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Sensex tops 9700 points intra-day, closes lower

Our Bureau

Mumbai , Jan. 25

KEY stock indices crossed all-time high levels on Wednesday, but most of the shares closed lower on BSE as well as on the NSE.

Analysts said the markets have entered "nervous territory" on account of the absence of depth.

The benchmark BSE-30 index touched a new intra-day peak of 9,714.48, before closing at an all-time high level of 9,685.74, up by 135.82 points from Tuesday's close. The S&P CNX Nifty ended at an all-time high of 2,940.35, up by 32.35 points (1.11 per cent) from the previous close of 2,908 points.

The previous all-time closing of BSE Sensex was on January 4, at 9,648.08.

The broader BSE100 and BSE500 indices also ended higher. The BSE100 index ended high by 49.86 points at 5,103.89 while the BSE500 closed higher by 29.66 points at 3,931.60 points.

However, the foreign funds inflows during this month were much lesser than expected. During this month, the foreign inflows stood at $510.8 million. FIIs made a net investment of over $10.5 billion during 2005. Mutual funds remained net sellers to the tune of Rs 13,68.01 crore in January, after they sold about similar amount in December. Counters such as ONGC, Bajaj Auto, Hero Honda, ICICI Bank and L&T witnessed heavy buying.

Related Stories:
Dalal Street at critical stage
Sensex up 109 points, closes at 9,394 — Retail investors told to be cautious
Scaling new highs: Sensex crosses 9,100-mark

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