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Sensex up 47 points; banking stocks gain

A benchmark index of Indian equities markets Wednesday was trading 46.71 points or 0.17 percent as banking stocks gained.

Good buying was observed in banking and fast moving consumer goods (FMCG) sectors, while marginal selling pressure was seen in IT sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,530.26 points, was trading at 27,553.17 points (at 09.31 a.m.) in the early session, up 46.71 points or 0.17 percent from the previous day’s close at 27,506.46 points.

The Sensex has touched a high of 27,559.68 points and a low of 27,467.91 points in the trade so far.

The S&P bankex gained by 74.41 points and FMCG index moved up by 18.80 points. However, IT index slipped by 14.98 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 13.55 points or 0.16 percent up at 8,280.55 points.

Meanwhile, India’s rupee closed 63.29 on Tuesday and a 13-month low of 63.89 reached last week.(IANS)

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