Sensex higher by 78 points; capital goods stocks rise

A day after gaining over 400 points, a benchmark index of the Indian equities market, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), was trading more than 78 points higher in the late-afternoon session on Tuesday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the positive zone. It rose by 38 points or 0.45 percent at 8,390.95 points.

The Sensex of the S&P BSE, which opened at 27,760.11 points, was trading at 27,808.27 points (at 2.30 p.m.), up 78.06 points or 0.28 percent from the previous day's close at 27,730.21 points.

The Sensex touched a high of 27,882.66 points and a low of 27,666.59 points in the intra-day trade.

According to Angel Broking, the Indian markets opened on a positive note tracking SGX Nifty and some of its Asian peers.

The brokerage firm said the Indian markets rallied sharply on Monday as investor optimism grew on the fact that Greece and its creditors would strike a last-minute deal at a crucial emergency eurozone summit.

Another positive development was the meteorological forecast that the June rainfall was likely to end with a 16 percent surplus over the long period average.

The markets gained for the seventh straight session on Monday.

During intra-day trade on Tuesday, healthy buying was observed in capital goods, metal, bank and oil and gas sectors.

However, stocks of information technology, consumer durable and technology, entertainment and media (TECK) came under heavy selling pressure.

The S&P BSE capital goods index zoomed by 258.20 points, followed by metal index which augmented by 180.49 points, banking index rose by 110.04 points and oil and gas index was higher by 93.62 points.

However, the S&P BSE IT index dropped 91.38 points, consumer durables index was lower by 71.24 points and TECK index was down by 37.35 points.