The markets closed on an impressive note after spending most of the day near the flat line. Strength came in during the last one hour taking the markets higher breaching some important levels. The surge was seen despite some flat close in Asia and weak opening in Europe.

The Nifty breached 4200 mark and the Sensex breached 14,300 mark. Short covering was seen in oil & gas, FMCG and metal stocks. The Nifty Futures discount ended with 3 just 3 points. The midcaps also gained inline with the frontline indices.

Banking and financials gave a standout performance followed by oil & gas heavies like Reliance and ONGC. Capital goods was another space that was shining throughout.

The only index to end in red was BSE IT index which was down over 1% on account of strength seen in the rupee value against the dollar.

New listings Decolight, HTMT ended in discount, yesterday's Glory Polyfilm also ended in red.