Sensex gains over 100 points; banking stocks surge

A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Monday was trading 104.10 points or 0.36 percent up as banking stocks gained.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 24.30 points or 0.28 percent up at 8,857.90 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,316.58 points, was trading at 29,335.51 points (at 9.22 a.m.) in the early session, up 104.10 points or 0.36 percent from the previous day's close at 29,231.41 points.

The Sensex touched a high of 29,344.60 points and a low of 29,250.26 points in the trade so far.

Good buying was observed in banking, capital goods and auto sectors, and selling pressure was seen in the consumer durables sector.

The S&P bankex gained by 172 points, capital goods index moved up by 162.17 points and the auto index surged by 100.36 points.

The consumer durables index, however, dropped by 52.83 points.