The Hindu : Business : Sensex ends 85 points higher

Online edition of India's National Newspaper
Wednesday, Jan 25, 2006

Business

Business

Sensex ends 85 points higher

MUMBAI: The Bombay Stock Exchange Sensex recovered smartly after the overnight slide and today ended 85 points up at 9,549.92 on fairly heavy buying support prompted by a strong turnaround in global markets even as the apex bank revised upwards the GDP growth projections to 7.5-8 per cent.

In the third quarter review of the monetary policy, the Reserve Bank of India (RBI) also kept the Bank Rate unchanged at six per cent and credited the upturn in the economy to increased agriculture output and growth momentum in industrial and services sector.

The benchmark 30-share index (Sensex) opened firm at 9,503.42 and gradually moved upwards to the intra-day high of 9,574.14 before ending the day at 9,549.92 against 9,464.90, a net rise of 85.02 points. The broadbased BSE-100 index also recouped by 36.65 points to 5,054.03. Operators were believed to be engaged in the roll-over of positions to new contract a day ahead of the expiry of January contract in the Futures.

Foreign institutional investors, who have slowed down their activity since last week, reportedly were buyers in select key counters. — PTI

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