15.38 PM: Closing Bell: Nifty ends near 16,500, Sensex gains 226 pts led by IT stocks; auto, metal stocks drag

Market Close: Benchmark indices ended on positive note in the volatile session on August 23 led by the IT stocks.

At close, the Sensex was up 226.47 points or 0.41% at 55555.79, and the Nifty was up 46 points or 0.28% at 16496.50. About 745 shares have advanced, 2438 shares declined, and 135 shares are unchanged.

HCL Technologies, Nestle, TCS, Bajaj Finserv and Bharti Airtel were the top Nifty gainers. Grasim Industries, Adani Ports, M&M, Eicher Motors and Bajaj Auto were among the top losers.

Among sectors, the Nifty IT index gained 1.7 percent each, while metal, auto and PSU bank indices lost 0.5-1.5 percent. BSE midcap index fell 0.90 percent and smallcap shed 1.5 percent.

News Source:- Moneycontrol

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