15.39 PM: Closing Bell: Nifty ends below 16,600, Sensex falls 162 pts; bank, metal drag

Market Close: Benchmark indices erased all the intraday gains and ended lower with Nifty closing below 16,600.

At close, the Sensex was down 162.78 points or 0.29% at 55629.49, and the Nifty was down 45.80 points or 0.28% at 16568.80. About 1037 shares have advanced, 2067 shares declined, and 110 shares are unchanged.

Hindalco Industries, Kotak Mahindra Bank, ICICI Bank, Tata Motors and SBI Life Insurance were the top Nifty gainers. Eicher Motors, UltraTech Cement, Bajaj Finance, Adani Ports and Bajaj Finserv were among the top losers.

Among sectors, the Nifty metal and bank indices fall 0.8 percent each, while buying was seen in the FMCG, pharma and PSU Bank names. BSE midcap rose 0.26 percent and smallcap indices was down 0.18 percent.

News source:- Moneycontrol

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