Sensex gains 72 points; IT stocks surge

A benchmark index of Indian equities markets Friday was trading 72.09 points or 0.27 percent up as IT stocks surged.

Good buying was observed in IT, banking and technology, media and entertainment (TECK) sectors, while selling pressure was seen in fast moving consumer goods (FMCG) sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,127.26 points, was trading at 27,158.02 points (at 09.23 a.m.) in the early session, up 72.09 points or 0.27 percent from the previous day's close at 27,085.93 points.

The Sensex touched a high of 27,161.21 points and a low of 27,116.31 points in the trade so far.

The S&P BSE IT index surged by 137.52 points, bankex went up by 70.44 points and TECK index moved up by 64.49 points. However, FMCG index went down by 11.99 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading 24.20 points or 0.30 percent up at 8,120.15 points.