Sensex up 108 points; capital goods stocks surge

A benchmark index of Indian equities markets scaled a new peak Tuesday and was trading at 108.25 points or 0.37 percent up.

The index touched a high of 29,456.63 points, surpassing its previous high of 29,408.73 points it touched Jan 23.

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

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 29,451.65 points, was trading at 29,387.09 points (at 01.37 p.m.) in the afternoon session, up 108.25 points or 0.37 percent from the previous day's close at 29,278.84 points.

The Sensex has touched a high of 29,456.63 points and a low of 29,286.09 points in the trade so far.

The S&P capital goods index surged by 283.61 points, auto index went up by 202.45 points and bankex gained by 172.34 points and consumer durables index moved up by 152.76 points.

However, IT index slipped by 161.71 points and metal index dropped by 106.80 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading 14.35 points or 0.16 percent up at 8,849.95 points.