Stock market recap, Oct. 16 -- Indian stock markets extended gains for a second consecutive session on Thursday, 16 October 16, with the Sensex surging 862 points to 83,467 and the Nifty 50 climbing 178 points to 25,585.

Strong global cues and optimism over an India-US trade deal drove the rally. In just two sessions, investors have added nearly Rs.7 trillion in market wealth as the BSE's market capitalization rose to Rs.467 trillion

Indian equities extended their winning streak on 16 October, with benchmark indices closing firmly higher amid broad-based buying and supportive global cues. Nifty 50 advanced 1.03% to end at 25,585.30, gaining 261.75 points, while Sensex climbed in tandem, led by strength in FMCG, Auto, and Consumer Durabl...