Sensex Climbs Nearly 400 Points, Nifty Ends Above 19,800

Indian market continues with momentum for the second straight session with Sensex climbing nearly 394 points to close at 66,473 and Nifty ending with gains of 120 points above 19,800 mark. The FMCG pack, Reliance and HDFC Bank lend support to Nifty's rise. Nifty Bank records a sharp decline in the lat hour of trade, but still ends 172 points higher at 44,533, while Midcap Index rises 188 points to 40,474.

IT stocks give up gains ahead of the kickstart of big pack earnings with TCS today. HCLTech, TCS, Coforge, L&T Tech are top losers in the space today. Bank of Baroda remains a major drag on the PSU Bank segment, falls more than 3% following RBI's order with respect to its app.

Cement stocks move higher on reports of price hike, Ramco Cement remains top gainer on the Midcap Index. MCX hits all-time high as company announces to go live on new platform from October 16. Hero MotoCorp surges 4% as CLSA upgrades rating on the stock to buy and raises target.

Market breadth favours advances, advance-decline ratio at 2:1.