The Sensex opened with a positive gap of 61 points at 16,782. Agressive buying in telecom and financial stocks helped the index cross the 17,000-mark on Friday.

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 on Friday.

The NSE Nifty moved up 112 points to close at 5,112.

Index movers

Bharti Airtel [Get Quote] zoomed 9.6% to Rs 925. Reliance Communications [Get Quote] (RCom) soared 8.3% to Rs 577.

ICICI Bank [Get Quote] surged 4.5% to Rs 916. HDFC [Get Quote] and SBI [Get Quote] rallied 4% each to Rs 2,694 and Rs 1,750, respectively. HDFC Bank advanced 3.5% to Rs 1,498.

Reliance Energy [Get Quote] gained 4% at Rs 1,359. Wipro [Get Quote] moved up 3.7% to Rs 466, and Tata Steel [Get Quote] added 3.5% to Rs 803.

ONGC [Get Quote] advanced over 2% to Rs 1,055. Reliance and ITC gained 1.7% each at Rs 2,625 and Rs 213, respectively.

Satyam [Get Quote], 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 [Get Quote] and DLF were down around 1% each to Rs 737 and Rs 668, respectively.

Value and volume toppers

Reliance Natural Resources [Get Quote] topped the value chart with a turnover of Rs 354.40 crore followed by Reliance Capital [Get Quote] (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 [Get Quote] (1.42 crore), Nagarjuna Fertlisers (1.40 crore) and Tata Teleservices [Get Quote] (1.19 crore).