Sensex ends up 198pts; United Spirits soars 7%Our Web Bureau / Mumbai May 16, 2007The Sensex opened 21 points higher at 13,950, and exhibited a firm trend through the day backed by steady buying in banking and select heavyweights.The buying intensified towards the end, and the index rallied to a high of 14,159. The Sensex finally ended with a smart gain of 198 points at 14,127.The BSE Bankex rallied 3% to 7413. The Oil & Gas index surged 1.5% to 7402, and the FMCG index advanced over 1% to 1839.The market breadth was positive - out of 2,679 stocks traded, 1,626 advanced, 987 declined and 66 were unchanged today.BANKS LEAD ONCE AGAINSBI soared nearly 5% to Rs 1,284. ICICI Bank rallied over 3% to Rs 919, and HDFC Bank added 2% to Rs 1,031.Reliance Communications, BHEL and Tata Motors surged around 3% each to Rs 491, Rs 2,595 and Rs 735, respectively.Hindalco moved up 2.5% to Rs 149. Reliance, Larsen & Toubro and HLL advanced over 2% each to Rs 1,634, Rs 1,711 and Rs 197, respectively.Bharti Airtel was up nearly 2% at Rs 848. Bajaj Auto and HDFC gained 1.7% each at Rs 2,680 and Rs 1,698, respectively.Wipro, Grasim, ONGC and Dr.Reddy's were up around 1% each at Rs 540, Rs 2,505, Rs 899 and Rs 663, respectively.Hero Honda tumbled nearly 3% to Rs 678. Infosys and TCS slipped 1% each to Rs 1,952 and Rs 1,224, respectively.MALLYA LABEL ON W&MUnited Spirits soared to a high of Rs 906 before settling with a gain of almost 7% at Rs 895 on news that Vijay Mallya has finally acquired Whyte & Mackay for
