It was a good close for markets as they ended with some hefty gains. The markets opened flat and was trading in a tight range throughout but gained momentum during the final hour of trade. Asian cues were not very not exciting as most of the Asian markets ended flat.

Outperforming the frontline indices were the broader markets i.e. the midacp and smallcap indices. The market breadth has been in favour of the advancesa and the turnover also picked up in the final hour of day. Banking, whether midcap or smallcap showed leadership. Also media stocks were on fire and even some construction and real estate stocks closed higher. Except for IT, all the BSE sector indices closed in green.

Sensex closed up 197.98 points or 1.42% at 14127.31, and the Nifty up 50.65 points or 1.23% at 4170.95.

About 1586 shares have advanced, 971 shares declined, and 67 shares are unchanged.

The BSE Midcap Index ended at 6,041.33 up 86 points or 1.44%.

The BSE Smallcap Index ended at 7,205.96 up 103 points or 1.45%.

The BSE Bankex was up 3.1% at 7,413.32. Oriental Bank, SBI, ICICI Bank and Andhra Bank moved upwards.

The BSE Capital Goods Index was up 1.5% at 10,082.93. Alfa Laval, Gammon India, BHEL, KEC Infrastructure and SKF India closed higher.

The BSE Health Care Index was up 0.2% at 3,721.93. Wyeth, Matrix Lab, FDC, Glenmark and Nicholas Pirama closed higher.

The BSE Auto Index closed at 5,045.10 up 1%. Amtek Auto, Tube Investment, Tata Motors, Exide Industries and Bajaj Auto surged.

The BSE Metal Index closed at 10,325.26 up 0.7%. Guj NRE Coke, Hindalco, Mah Seamless and Welspun Guj advanced higher.

The BSE FMCG Index gained 1.2% at 1,838.68. United Spirits, HLL, P&G and Shaw Wallace closed higher.

BSE Oil and Gas Index closed higher at 7,401.56 up 1.5%. IOC, Reliance, Petronet LNG and Reliance Naturalended in green.

The BSE IT Index lost 0.5% at 4,847.07. Hexaware Tech, Mphasis, Infosys and TCS closed lower.

The NSE cash turnover was at Rs 10668.92 crore and the NSE F&O turnover was at Rs 32810.52 crore. The BSE cash turnover was Rs 5157.33 crore. Total market wide turnover was at Rs 48636.77 crore.

-Turnover at Rs 32,810.52 cr vs Rs 26.910.53 cr on Tue
-Nifty premium widens to 20 points from 6 points yesterday
-Top traded: RIL, SBI, RCom, Infosys, Century Textile
-Top traded: Unitech, ICICI Bank, Tata Steel, IDBI, IVRCL
-Long positions in banking; short covering in sugar, real estate
-Petronet LNG up 2.5%; adds 54.5 lakh shares in open interest
-Dena Bank up 12%; adds 63.2 lakh shares in open interest
-Andhra Bank up 3.5%; adds 9.5 lakh shares in open interest
-Bombay Rayon up 7%; adds 8.8 lakh shares in open interest
-Unitech up 10%; adds 7.3 lakh shares in open interest
-TTML down 5.2%; cuts 59.5 lakh shares in open interest
-Century Textiles up 6.7%; cuts 4.5 lakh shares in open interest
-Parsvnath up 7%; cuts 2.4 lakh shares in open interest
-Bajaj Hind up 2.5%; cuts 4 lakh shares in open interest
-Idea Cellular adds 30 lakh shares in OI; RNRL adds 23 lakh shares
-Oswal Chem adds 11 lakh shares in OI; GMR Infra adds 4 lakh shares
-Nagarjuna Fert sheds 16 lakh shares in OI on NSE F&O curb