Sensex rises 100 points; capital goods, banking stocks up

Mumbai, Nov 22: A benchmark index of the Indian equities markets rose 100 points on Friday after slumping by nearly two percent in the previous day on lingering confusion over the US Federal Reserve’s action on $85 billion bond buying programme.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened sharply higher at 20,316.58 points, was trading at 20,329.86 points at around noon trade, up 0.50 percent or 100.81 points from its previous day’s close at 20,229.05 points.

The Sensex slumped by 400 points or 1.97 percent on Thursday on renewed concern that the US Federal Reserve might ease its stimulus programme.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was Friday trading 0.70 percent or 41.95 points higher at 6,041 points, after losing 123.85 points or 2.02 percent Thursday.

There was good buying support in consumer durables, oil and gas, capital goods and banking stocks.

Consumer durables index of the BSE was ruling 1.48 percent higher. Oil and gas index was up 1.03 percent. Capital goods index was up 0.89 percent and banking index was trading 0.87 percent higher.