Sensex gains 177 points; auto stocks surge
A benchmark index of Indian equities markets Tuesday was trading 176.66 points or 0.69 percent up as auto stocks surged.
Good buying was observed in auto, capital goods and oil and gas sectors, while selling pressure was seen in IT sector.
The 30-scrip Sensitive Index (Sensex) of the S and P Bombay Stock Exchange (BSE), which opened at 25,703.78 points, was trading at 25,695.90 points (at 09.54 a.m.) in the early session, up 176.66 points or 0.69 percent from the previous day's close at 25,519.24 points.
The Sensex touched a high of 25,744.51 points and a low of 25,657.85 points in the trade so far.
The S and P BSE auto index gained 288.19 points, capital goods index got augmented by 136.23 points and oil and gas index moved up by 97.19 points. However, IT index dropped by 39.81 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 45.40 points or 0.60 percent up at 7,671.35 points.
(Posted on 12-08-2014)