After a strong start, the benchmark indices erased some of the intraday gains but ended higher for the eighth consecutive session on October 12, supported by the IT and pharma stocks. At close, the Sensex was up 84.31 points or 0.21% at 40593.80, and the Nifty was up 16.80 points or 0.14% at 11,931.

ITC | CMP: Rs 172.45 | The stock added 2 percent after CLSA upgraded the stock to buy. The research firm has upgraded the stock to buy from outperform with the target at Rs 220 per share. It is of the view that the FMCG firm’s long-term positives are unfolding as revenue diversifies and the FMCG segment is set to become a major value driver, CNBC-TV18 reported.

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