Sensex, Nifty hit record highs for second consecutive day

A benchmark index of Indian equities markets Friday touched a record high of 27,762.13 points, surpassing previous high of 27,390.60 points hit Thursday.

Good buying was observed in capital goods, auto, banking, metal, oil and gas and IT sectors; while selling pressure was seen in consumer durables sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,439.06 points, was trading at 27,751.75 points (at 01.05 p.m.) in the afternoon session, up 405.42 points or 1.48 percent from the previous day's close at 27,346.33 points.

The Sensex touched a high of 27,762.13 points and a low of 27,438.28 points in the trade so far.

The S&P capital goods index surged by 297.19 points, auto index moved up by 293.94 points, bankex increased by 261.23 points, metal index gained 240.08 points, oil and gas index inched up by 187.46 points and IT index moved up by 171.84 points.

However, consumer durables index dropped by 269.98 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also hit a record high and was trading 119.45 points or 1.46 percent up at 8,288.65 points.