Sensex surges 144 points; banking stocks gain, Rupee Firm at 61.53

Sensex on Wednesday started trading after gaining 144.27 points or 0.52 percent up in the early session as the banking sector gained, whiel India rupee opened slightly higher at 61.53 againt the US dollar.

Good buying was observed in banking, auto and IT sectors, while marginal selling pressure was seen in metal sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,958.64 points, was trading at 28,054.33 points (at 09.30 a.m.) in the early session, up 144.27 points or 0.52 percent from the previous day’s close at 27,910.06 points.

The Sensex touched a high of 28,056.90 points and a low of 27,958.64 points in the trade so far.

The S&P bankex gained 136.59 points, auto index went up by 133.44 points and IT index moved up by 56.21 points. However, metal index dropped by 3.20 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading at 34.05 points or 0.41 percent up at 8,396.70 points.

Meanwhile, the rupee gained marginally when it opened higher at 61.53 against the US dollar in early trade at the Interbank Foreign Exchange market on Wednesday, due to increased selling of the American currency by exporters and banks.


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