Sensex surges 227 points; banking, capital goods stocks gain
A benchmark index of Indian equities markets was trading 227.29 points or 0.94 percent up Monday as banking and capital goods stocks surged.
Good buying was observed in banking, capital goods, oil and gas, metal and auto sectors, while selling pressure was seen in the IT sector.
The 30-scrip Sensitive Index (Sensex) of the S and P Bombay Stock Exchange (BSE), which opened at 24,340.32 points was trading at 24,349.03 points in the early session, up 227.29 points or 0.94 percent from the previous day's close at 24,121.74 points.
The Sensex touched a high of 24,427.10 points and a low of 24,333.69 points in trade.
The Sensex soared past 25,000 points mark for the first time Friday on a landslide victory for Modi-led Bharatiya Janata Party in the general elections.
The S and P BSE bankex gained 318.29 points, capital goods index surged by 317.34 points, oil and gas index moved up by 180.26 points, metal index got augmented by 276.28 points, and auto index inched up by 116.71 points.
However, the IT index slipped by 156.05 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also surged by 54.25 points or 0.75 percent and was trading at 7,257.25 points.
(Posted on 19-05-2014)
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