Sensex rallies over 400 points

A benchmark index of Indian equities markets Thursday surged 408.27 points or 1.53 percent as consumer durables stocks gained.

All the sectors were trading in green and the rally was led by consumer durables, banking, capital goods, auto, metal, healthcare and oil and gas sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,053.86 points, was trading at 27,118.40 points (at 2.03 p.m.) in the afternoon session, up 408.27 points or 1.53 percent from the previous day's close of 26,710.13 points.

The Sensex has touched a high of 27,119.94 points and a low of 26,900.57 points in the trade so far.

The S&P consumer durables index surged by 488.96 points, Bankex gained by 452.10 points, capital goods index moved up by 374.57 points, auto index inched up by 328.74 points, metal index increased by 241.95 points, healthcare index got augmented by 161.33 points and oil and gas index went up by 192.85 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 115.60 points or 1.44 percent up at 8,145.40 points.