Indian equity market ended the week with gains after the last hour of sudden profit booking. The Sensex ended 3.2 percent higher at 31,588, ending the week with gains of 1.4 percent, while the Nifty 50 index ended with gains of 3 percent at 9,266. In the final hour, private banks index jumped upto 8 percent followed by financials and auto. Gains were led by private banks with Axis Bank and ICICI Bank ending with gains of 13 and 9.5 percent respectively. Positive global sentiment and RBI's move to ease liquidity in the economy improved domestic investors sentiment today.