Sensex surges 129 points; banking stocks rally Also Read - Stock Market Crash: Sensex Nosedives 1,115 Pts, Nifty Tanks Below 10,850-mark in Closing Session

Mumbai, Aug 4: A benchmark index of Indian equities markets on Monday was trading 128.75 points or 0.51 percent up as banking stocks surged. All the sectors were trading in green. The rally was led by banking, metal and capital goods. Also Read - Happiest Minds Technologies Makes Bumper Market Debut, Lists At 111% Premium Over Issue Price

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,631.68 points, was trading at 25,609.59 points (at 09.16 a.m.) in the early session, up 128.75 points or 0.51 percent from the previous day’s close at 25,480.84 points. The Sensex touched a high of 25,645.43 points and a low of 25,593.71 points in the trade so far. Also Read - Sensex, Nifty Tick Higher in Opening Trade

The S&P BSE bankex gained 160.76 points, metal index scored 101.84 points and capital goods index increased by 90.26 points. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 32.05 points or 0.42 percent down at 7,634.65 points.