Nifty zooms to new high at 3,004.50

Published on Jan 31, 2006 01:28 PM IST

The S&P CNX Nifty crossed the previous high and achieved yet another milestone by touching a new high of 3,004.50.

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None | ByPress Trust of India, Mumbai

The S&P CNX Nifty crossed the previous high and achieved yet another milestone by touching a new high of 3,004.50 points on the National Stock Exchange (NSE) during late morning trading on the back of robust foreign funds inflows.

The Nifty opened slightly lower at 2,968.95 as against yesterday's close of 2,974.50, soon bounced to a life-time high of 3,004.50, before being quoted at 2999.35 at 1230 hrs, a smart rise of 24.85 points.

Foreign Institutional Investors (FIIs) were reportedly net buyers in shares over worth Rs 1500 crore on last two trading sessions of the last week.

Local mutual funds are also indulging in good buying in blue-chips, after remaining sellers during most of the early parts of the month.

Smart rise in Capital goods, metal and auto shares helped the index to touch the historic highs.

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