Sensex hits record high, surges 316 points pre-noon

A benchmark index of Indian equities markets surged 316.31 points or 1.51 percent in the pre-noon trade Monday following the Bharatiya Janata Party's win in state assembly elections.

All the sectors were trading in green. The rally was led by banking index (bankex), capital goods and metal sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 21,416.67 points, was trading at 21,312.84 points in the pre-noon session, up 316.31 points or 1.51 percent from previous day's close at 20,996.53 points.

The Sensex touched a high of 21,483.74 points and a low of 21,282.64 points during the trade so far.

The S&P BSE bankex surged 190.37 points, capital goods index gained 60.19 points and metal index increased by 57.27 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also surged and was trading up by 95.35 points or 1.52 percent up at 6,355.25 points.