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Mumbai, January 23rd
The Bombay Stock Exchange benchmark Sensex on Tuesday crossed the 17,000 mark before easing a bit to close the day 244 points up as investors cheered RBI move to cut cash reserve ratio to infuse liquidity in the system.The Reserve Bank announced 0.5 percentage point cut in CRR, a move that would inject Rs 32,000 crore into the system, but left lending rates unchanged which was largely on the expected lines.The 30-scrip Sensex crossed the crucial 17,000 mark before ending 244.04 points, or 1.46 per cent, up at 16,995.77.The 50-issue National Stock Exchange index Nifty regained the crucial 5,100 level, adding 81.10 points and closed at 5,127.35.
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