Sensex surges 359 points; banking stocks gain

A benchmark index of Indian equities markets Monday surged 358.80 points or 1.37 percent up as banking stocks gain.

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

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,434.16 points, was trading at 26,467.33 points (at 9.15 a.m.) in the early session, up 358.80 points or 1.37 percent from the previous day's close at 26,108.53 points.

The Sensex touched a high of 26,501.04 points and a low of 26,434.16 points in the trade so far.

The S&P bankex gained 392.99 points, auto index went up by 263.43 points, capital goods index surged by 241.51 points, metal index moved up by 183.85 points, oil and gas index got augmented by 170.10 points, healthcare index increased by 150.43 points and consumer durables index inched up by 115.90 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also surged by 105.05 points or 1.35 percent and was trading at 7,884.75 points.