Sensex up 200 points; oil and gas stocks rally
A benchmark index of Indian equities markets was trading up 200 points or 0.80 percent up in early morning trade session Friday, a day after it closed above 25,000 point mark for the first time.
The early morning rally was led by oil and gas, capital goods, automobile, bank and consumer durables sectors.
However, heavy selling pressure was observed in information technology (IT), technology, entertainment and media (TECK) stocks.
The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,204.95 points, was trading at 25,220.32 points around 9.40 a.m. trade session, up 200.81 points or 0.80 percent from previous day's close at 25,019.51 point
The Sensex touched a high of 25,248.67 points and a low of 25,173.14 points during the trade so far.
The rally in the market comes a day after it closed above 25,000 points mark.
On Thursday, the benchmark index rose 213.68 points or 0.86 percent on strong buying in metal, oil and gas and capital goods stocks.
The S&P BSE oil and gas index was up 340.11 points, followed by capital goods index which was higher by 154.54 points, automobile index gained 120.84 points, bank index rose 109.72 points and consumer durables index was surged 94.18 points.
However, IT index lost 68.21 points and TECK index declined by 14 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made healthy gains. It was up 41.80 points or 0.56 percent at 7,515.90 points.
(Posted on 06-06-2014)