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Sensex ends at new peak of 9,919.89 points

Steep rally in shares from capital goods, metals, auto sectors and all-round buying pushed up Sensex by 70.86 pts.
None | By Press Trust of India, Mumbai
UPDATED ON JAN 31, 2006 05:25 PM IST

Steep rally in shares from capital goods, metals and auto sectors and sustained all-round buying pushed up the Bombay Stock Exchange (BSE) Sensex by 70.86 points to close above the 9,900-mark for the first time at 9,919.89 points.

Foreign Insitutional Investors (FIIs), which made an impressive net investment of over Rs 1,500 crore in the last two sessions of the week, prompted operators to buy heavily in blue-chip shares, brokers said.

The BSE benchmark 30-share sensitive index opened firm at 9,892.23 as against Monday's close of 9,849.03 and after moving in a range of 9,939.55 and 9,873.37, ended at 9,919.89, revealing a sharp rally of 0.72 per cent.

Among capital goods, BHEL, L&T, ABB, Crompton Greaves and Suzlon stole the limelight, while in metals, Tata Steel,

Hindalco, Nalco and Sterlite displayed handsome gains. Auto shares like Tata Motors, Maruti, M&M, TVS Motors and Hero Honda also ended smartly higher.

BSE-CG index shot up by 154.43 points or 2.26 per cent to close at 6,986.87, BSE-Metal by 136.82 points or 1.96 per cent to 7,131.20 and BSE-Auto by 49.36 points or 1.11 per cent to 4,506.53.

According to market participant, the market was moving in tandem with the Q3 working results of the blue-chip counters and consolidating before crossing the psychological 10K-mark.

Elsewhere, HDFC, HDFC Bank, NTPC, RIL, Infosys Tech, TCS, Wipro, SBI, Satyam Computer and Tata Power also firemd up on heavy buying. However, Dr Reddy, ICICI Bank, GACL, ACC, Bharti Tele and Bajaj Auto reamined weak.

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