Sensex rises 128 points, IT consumer durable stocks up

Mumbai, July 19 (IANS) A benchmark index of Indian equities markets was trading 128 points higher in late afternoon session Thursday, led by firm global cues and good buying in IT, consumer durables, and realty stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,288.34 points, was ruling at 17,313.13 points, up 0.75 percent or 128.12 points from its previous day's close at 17,185.01 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was ruling 0.65 percent higher at 5,250 points.

The BSE IT index was up 105.41 points and so were consumer durable and realty index at 104.22 points and 22.89 points, respectively.

The major Sensex gainers were Infosys, up 3.29 percent at Rs.2,247.45; BHEL, up 2.81 percent at Rs.236.10; Tata Power, up 2.54 percent at Rs.100.90; Sterlite Inds, up 2.47 percent at Rs.105.90 and Hindalco Inds, up 2.16 percent at Rs.123.

The losers were Maruti Suzuki, down 7.89 percent at Rs.1,127.70; Bharti Airtel, down 1.49 percent at Rs.319.75; ONGC, down 0.56 percent at Rs.283.65; ITC, down 0.49 percent at Rs.253.50 and Dr Reddys Lab, down 0.42 percent at Rs.1,665.

European shares were on an 11-week high on strong earnings from companies like Electrolux.

Among other Asian markets, Japan's Nikkei was 0.79 percent up and Hong Kong's Hang Seng was 1.66 percent higher. China's Composite index was also up 0.73 percent.

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