Sensex surges 338 points; banking, oil and gas stocks gain

Mumbai, June 24 (IANS) Snapping a four-day losing streak, a benchmark index of the Indian stock markets closed trade 337.58 points or 1.35 percent up Tuesday as good buying took place in banking and oil and gas scrips.

The 30-scrip S&P Sensex (sensitive index) of the Bombay Stock Exchange (BSE), which opened at 25,115.83 points, closed the trade at 25,368.90 points (provisional), up 337.58 points or 1.35 percent from its previous day's close at 25,031.32 points.

The Sensex touched a high of 25,414.69 points and a low of 25,115.83 points intra-day.

The BSE bankex gained 261.60 points, capital goods index surged 195.56 points, oil and gas index went up by 244.61 points, metal index increased 144.93 points, consumer durables index moved up by 205.19 points, and auto index inched up by 158.71 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) also ended Tuesday's trade 86.85 points or 1.16 percent up at 7,580.20 points.