Sensex gains 126 points; bank stocks rise

A day after it fell 491 points due to negative global cues and uncertainty over the Delhi assembly election results, a benchmark index of the Indian equities markets closed Tuesday's trade 126 points or 0.45 percent up.

Healthy buying was observed in bank, automobile, metal, consumer durables and capital goods stocks, while information technology (IT), oil and gas and technology, entertainment and media (TECK) sectors came under heavy selling pressure.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,122.48 points, closed the day's trade at 28,353.12 points, up 125.73 points or 0.45 percent from the previous day's close at 28,227.39 points.

The Sensex touched a high of 28,633.72 points and a low of 28,044.49 points in the intra-day trade.

Sector-wise, the S&P BSE bank index rose 412.56 points, followed by automobile index which was up 320.12 points, metal index was higher by 184.57 points, consumer durables index increased 163.04 points and capital goods index gained 132.30 points.

However, IT index decreased 96.69 points, oil and gas index was down 80.50 points and TECK index declined by 44.68 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains in the day's trade. It was up 39.20 points or 0.46 percent at 8,565.55 points.