Sensex up 52 points; banks, capital goods stocks rally
A benchmark index for Indian equities markets Thursday was up 52 points in the late afternoon trade following healthy buying in bank, capital goods and public sector undertaking (PSU) and information technology (IT) stocks.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,510.94 points, was ruling at 18,512.99 points around 1.00 p.m., up 52.61 points or 0.28 percent from its previous close at 18,460.38 points.
The benchmark index touched a high of 18,544.08 points and low of 18,456.20 points intra-day.
The BSE midcap index was up 10.92 points and the smallcap index was higher by 22.79 points.
The wider 50-scrip S and P CNX Nifty of the National Stock Exchange slumped 0.21 percent or 11.55 points at 5,626.35 points.
There was healthy buying in bank, capital goods, PSU and IT stocks.
The bank index gained 97.66 points, while the capital goods index was up 61.84 points, followed by PSU index up 43.87 points, and IT index up by 34.67 points.
Among the other Asian markets, Japan's Nikkei rose 1.56 percent, while Hong Kong's Hang Seng gained 0.86 percent. However, China's Shanghai Composite Index fell 0.72 percent.