Sensex up more than 195 points; capital goods stocks rise

Mumbai, June 5 (IANS) After three days of consecutive falls, a benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), on Friday gained more than 195 points or 0.73 percent during the late-afternoon trade session on Friday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains during the session under review. It was trading 53.40 points or 0.66 percent up at 8,184.05 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 26,819.82 points, was trading at 27,009.50 points (at 2.35 p.m.), up 196.08 points or 0.73 percent from the previous day’s close at 26,813.42 points.

The Sensex has touched a high of 27,014.42 points and a low of 26,718.44 points in the trade so far.

On Thursday, the Sensex closed marginally down by 24 points or 0.09 percent. It had slumped over 350 points on Wednesday, while on Tuesday it crashed over 660 points on the back of a less-than-expected easing of the monetary policy by the Reserve Bank Of India and the hawkish outlook given by it.

According to Angel Broking, Indian markets opened in the positive zone tracking the SGX Nifty.

The firm said the Indian markets fell marginally on Thursday as investors for the third day running remained nervous over the growing fears that a drought this year would weigh on growth and spur inflation.

During Friday’s trade, healthy buying was observed in capital goods, metals, healthcare, fast moving consumer goods (FMCG) and oil and gas sectors.

However, heavy selling was observed in stocks like banking and realty.

The S&P BSE capital goods index augmented by 273.98 points, metal index gained by 254.04 points, healthcare index was higher by 231.77 points, FMCG index increased by 124.89 points and oil and gas index was up by 116.75 points.

However, the S&P BSE banking index declined by 13.28 points, followed by realty index which went lower by 9.24 points.

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