15:48 PM: Closing Bell: Sensex gains 1,040 pts, Nifty above 16,900 ahead of US Fed decision; all sectors in the green

Market Close: Benchmark indices ended higher on March 16 with Nifty above 16900 led by buying seen across the sectors.

At close, the Sensex was up 1,039.80 points or 1.86% at 56,816.65, and the Nifty was up 312.30 points or 1.87% at 16,975.30. About 2241 shares have advanced, 1105 shares declined, and 96 shares are unchanged.

UltraTech Cement, Axis Bank, Shree Cements, IndusInd Bank and Bajaj Auto were among the top Nifty gainers, while losers were Cipla, Sun Pharma, Tata Consumer Products and Power Grid Corporation.

All the sectoral indices ended in the green with IT, oil & gas, auto, bank, metal and realty indices rose 2-3 percent, while capital goods, FMCG, and power indices up 1 percent each. BSE midcap and smallcap indices added over 1 percent each.

News Source:- Moneycontrol

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