Sensex gains 136 points; capital goods, metal stocks rise
A benchmark index of the Indian stock markets Monday gained 135.99 points or 0.60 percent, as capital goods, metal and bank stocks rose sharply.
Markets were bullish ahead of the result season and the ongoing polling exercise in which business-friendly Bharatiya Janata Party is apparently gaining.
The 30-scrip sensitive index S and P Sensex of the Bombay Stock Exchange (BSE) which opened at 22,644.75 points, ended the day's trade at 22,764.83 points (provisional), up 135.99 points or 0.60 percent from its previous day's close at 22,628.84 points.
The Sensex hit an intra-day high of 22,795.58 points and a low of 22,636.75 points.
In the day's trade, capital goods, metal, bank, automobile and consumer durable stocks gained. However, information technology (IT), fast moving consumer goods (FMCG), technology, entertainment and media (TECK) and realty scrips came under sustained selling pressure.
The capital goods index of the BSE zoomed 351.13 points, followed by metal index which was up 228.47 points, bank index was higher by 196.51 points, automobile index rose 196.51 points and consumer durables index was up 27.58 points.
However, IT index was down 60.92 points, FMCG index fell 27.37 points, TECK index was lower by 8.91 points and realty index dipped 4.12 points.
The wider 50-scrip S and P Nifty of the National Stock Exchange (NSE) touched a record high of 6,822.60 points. It closed 38.25 points or 0.56 percent up at 6,817.65 points.
(Posted on 21-04-2014)