Final Trade: Nifty closed below 17,200; Auto, FMCG, Pharma, IT top loser

Nifty50 rebounded to close above 17,200, while the Sensex settled with over 200 points gained today. The Nifty Bank gained more than 300 points to close above 35,753. Among sectors, Nifty PSU Bank, Oil & gas, private bank and auto led the bounce back. Consumer Durable, IT, Pharma and Healthcare witnessed maximum sell off. Bharti Airtel, Coal India, Axis Bank, Eicher Motors, ITC, State Bank, Power Grid and ICICI Bank gained the most as banking stocks led the recovery after declining in the opening trade. UPL, Nestle India, Dr Reddy's HDFC Life, HCL Tech, Asian Paints, Wipro and Tech Mahindra were among top losers.