Sensex gains 74 points; auto stocks surge
A benchmark index of Indian equities markets was trading 74.56 or 0.28 percent up Tuesday after touching a record high of 26,530.67 points in the morning session surpassing its previous high of 26,413.11 point recorded Monday.
Good buying was observed in auto, banking, capital goods, and metal sectors, while marginal 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 26,482.56 points, was trading at 26,465.52 points (at 01.25 p.m.) in the afternoon session, up 74.56 points or 0.28 percent from the previous day's close at 26,390.96 points.
The Sensex touched a high of 26,530.67 points and a low of 26,395.17 points in the trade so far.
The S and P BSE bankex gained 205.23 points, capital goods index surged by 180.69 points, auto index moved up by 298.95 points and metal index inched up by 126.41 points. However, IT index dropped by 45.20 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) had also hit record high and was trading at 31.80 points or 0.40 percent up at 7,906.05 points.
(Posted on 19-08-2014)