Sensex surges 319 points; capital goods, banks rally

Mumbai, May 23 (IANS) A benchmark index of Indian equities markets Friday closed 318.95 points or 1.31 percent up, as capital goods and banking stocks gained.

Good buying was also observed in oil and gas, metal and auto sectors, while marginal selling pressure was seen in the consumer durables sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 24,535.14 points, ended the day's trade at 24,693.35 points (provisional), up 318.95 points or 1.31 percent from the previous day's close at 24,374.40 points.

The Sensex touched a high of 24,745.86 points and a low of 24,470.78 points in trade.

The S&P BSE bankex went up by 283.49 points, capital goods index surged by 310.86 points, oil and gas index moved up by 244.41 points, metal index increased by 258.36 points and auto index inched up by points. However, consumer durables index slipped by 67.88 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also surged 90.70 points or 1.25 percent at 7,367.10 points.