On Friday, the BSE Sensex opened higher at 5005.93 points. During the day it traded in the range of 4942.67 and 5091.24 points. With a net gain of 18.64 points, the index finally closed at 4981.74 points- all-time high close. On Friday, the BSE also recorded the highest ever turnover at Rs 3609.23 crore from 3,88,980 trades- also the all-time high for the bourse.

With an aggregate turnover of Rs 4192.59 crore, the NSE also recorded its highest ever turnover coming from the highest ever total number of trades at 514942 trades. The Nifty opened marginally higher at 1470, touched the day's high at 1502.65 and tasted the low at 1462.75 and closed at 1469.75- the all-time high close. On Friday the Nifty closed with a net gain of 9.50 points.

Market players feel good about Friday's marginal gain in the indices. They feel that since the expectations have been met quite comfortably, profit booking was inevitable.

According to Chirag Saghvi at Asit C Mehta Ivestment Intermediaries, ``the market is looking good at the present level. The profit booking at the post 5000-level came in as was expected since operators unwound their positions. During the last two weeks operators had paid high badla and didn't get the expected returns, so the 5000-plus level was a good opportunity to book profit.''

As the profit booking resulted into some considerable amount of liquidation of long position, this seems to be a healthy sign. According to Sajjan Desai at Kisar Ratilal Choksey Shares & Securities, ``during Friday's trading, the net long positions got reduced to some considerable extent. This is a very good sign for the market. Also there have been a lot of fund-based buying in the pivotal stocks. I expect the market to remain good with intermittent technical corrections.''

At the present moment underlying sentiment is bullish. ``A lot of economy sensitive stocks have closed with good gains on Friday. This gives a strong indication that the market is expecting the economy to look up in the positive directions during the coming days'', says Sanghvi.

On Friday, while SBI closed near the upper circuit level of Rs 250.15, other economy sentitive stocks also closed with good gains. Prominent among this group was Bhel, which closed at Rs 305.3. And there is hope that the rally would percolate to the group B stocks too. ``We are hopeful that the current rally would also percolate to the B1 and the B2 stocks'', says Desai.