Sensex gains 276 points during pre-noon session

A benchmark index of Indian equities markets surged 276.12 points or 1.37 percent up in the pre-noon session Monday.

The rally was led by banking index (bankex), capital goods, public sector undertakings (PSU), fast moving consumer goods (FMCG), oil and gas, and auto sectors, while selling pressure was seen in IT sector.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,326.66 points, was trading at 20,493.51 points in the pre-noon session, up 276.12 points or 1.37 percent from previous day's close at 20,217.39 points.

The Sensex touched a high of 20,543.54 points and a low of 20,326.66 points during the trade so far.

The S&P BSE bankex surged 305.69 points, capital goods index gained 210.58 points, PSU index augmented by 103.96 points, FMCG index moved up by 109.21 points, oil and gas index increased by 138 points, and auto index inched up by 163.09 points. However, IT index was marginally down by 13.37 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading up at 85.55 points or 1.43 percent at 6,081 points.