The domestic equity markets ended the last day of the calendar year 2010 on a high note, gaining 17.43 per cent for the year. The Sensex ended Friday's session at 20,509.09, up 120 points, after trading between 20,552.03 and 20,412.76 during the session.
On the NSE, the Nifty closed at 6134.50, up 32.65 points.
The market breadth on Friday was positive with 12 out of the 13 sectoral indices on the BSE ending in the positive. Realty, banking, and auto stocks particularly were among the biggest gainers.
On the flip side, the IT stocks saw some mild selling pressure.
On the BSE, 1,978 stocks gained and 947 declined while 142 remained unchanged.
The BSE mid-cap and small-cap indices rose 0.37 per cent and 0.40 per cent, respectively.
The major gainers on the Sensex were RComm up 5 per cent; Bajaj Auto, up 4.3 per cent; JP Associates, up 2.97 per cent; Reliance Infra; up 4 per cent, and SBI, up 2.2%/
On the flip side, Sterlite Inds, down 1 per cent; TCS, down 0.25 per cent; and Jindal Steel, down 0.8 per cent.
World stocks traded in narrow ranges on Friday in thin trading, with Chinese stocks powering ahead strongly but still ending the year with one of the worst annual declines among major markets.
Few investors were willing to place bets on the last day of the year, when many markets were either closed or had shortened trading hours.
In Europe, the FTSE 100 index of leading British shares rose 2 points, or less than 0.1 percent, to 5,973.01, while France's CAC-40 fell 14.23, or 0.4 percent, to 3,836.53. Both are open for a half day. Markets in Germany, Japan and South Korea were closed.
On Wall Street, the Dow Jones industrial average was set to open slightly higher, with Dow futures up 4 points, or less than 0.1 per cent, at 11,526.00, while broader Standard & Poor's futures rose just 0.8 points to 1,255.30.
China's Shanghai Composite Index was up 48.50 points, or 1.8 percent, to finish the year at 2,808.08. It was one of the few major markets that had a full trading day.
The Shanghai index has fared poorly compared with other major benchmarks.
In Europe, Germany's DAX finished the year up nearly 1,000 points, or around 16 percent, the FTSE 100 is on track to be 10 percent higher and the CAC-40 will likely end about 2.5 percent lower.
Hong Kong's Hang Seng index was up 36.11 points, or 0.2 percent, in a shortened trading session to end the year at 23,035.45. The benchmark index gained about 7 percent this year.
Japan's benchmark Nikkei 225 stock average fell 1.1 percent on Thursday to close at 10,228.92. It ended the year down around 3 per cent, mainly on account of concerns over a stronger yen, which hurts the country's high-value exporters.
South Korea's Kospi ended the year on Thursday about 22 percent higher then at the start of 2010.
Stocks in Australia and New Zealand ended lower in a shortened trading day, ending the year 2-3 percent lower than when it began.
(With Agency Inputs)