Sensex trades up 104 points; bank stocks up

A day after it fell by 350 points, a benchmark index of Indian equities markets Friday was trading at 104.11 points or 0.40 percent up as banks, capital goods and consumer durables stocks gained.

Healthy buying was also observed in fast moving consumer goods (FMCG), automobile, healthcare and power sectors. However, heavy selling was sustained in information technology (IT) and technology, media and entertainment (TECK) sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,950 points, was trading at 26,103.45 points (at 1.15 P.m.), up 104.11 points or 0.40 percent from the previous day's close at 25,999.34 points.

The Sensex touched a high of 26,115.80 points and a low of 25,910.77 points in the trade so far.

The S&P bank index gained 330.3 points, capital goods index went up by 244.77 points, consumer durables index moved up by 165.98 points, FMCG index rose by 73.87 points, automobile index was higher by 66.09 points, healthcare index increased by 24.16 percent and power index was up 23.91 points.

However, IT index dropped by 347.39 points and TECK index slipped by 120.15 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 34.10 points or 0.44 percent up at 7,782.30 points.