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Sensex gains 66 points; capital goods stocks surge ahead of Diwali

A benchmark index of Indian equities markets Friday was trading 65.69 points or 0.25 percent up as capital goods stocks gained after markets opened on a positive note tracing global markets & SGX Nifty.

Yesterday, the US markets ended on a flat note as economic data eased fears about a weakening global economy. On Friday, the Asian Markets are trading on a mixed note and as of now, at 11 am, SGX Nifty is trading up by 66 points to 7808 levels. The support level for NIFTY Cash for today is 7700 and resistance level will be 7800 – 7840, according to Angel Broking.

Good buying was observed in capital goods, banking, healthcare and fast moving consumer goods (FMCG) sectors, while selling pressure was seen in IT and technology, media and entertainment (TECK) sectors, ahead of Diwali.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,950 points, was trading at 26,065.03 points (at 09.17 a.m.) in the early session, up 65.69 points or 0.25 percent from the previous day’s close at 25,999.34 points.

The Sensex touched a high of 26,065.03 points and a low of 25,917.58 points in the trade so far. The S&P capital goods index gained 137.04 points, bankex went up by 113.88 points, healthcare index moved up by 107.65 points and FMCG index inched up by 91.63 points. However, IT index dropped by 306.51 points and TECK index slipped by 116.12 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 4.65 points or 0.06 percent up at 7,752.85 points.

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