Market ends strong, 200 pts above

New Delhi: It was a strong session for markets and they closed near the highest point of the day. Sensex ended with gains of around 200 points above 14,200 and the Nifty was up over 55 points above 4,150 levels.

The gain was inline with global markets. Asia ended strong most of the Asia ended up 1 per cent and even Europe opened strong. Buying was seen in scrips across sectors.

The mid caps and the small cap outperformed the frontline indices. Nifty discount futures had widened at around 14 points. The market breadth was positive but the volume was relatively low.

There was lot of stock specific action. Nicholas Piramal ended up 6 per cent on the back of news that it is examining possibility of hiving off R&D biz.

HDFC, Tata Steel, Bharti Airtel, ACC, SAIL and Siemens are among the top gainers. In the midcap space Aarti Ind up 20 per cent, Mic Electronics up 15 per cent, Hilton Metal up 13 per cent, ICRA 11 per cent.

Infosys, Reliance, Icra, Time Techno, Sun Pharma and Unitech are among the most active stocks on indices.

9.9 lakh TVS Motor shares change hands on NSE at Rs 65/share and the stock is up 4 per cent.

DLF IPO has closed and it was subscribed 2.57 times till now, 87 per cent bids at Rs 550/sh.

Sensex was up 200.69 points or 1.43 per cent at 14203.72, and the Nifty up 56.95 points or 1.38 per cent at 4170. About 1662 shares have advanced, 763 shares declined, and 88 shares are unchanged.

The BSE Midcap Index ended at 6,161.61 up 96 points or 1.6 per cent. The BSE Smallcap Index ended at 7,320.91 up 97 points or 1.34 per cent.

The BSE Bankex was up 0.7 per cent at 7,417.66. Andhra Bank, Bank of Baroda, Bank of India, Federal Bank moved upwards.

The BSE Capital Goods Index was up 2.3 per cent at 10,972.02.Alstom Projects, Astra Microwave, AIA Engineering, Siemens, Areva T&D, L&T closed higher.

The BSE Health Care Index was up 1.2 per cent at 3,793.43. Nicholas Piramal, Aurobindo Pharm, Biocon, Ranbaxy Labs, Novartis India, Cadila Health closed higher.

The BSE Auto Index closed at 4,667.35 up 0.8 per cent. TVS Motor, Ashok Leyland, Escorts, MICO, Amtek Auto surged.

The BSE Metal Index closed at 10,567.54 up 2.8 per cent. JSW Steel, SAIL, Sesa Goa, Mah Seamless, Tata Steel advanced higher.

The BSE FMCG Index gained 0.4 per cent at 1,780.67. United Brewerie, United Spirits, Bata India, Colgate, Tata Tea closed higher. BSE Oil and Gas Index closed higher at 7,492.62 up 1.3 per cent. Petronet LNG, Reliance Natura, ONGC, Reliance Petro ended in green.