Sensex close at new high of 9,685.74 points Wednesday, January 25 2006 17:19 Hrs (IST) - World Time -
Mumbai:
The Bombay Stock Exchange sensitive index (Sensex) today(Jan 25,2006) crossed the 9,700-mark and ended 135.82 points higher at a new high of 9,685.74 due to heavy short covering by operators and retail investors on the last day of the January contract in derivatives.
To a large extent, market sentiment was also boosted by Reserve Bank's projection of GDP growth which the apex bank has revised upwards to 7.5-8 per cent for the fiscal while kept the bank rates steady at six per cent.
The Sensex opened sharply higher at 9,580.30 against yesterday's (Jan 24,2006) close of 9,549.92 and later, shot up to a historic high of 9,714.48, before concluding at a life-time high of 9,685.74, revealing a whopping 1.42 per cent rally over the last close.
Previous life-time closing high was 9648.08 points recorded on January four and the historic intra-day high was 9,689.68 touched on January nine, brokers said.
Foreign Institutional Investors (FIIs) were net sellers and liquidated sahres worth Rs 318 crore in Cash Segment and also would up positions amounting to over Rs 775 crore in
Futures on Monday, dealers said.
Shares from consumer durable, bank segments and auto were particularly firm on heavy buying.
