Stock Market Closing: Sensex climbs 497 points, Nifty to trade at 16,771

The Sensex and the Nifty today recovered around 0.9 percent. Both stocks gained amid positive cues from the global equity markets. The Sensex closed above 58,300 and the Nifty settled above 16,750.

The BSE Sensex climbed 497 points, or 0.89 percent to trade at 56,319. The NSE Nifty also rose 157 points, or 0.94 percent, to trade at 16,771.

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