Sensex gains 310 points; oil and gas stocks rise

Mumbai, July 22 : A benchmark index of Indian equities markets Tuesday closed trade 310.63 points or 1.21 percent up on positive international cues and a surge in oil and gas stocks. All the sectors, except capital goods and power, ended in green. The rally was led by oil and gas, information technology (IT), metal, healthcare and technology, entertainment and media (TECK) stocks.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,784.48 points, ended the trade at 26,025.80 points (provisional), up 310.63 points or 1.21 percent from the previous day’s close at 25,715.17 points. The Sensex touched a high of 26,050.38 points and a low of 25,780.39 points in the trade so far.

The S&P BSE oil and gas index surged by 188.27 points, IT index increased by 167.23 points, metal index moved up by 136.28 points, healthcare index got augmented by 114.86 points and TECK index which surged by 106.56 points.  The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 83.65 points or 1.09 percent up at 7,767.85 points. The bourses took their cue from the Asian markets whhich rallied. Japan’s Nikkei gained 0.84 percent,and Hong Kong’s Heng Seng ended trade up 1.69 percent higher, while China’s Shanghai Composite Index went 1.02 percent up.