The Sensex opened 33 points higher at 13,127. Nervousness in the early trades saw the index slip into red to a low of 13,028.

The index, thereafter, rebounded into the positive zone and moved higher on the back of sustained buying in realty and capital goods stocks.

The index touched a high of 13,510 -- up 482 points from the day's low. The Sensex finally ended with a gain of 361 points at 13,454.

The index, however, ended the week with a loss of 348 points. In the process, the Sensex has now shed 3,981 points (22.8 per cent) in the last seven weeks.

The market breadth was positive on Friday -- out of 2,677 stocks traded, 1,696 advanced and 898 declined.

The NSE Nifty moved up 90 points to settle at 4,016.

Index Movers. . .

Reliance Communications [Get Quote] (RCom) -zoomed 12.5% to Rs 438. Jaiprakash (JP) Associates soared 10.7% to Rs 153.

DLF surged 8.5% to Rs 415. BHEL rallied 7.5% to Rs 1,500.

Reliance Infrastructure advanced over 7% to Rs 774. Lasren & Toubro gained 6.5% at Rs 2,380, and HDFC [Get Quote] moved up over 6% to Rs 2,055.

Ranbaxy [Get Quote] and ICICI Bank [Get Quote] added 4.7% each to Rs 538 and Rs 601, respectively.

Ambuja Cements gained nearly 4% at Rs 75. Tata Motors [Get Quote], Hindustan Unilever, Satyam [Get Quote] and SBI [Get Quote] are up around 2.5% each at Rs 401, Rs 202, Rs 462 and Rs 1,128, respectively.

ONGC [Get Quote] moved up 2% to Rs 876. Hindalco [Get Quote], Mahindra & Mahindra and HDFC Bank were the other major gainers.

. . .And The Shakers

Tata Steel [Get Quote] shed 2.6% at Rs 640. Cipla slipped 1.7% to Rs 208, and TCS [Get Quote] declined 1.3% to Rs 844.

Most Active Counters

Reliance Capital [Get Quote] topped the value chart with a turnover of Rs 505 crore followed by Reliance (Rs 447.60 crore), Reliance Infrastructure (Rs 260 crore), Reliance Natural Resources [Get Quote] (Rs 193.50 crore) and Reliance Petroleum [Get Quote] (Rs 190.30 crore).

Reliance Natural Resources led the volume chart with trades of around 2.96 crore shares followed by IFCI (1.41 crore), Chambal Fertilisers (1.23 crore), Archidply (1.13 crore) and Reliance Petroleum (1.12 crore).