Sensex gains 221 points; bank stocks rise

Mumbai, July 15 :

After five straight sessions of losses, a benchmark index of Indian equities markets Tuesday closed 221.67 points or 0.89 percent up as banking and capital goods stocks surged.

Healthy buying was observed in consumer durables, automobile and oil and gas sectors, while marginal selling pressure was seen in fast moving consumer goods (FMCG) and information technology (IT) stocks.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,100.90 points, closed the trade at 25,228.65 points (provisional), 221.67 points or 0.89 percent from the previous day’s close at 25,006.98 points.

The Sensex touched a high of 25,254.48 points and a low of 25,020.32 points in the inta-trade.

The S&P BSE bankex gained 458.18 points, capital goods index surged by 337.77 points, onsumer durables index moved up by 229.93 points, automobile index increased by 214.22 points and oil and gas index went up by 167.12 points.

However, FMCG index dipped 21.66 points and IT index fell 16.03 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended trade at 72.50 points or 0.97 percent up at 7,526.65 points.

(IANS)