15.45 PM: Closing Bell: Nifty ends above 16,300, Sensex gains 300 pts led by IT, PSU banks

Market Close: Benchmark indices ended near the day’s high level supported by the IT and PSU Banking names.

At close, the Sensex was up 318.05 points or 0.58% at 54843.98, and the Nifty was up 82.10 points or 0.50% at 16364.40. About 2314 shares have advanced, 816 shares declined, and 113 shares are unchanged.

Power Grid Corp, Tech Mahindra, Tata Motors, HCL Technologies and L&T were among major gainers on the Nifty, while losers included Eicher Motors, Grasim Industries, ONGC, Dr Reddy’s Labs and IndusInd Bank.

Except pharma, all other sectoral indices ended in the green with IT, power, PSU bank, realty and capital goods indices rose 1-2.5 percent. BSE Midcap and Smallcap indices added 1-2 percent.

News Source:- Moneycontrol

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