Closing bell: Sensex gains 147 points, Nifty settles at 11589, auto stocks rally

BSE Sensex closed higher by 147.01 points, or 0.38%, to 38,389.82, while the Nifty 50 rose 52.20 points, or 0.45%, to close at 11,589.10. Outperforming the benchmark Sensex, BSE MidCap and SmallCap gained 1.15% and 0.55%, respectively.For the week, the Sensex fell 25.25 points or 0.66%, and the Nifty 50 was down 91.40 points, or 0.78%.All the sectoral indices on BSE, except bankex, finance and power, ended with gains led by telecom, which rose 3.35%, followed by auto 2.07%, metal 1.96% and basic materials 1.36%.Hero MotoCorp, Bajaj Auto, Bharti Airtel, Mahindra and Tata Steel were among the top gainers, whereas Yes Bank, Adani Ports, Sun Pharma, Power Grid and SBI were among the major losers.Source- https://www.livemint.com/