Markets ended the day higher today led by banks and financials,with the Sensex closing the day at 17,587, up 84 points over the previous close. The NSE Nifty closed the day higher by 26 points at 5359 points. Among the gainers today were State Bank of India, which rallied on expectations that the cut in CRR by the central bank would boost the bank's profitability.
Infrastructure major Larsen & Toubro gained on hopes that peaking interest rates in the economy would help India's largest diversified infrastructure player.
Among the other stocks that gained today were Reliance Industries, Reliance Power and ICICI Bank. Among the losers were Mahindra and Mahindra, Cipla, ONGC and TCS.
Markets are now expected to take cues from the forthcoming Union Budget which is expected to be delivered on March 16, 2012.