Market Wrap, Oct 16: Indices rise 1%, NIFTY50 ends at 25,585, SENSEX soars 862 points as FMCG stocks rally; Nestle India leads
The Nifty Bank index rallied strongly on Thursday, climbing 1.10% to end at the 57,422.55 level. Axis Bank (2.15%) was the biggest contributor to the index after the private sector bank reported its September quarter earnings

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