Sensex gains in pre-afternoon trade

A benchmark index of the Indian equities markets was trading 0.29 percent up in the pre-afternoon trade Wednesday.

Good buying spree was seen in IT, technology, media and entertainment (TECK), and fast moving consumer goods (FMCG) scrips, whereas oil and realty sectors' stocks plunged. The recent fall in rupee has made the technology firms more attractive.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 20150.69 points, was trading at 20169.33 points in the afternoon session, up 57.72 points or 0.29 percent from its previous day close at 20111.61 points.

The Sensex touched a high of 20220.35 points and low of 20124.98 points in the intra-day trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) has also shown upward movement and was trading at 0.21 percent or 12.95 points up at 6,127.05 points.

The BSE TECK index was up 29.95 points, IT index notched up 42.43 points and FMCG moved up by 40.53 points. While oil index dipped 20.99 points and realty dropped 17.14 points.