Sensex surges 190 points; auto stocks rally
A benchmark index of Indian equities markets Monday closed trading 190.10 points or 0.75 percent up as auto stocks surged.
Good buying was observed in auto, capital goods and banking sectors, while selling pressure was seen in fast moving consumer goods (FMCG) sector.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,476.87 points, closed at 25,519.24 points (provisional), up 190.10 points or 0.75 percent from the previous day's close at 25,329.14 points.
The Sensex has touched a high of 25,553.44 points and a low of 25,437.05 points in the trade.
The S&P BSE auto index gained 412.37 points, capital goods index got augmented by 125.24 points, and bankex went up by 93.39 points.
However, FMCG index dropped by 28.89 points.The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed trading 57.40 points or 0.76 percent up at 7,625.95 points.
(Posted on 11-08-2014)