The Sensex opened with a positive gap of 273 points at 17,560 on the back of strong US markets on Thursday and a rally in Asia. Autos, IT and selective banking stocks were the key movers.

The Sensex rallied to a high of 17,621, and finally ended with a gain of 313 points at 17,600.

The market breadth was marginally positive - out of 2,767 stocks traded, 1,397 advanced and 1,297 advanced declined on Friday.

The NSE Nifty moved up 62 points to close at 5,228.

Index movers

Reliance Infrastructure gained 6.9% to Rs 1523, ICICI Bank [Get Quote] was up 6.4% to Rs 935.50 and Maruti [Get Quote] Suzuki gained 6.2% to Rs 788.

Jaiprakash Associates [Get Quote] surged 5.8% to Rs 287. L&T gained 4.6%. Tata Motors [Get Quote] and M&M were the other two auto stocks besides Maruti to rise on Friday after strong sales growth numbers for April 2008.

Wipro [Get Quote] gained 2.8%, Satyam [Get Quote] was up 2.5% and TCS [Get Quote] advanced 2.3%.

SBI [Get Quote] gained 2.6% to Rs 1,822. Reliance Industries [Get Quote] gained 2.3% to Rs 2,675. DLF was up 2.1% to Rs 720.

And the shakers

Hindalco [Get Quote] dropped 4% to Rs 186, Reliance Communication declined 3.2% to Rs 561 and Tata Steel [Get Quote] was down 2.5% to Rs 797.

Value and volume toppers

HDFC [Get Quote] topped the value chart with a turnover of Rs 219.37 crore followed by Reliance Energy [Get Quote] (Rs 192.14 crore), RComm (Rs 186.6 crore), Reliance Capital [Get Quote] (Rs 176.6 crore) and Reliance (Rs 167.97 crore).

IFCI led the volume chart with trades of around Rs 2.66 crore shares followed by Ispat Industries [Get Quote] (1.25 crore), RNRL (1.14 crore), Idea Cellular [Get Quote] (0.7 crore) and Reliance Petroleum [Get Quote] (0.66 crore).