The stock markets remained upbeat and ended the week in positive territory after the

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Budget 2010-11 emphasised infrastructure development and the government's resolve to reduce fiscal deficit over the next three years.

The BSE benchmark Sensex shot up further by 564.94 points or 3.44 per cent to end at 16,994.49 from 16,429.55 last week.

The Finance Minister has raised personal income tax slabs, which will result in higher disposable incomes in the hands of the people, which would boost consumption and have a positive impact on the market in turn.

However, profit-booking at higher levels towards the end of the week affected the market slightly.

The NSE's 50-share Nifty also gained 166.40 points or 3.38 per cent and rose to 5,088.70 from last weekend's level.

The uptrend is expected to continue the next week too on Prime Minister Manmohan Singh's statement of India ending the current financial year with a healthy GDP growth of 7.2-7.5 per cent, with the hope of achieving 8 per cent next fiscal (FY 2010-11).