Stock Market: Sensex climbs 497 points, Nifty to trade at 16,771.
The Sensex and the Nifty today recovered around 0.9 per cent. Both stocks gained amid positive cues from the global equity markets. The Sensex closed above 58,300 and the Nifty settled above 16,750.
The BSE Sensex climbed 497 points, or 0.89 per cent to trade at 56,319. The NSE Nifty also rose 157 points, or 0.94 per cent, to trade at 16,771.
In the broader market at BSE, the Mid-Cap and the Small-Cap indices performed better than the Sensex. The Mid-Cap gained 1.43 per cent and the Small-Cap index rose 1.29 per cent.
In the Sensex pack, shares of 23 companies climbed while seven fell. HCL climbed 3.9 per cent followed by Wipro which surged 3.7 per cent. Tata Steel climbed three per cent and Tech Mahindra added 2.3 per cent. On the other hand, the Power grid declined 1.5 per cent and Axis Bank tumbled 1.3 per cent. Bajaj Finance and SBI, both ended 0.8 per cent down.
In sectoral indices, all 19 sectors gained. Metal sector stocks were the top gainer as the index climbed three per cent followed by Consumer Durables which rose 2.2 per cent. The basic Materials sector index added 2.1 per cent.
The overall breadth of the BSE trade was positive as shares of 2239 companies gained while 1095 fell. Shares of 97 companies remained unchanged.
