Sensex surges over 400 points in afternoon session

Mumbai, Jan 22 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading 405.33 points or 1.69 percent up during the afternoon session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 134.80 points or 1.85 percent up at 7,411.60 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 24,122.06 points, was trading at 24,367.54 points (at 1.18 p.m.) in the afternoon session, up 405.33 points or 1.69 percent from the previous day’s close at 23,962.21 points.
The Sensex touched a high of 24,423.78 points and a low of 24,120.04 points in the trade so far.
Good buying was observed in banking, auto, basic materials and utilities sectors.