tata Motors, MRF and M&M ended with strong gain. Index jumped up by 1.84% at 3,600.93.

Healthcare Index rose 0.37% at 3,990.85 due to buying in Glenmark, Wyeth, Dr Reddy's Labs, Ipca Labs, Sterling Bio, Cadila Health and Cipla. However, Ranbaxy hammered a lot, down 17.5% in this week, on concerns that probe by USFDA may hit sales of the company. It closed at 437.45, down 3.26% for the day.

BSE Midcap ended with a gain of 84.05 points or 1.63% at 5,239.39 and Small cap Index up 1.08% at 6,455.89. Amongst midcap stocks, Patel Engg, Essar Shipping, Jet Airways, Guj NRE Coke, Yes Bank and Shriram City shot up by 9-12%

In the small cap space, Arihant Found, Banco Products, Numeric Power, Usher Agro, Selan Explore and Empire Ind gained 11-16%.

However, IT Index lost 94.55 points or 2.57% at 3,580.65 due to poor guidance from Satyam and Wipro. Satyam, Mphasis, HCL Tech, Wipro and Infosys crashed 2-7.5%.

Market breadth was positive; about 1748 shares have advanced while 1157 shares declined. Nearly 245 shares remained unchanged.

Total turnover traded by markets stood at Rs 70,983.73 crore. This includes Rs 12,870.69 crore from NSE Cash segment, Rs 52,794.98 crore from NSE F&O and the balance Rs 5,318.06 crore from BSE Cash segment.

Asian markets were trading mixed. Shanghai Composite and Hang Seng were marginally up; however, Taiwan Weighted, Straits Times and Seoul Composite trading lower.