Sensex gains 80 points; banking stocks rally

Mumbai, Jul 16: A benchmark index of Indian equities markets on Wednesday was trading 79.66 points or 0.32 percent up as banking and capital goods stocks surged. Good buying was observed in banking, capital goods and healthcare sectors, while selling pressure was seen in consumer durables sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,322.17 points, was trading at 25,308.31 points (at 09.27 a.m.) in the early session, up 79.66 points or 0.32 percent from the previous day’s close at 25,228.65 points.

The Sensex touched a high of 25,377.99 points and a low of 25,300.72 points in the trade so far. The S&P BSE bankex gained 184.94 points, capital goods index moved up by 111.38 points and healthcare index inched up by 58.59 points. However, consumer durables index dropped by 46.98 points. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 20.40 points or 0.27 percent up at 7,547.05 points.