Home ECONOMY Sensex closes nearly two percent up; capital goods stocks rise

Sensex closes nearly two percent up; capital goods stocks rise

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Mumbai, June 2 :

A benchmark index of Indian equities markets Monday closed 467.51 points or 1.93 percent up, as capital goods stocks rose.

Bombay-Stock-Exchange-BuildingHealthy buying was observed in interest sensitive stocks like capital goods, bank, oil and gas, automobile and metal sectors ahead of the Reserve Bank of India’s monetary policy Tuesday.

However, fast moving consumer goods (FMCG) and healthcare stocks came under sustained selling pressure.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 24,368.96 points, closed trade at 24,684.85 points (provisional) – up 467.51 points or 1.93 percent from the previous day’s close at 24,217.34 points.

The Sensex touched a high of 24,709.09 points and a low of 24,270.20 points intra-day.

The S&P BSE capital goods index gained 725.67 points, bank index was up 556.58 points, oil and gas index increased by 309.30 points, metal index surged 229.03 points, automobile index was higher by 207.09 points and consumer durables index rose by 128.48 points.

However, healthcare dropped by 94.56 points and FMCG index was lower by 56.07 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) too closed in positive territory. The Nifty closed trade 132.55 points or 1.83 percent up at 7,362.50 points.

(IANS)