HTTP/1.1 200 OK Server: Microsoft-IIS/7.5 , Connection: close

Some time we got the below error while creating a new web application and browsed the site:

 
 
HTTP/1.1 200 OK
Server: Microsoft-IIS/7.5
Date: Tue, 03 Jan 2012 15:44:21 GMT
Connection: close

To resolve the above issue, we have to create a site collection for the site to browse. 

So I created site collection for the new web application
 
Central Administration > Application Management under Site Collections > Create Site Collections 
 
Select the web application and select a template to create site collection.
 
That resolved the issue.

Happy Browsing :)