The Hindu : Business : Sensex ends 2005 at new closing peak

Online edition of India's National Newspaper
Saturday, Dec 31, 2005

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Business

Sensex ends 2005 at new closing peak

MUMBAI: The Sensex on Friday rung out 2005 on a positive note, settling 75 points up at a new closing peak of 9397.93 against Thursday's close, as the NAV-based share values were lifted by foreign funds while domestic players picked up shares of select key stocks. The Bombay Stock Exchange 30-share sensitive index opened the year at 6626.49 points.

Foreign institutional investors were believed to be heavy buyers in blue chip stocks in a bid to push up the net asset value of their portfolios at the year-end session.

Extending gains to second straight day, the BSE benchmark 30-share index (Sensex) opened higher at 9339.32 and gradually moved upwards to the intra-day high of 9427.23 before closing at 9397.93 against 9323.25, a net rise of 74.68 points.

The top heavyweight Reliance Industries remained in the limelight and touched yet another all-time high of Rs. 901 during early trade on fairly heavy buying prompted by the BSE decision to hold a special trading hour for its shares on January 18, a day after the company's demerger.

RIL clocked nearly one-fourth of the total volume to set a new record at Rs. 1,016.30 crore. — PTI

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