Sensex surges 408 points; touches nearly month-high mark

Mumbai  :  A benchmark index of Indian equities markets surged 2.11 percent or 407.80 points during the pre-noon session Thursday following US Federal Reserve chairman Ben Bernanke’s statement on need for an accommodating monetary policy for near future.

This upbeat spirit has helped Sensex touch nearly one-month high mark.

All the sectors, except consumer durables, were trading in green. The rally was led by banking index (bankex), metal, capital goods, public sector undertakings (PSU), oil and gas and auto sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 19,468.46 points, was trading at 19,701.92 points in the pre-noon session, up 407.80 points or 2.11 percent from its previous day’s close at 19,294.12 points.

The Sensex touched a high of 19,718.74 points and a low of 19,468.46 points in the pre-noon trade.

The S&P BSE bankex surged by 375.06 points, metal index shot up by 280.76 points, capital goods increased by 205.96 points, PSU index jumped by 147.37 points, oil and gas index moved up by 154.57 points, and auto index went up by 159.62 points; while consumer durables index slipped by 23.69 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading up by 2.16 percent or 125.75 points up at 5,942.45 points.

Photo  : AFP