Mumbai, Feb. 2 -- The key equity benchmarks ended with major gains today, snapping a two-day losing streak, as investors assessed the federal budget's impact on markets and capital flows. The rebound came despite proposals to raise transaction taxes on derivatives and the lack of fresh measures to attract foreign investment.

The Nifty settled above the 25,050 level. All NSE indices closed in the green, except for the IT index.

As per provisional closing data, the barometer index, the S&P BSE Sensex, zoomed 943.52 points or 1.17% to 81,666.46. The Nifty 50 index jumped 262.95 points or 1.06% to 25,088.40. Over the past two trading sessions, the Sensex slipped 0.73%, while the Nifty dropped 0.91%.

In the broader market, the BSE 150 Mid-...