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Sensex surges 350 points in pre-noon session

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Mumbai, Nov 18: A benchmark index of Indian equities markets surged 349.87 points or 1.72 percent up in the pre-noon session on Monday.

All the sectors were trading in green. The rally was led by banking index (bankex), capital goods, oil and gas, fast moving consumer goods (FMCG) and IT sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,570.59 points, was trading at 20,749.29 points in the pre-noon session, up 349.87 points or 1.72 percent from previous day’s close at 20,399.42 points.

The Sensex touched a high of 20,754.64 points and a low of 20,570.59 points during the trade so far.

The S&P BSE bankex surged 303.32 points, capital goods index gained 210.44 points, oil and gas index augmented by 163.50 points, IT index scaled up 123.18 points and FMCG index 118.87 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading up at 97.25 points or 1.61 percent at 6,153.40 points.