Sensex sheds 270 point in pre-noon trade

Mumbai, Sep 23 (IANS) A benchmark index of Indian equities markets was trading 269.51 points or 1.33 percent down in the morning trade Monday.

Selling pressure was observed in banking index (bankex), capital goods, oil and gas and public sector undertakings (PSU) sectors, while IT and consumer durables sectors saw some good buying.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,060.82 points, was trading at 19,994.20 points in the pre-noon session, down 269.51 points or 1.33 percent from last Friday's close at 20,263.71 points.

The Sensex touched a high of 20,199.81 points and a low of 19,926.38 points during the trade so far.

The S&P BSE bankex tanked by 468.46 points, capital goods index plunged by 153.95 points, oil and gas index dropped by 128.69 points and PSU index went down by 95.28 points.

However, IT index gained 113.18 points and consumer durables index inched up by 87.89 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading at 81.50 points or 1.36 percent down at 5,930.60 points.

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