Sensex rises 196 points, oil and gas, auto stocks up (Lead)

August 6th, 2012 - 3:56 pm ICT by IANS  

Sensex Mumbai, Aug 6 (IANS) A benchmark index of Indian equities markets was trading 196 points up during late afternoon Monday led by good buying spree in oil and gas, bank, auto and banking stocks as well as strong global cues after reports of a surge in US hiring.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,313.05 points, was ruling at 17,394.28 points, 1.14 percent or 196.35 points up from its previous day’s close at 17,197.93 points.

The Sensex touched a high of 17,448.42 points and a low of 17,313.05 points. BSE midcap was up 41.59 points and small cap was up 61.84 points.

The BSE oil and gas index was up 226.93 points, followed by auto index, up 124.74 points and banking index, up 158.36 points.

The wider 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling 1.24 percent up at 5,280.50 points.

The major Sensex gainers were Reliance Industries, up 5.26 percent at Rs.782; Tata Motors, up 3.10 percent at Rs.227.75; Gail India, up 2.59 percent at Rs.366; Tata Steel, up 1.98 percent at Rs.404.80; and Larsen and Toubro (L&T;), up 1.80 percent at Rs.1,407.50.

The major Sensex losers were Dr Reddys Lab, down 0.91 percent at Rs.1,656.90; ITC down 0.66 percent at Rs.257.65; TCS, down 0.56 percent at Rs.1,231; Coal India, down 0.45 percent at Rs.342.40; and Wipro, down 0.37 percent at Rs.345.70.

Among other Asian markets, Japan’s Nikkei was up 2 percent while Shanghai’s composite index was 1.04 percent higher. Hong Kong’s Hang Seng was up 1.69 percent.

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