Sensex gains 114 points; IT stocks surge

Mumbai, July 11 :

A benchmark index of Indian equities markets Friday gained 114.10 points or 0.45 percent as IT stocks surged.

Good buying was observed in IT, auto and capital goods sectors, while selling pressure was seen in metal sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,488.86 points, was trading at 25,486.85 points (at 09.33 a.m.) in the early session, up 114.10 points or 0.45 percent from the previous day’s close at 25,372.75 points.

The Sensex touched a high of 25,548.33 points and a low of 25,323.23 points in trade.

The S&P BSE IT index gained 184.03 points, auto index surged by 110.65 points and capital goods sector increased by 98.92 points. However, metal index dropped by 48.14 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading flat at 11.45 points or 0.15 percent up at 7,579.20 points.

(IANS)