BusinessPhoto: News18 BusinessSensex Rises 414 Points as IT Stocks Rally on October 16
On October 16, the Indian stock market closed higher with the Sensex rising 414 points to 74,729.27 and the Nifty 50 gaining 149 points to 23,146.15. IT stocks led the rally, with the Nifty IT index surging 3.92%. Tech Mahindra jumped 8.45%, Infosys rose 4.55%, and TCS gained 4.61%. Gains were capped by weakness in FMCG, oil and gas, and some financial stocks.
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