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The benchmark indices have rebounded smartly on the back of support from positive global cues and ended the last day of a week on a strongnote. The support has seen from capital goods, power, banking, metal, oil & gas and realty stocks. Midcap and small cap stocks also followed the same trend; wherein media stocks witnessing good buying interest while railway related stocks declined after Railway budget. 

Expectations of further rate cuts by the central bank and hopes of stimulus package for the economy in the interim general budget on Monday, 16 February 2009, lifted the bourses. Strong global cues further olstered the sentiment.Today’s big event was the Interim Railway Budget; Union Railway Minister Lalu Prasad Yadav announced that he plans to invest Rs 35,900,crore in FY10. He kept freights rates unchanged. He also said to invest Rs.3 lakh crore in 11th 5-year plan.Firm global markets aided gains in domestic stocks. European markets urged led by financials on news of a US plan to subsidise mortgage payments for troubled homeowners. Key benchmark indices in UK,Germany and France were up by between 1.26% and 2.14%.The 50-share NSE Nifty has crossed 2950 during the day and touched anintraday high of 2969.75. It closed at 2948.35, up 1.91% or 55.30 pointsover previous close. The 30-share BSE Sensex was up 168.91 points or1.78%, to settle at 9,634.74.