Closing Bell: Sensex jumps 560 points; rally in FMCG stocks pushes Nifty to ends with 160 points gains

Closing Bell: Indian frontline indices S&P BSE Sensex and NSE Nifty50 ended positive on Tuesday aided by strong momentum in the FMCG stocks. While Sensex settled at 60,655.72, up 560 points or 0.94 per cent, the broader market Nifty50 closed at 18,053.30, up 161 points or 0.9 per cent. Baking gauge Nifty Bank finished at 42,272.65, up 105.10 points or 0.25 per cent.

In the 50-stock index 38 advanced at the close with Larsen & Toubro, Hindustan Unilever, HDFC Bank, HDFC and HCL Technologies while the top losers were SBI, Bajaj FInserv, Indusind Bank, Wipro and Tata Steel. L&T hit its lifetime high today.     

Source: NSE

Among the newage companies Nykaa was in the news for all the wrong reasons. The stock today fell over 5 per cent on the NSE to end at levels around Rs 132.90 or Rs 7.35 lower than the Monday closing price.  

There was selling pressure seen in broader markets as well with stock specific action in Nifty Mid Cap 100 and Nifty Small Cap 100 indices.