Market Close: The benchmark indices rallied for the third consecutive day and ended at fresh record highs with Nifty above 14,550.

At close, the Sensex was up 247.79 points or 0.50% at 49,517.11, and the Nifty was up 78.70 points or 0.54% at 14,563.50. About 1647 shares have advanced, 1387 shares declined, and 158 shares are unchanged.

Tata Motors, GAIL, Eicher Motors, SBI and Coal India were among major gainers on the Nifty, while losers were Asian Paints, Titan Company, Nestle, HUL and Sun Pharma.

Nifty PSU Bank Index added 6 percent with Nifty Bank, auto, infra and energy rose 1 percent each. However, Nifty pharma index shed 1 percent and FMCG index was down 0.5 percent. BSE Midcap and Smallcap indices added 0.4 percent and 0.2 percent respectively.

News Source: Moneycontrol