Mumbai Dec 31: The Sensex opened with a positive gap of 116 points at 20,323, and soon rallied to a high of 20,484 - just 14 points off the all-time peak of 20,498.

The index, thereafter, pared gains and exhibited steady movement for most part of the trading day. Some profit-taking towards the end saw the index finally end with a gain of 80 points at 20,287.

In the process, the index ended calendar year 2007 with a huge gain of 45.7% (6,300 points).

The NSE Nifty surged to a high of 6168 in opening trades - just 17 points short of its peak of 6185. The index finally settled with a gain of 59 points at 6139, and gained soared 54.8% (2,172 points) in 2007.

The market breadth was extremely positive - out of 2,929 stocks traded, 2,542 advanced, 372 declined and 15 were unchanged today.

Bharti Airtel zoomed nearly 6% to Rs 995. NTPC advanced nearly 4% to Rs 250.

Mahindra & Mahindra surged over 3% to Rs 861. Ranbaxy and ITC rallied nearly 2.5% each to Rs 426 and Rs 210, respectively.

Reliance Communications moved up nearly 2% to Rs 747. ACC and Tata Motors added 1.5% each to Rs 1,024 and Rs 742, respectively.

HDFC dropped 1.8% to Rs 2,872.

Ambuja Cements and Infosys slipped 1.5% each to Rs 147 and Rs 1,768, respectively.

Hindustan Unilever, Cipla and Reliance Energy were down around 1% each at Rs 213, Rs 213 and Rs 2,135, respectively.