3.38 PM: Closing Bell: Nifty ends above 11,750, Sensex gains 254 pts led by metal, bank stocks

Market Close: After breaking 10-day winning streak in the previous session, the benchmark indices bounced back on October 16 supported by the bank, metal and pharma names.

At close, the Sensex was up 254.57 points or 0.64% at 39982.98, and the Nifty was up 82.10 points or 0.70% at 11762.50. About 1459 shares have advanced, 1135 shares declined, and 171 shares are unchanged.

JSW Steel, Tata Steel, BPCL, Divis Labs and Hindalco Industries were among major gainers on the Nifty, while losers were UPL, HCL Tech, M&M, Asian Paints and Reliance Industries.

Except IT other sectoral indices ended higher led by the metal, bank and pharma. BSE Midcap and Smallcap indices rose 1 percent each.

News Source:- Moneycontrol

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